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

if you win lottery how much is taxed
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When you claim prize amounts of $600

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn  Lottery Winnings FAQs Tags: lottery, winnings, FAQ Q: Are lottery prizes subject to taxation? A: Effective August 13th 2018, lottery winnings are subject

nr 346 lottery result Most prize winners pay a fixed federal income tax rate of 24% on their lottery winnings over $5,000 Federal prize withholdings are calculated on the amount of The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn