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

how much tax is paid on lottery winnings
➡️【Mk.com】✅कैसीनो में ऑनलाइन कैसीनो गेम खेलें। ✅अपने पसंदीदा कैसीनो गेम ऑनलाइन खेलने के लिए साइन अप बोनस। रूलेट, ब्लैकजैक, स्लॉट मशीनें और बहुत कुछ। ✅  Dan how much is taxed from lottery winnings

As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount

Before the winner receives any of the money, however, the IRS automatically takes 24% of the winnings The rest of the winnings are expected to be paid by the The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

bhutan lottery limited Before getting your winnings, you'd have to pay a 24% federal tax withholding, which the IRS requires for winnings over $5,000, CNBC explains  Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to