Publication 140-W - FAQS: New York State Lottery Winners -

how much do you get taxed on lottery winnings
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The prize money will be considered as separate from your income, and your regular income will be taxable as per your income tax rate slab You do not get any

Legally classed as gambling, any profits you make from buying a lottery a ticket are exempt from tax, so the full amount you win is the amount paid to As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a

idn poker qq Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare the winnings in your Income As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of 30%