Why are lottery winnings often so heavily taxed despite the

Directive 86-24: Lottery Winnings; Lottery Tickets - how is lottery winnings taxed Generally, if someone wins a raffle, Lotto or prize money in a draw, these winnings are not taxable Similarly, prize money from a dog how much is 2 lottery numbers per baht Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you

how long does it take to collect lottery winnings Section 194B of Income Tax Act Under Section 194B of the Income Tax Act, TDS will be deducted when the income is earned from the winning lotteries, card games,