On winning a 1 crore lottery in India, how much taxes do you pay?

Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes

As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a

how to play online poker When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal

how to win slot machines at casino State tax rates on lottery winnings vary If you live in Georgia, your state tax rate for lottery winnings is % That means you get