On winning a 1 crore lottery in India, how much taxes do you pay?
Hit the jackpot? Learn how your lottery winnings are taxed Discover key strategies to manage your windfall and financial obligations
how much tax on lottery winnings in india how much of lottery winnings is taxed
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The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab
how do you cash in a lottery ticket 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
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