On winning a 1 crore lottery in India, how much taxes do you pay?
On winning a 1 crore lottery in India, how much taxes do you pay?
If you are not a resident, you will typically have a flat 30% federal withholding, and state taxes may differ from what is listed above Consult with your
taxes ; redeemable from 1923-57 by annual drawings ; callable as a whole or in part after Lottery Loan of 1920 : Amount issued , K400,000,000 The winner may also face additional taxes from their state of residence, as some states like New York tax lottery winnings at %, while
poker real money australia What is tax charged on lottery? The lottery tax is charged at a rate of 15% of the lottery turnover When is the lottery tax paid? The lottery tax must be Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or