How Much Lottery Tax You Need To Pay In India?

how much tax for lottery winnings
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Taxation · For awards derived from games that took place prior to 5 July 2018, the exempt amount is 2,500 euros · As of 5 July 2018, inclusive,

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  That's because lottery winnings are generally taxed as ordinary income at the federal and state levels In fact

thai lottery ticket The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made This indicates that earnings from awards and prizes would still be subject to a % tax rate even if the person's income falls under the 20%