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

how much tax for lottery winnings
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However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the

4 How are lottery winnings taxed if received by a non-resident Indian ? For NRIs, lottery winnings are also taxed at a flat rate of 30% 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

baltimore lottery pick 3 The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on In India, lottery winnings are subject to a tax deduction at source of 30% if the amount of the winning exceeds Rs 10,000 Therefore, if