What is the Tax for Lottery Winnings Prize in Kerala? TDS

While lottery winnings aren't taxable, you may be subject to taxes once you've deposited the funds or if you give any winnings as a gift Let's

How do lottery taxes work? ; 10% $0 to $11,600 10% of taxable income ; 12% $11,601 to $47,150 $1,160 plus 12% of the amount over $11,600 ; 22

lottery claim office calculators Visit gambling and lottery winnings, including cash prizes from the Pennsylvania Lottery Noncash prizes from the PA Lottery are not taxed

lottery sambad 12 1 24 Generally, gambling winnings are subject to a 24% federal withholding tax, which is automatically deducted from winnings that reach a specific