How much tax will I pay on winning a Rs 10 Crore lottery in India?

winning from lottery tax rate
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Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to

Q: What taxes are withheld if I win a lottery prize? A: For residents and resident aliens, percent in federal and state withholding taxes is deducted In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

cutting a thin slot in wood Millions in lottery proceeds easily put the winner in the top federal income tax For 2023, the 37% rate applies to taxable income of Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%