The way Lottery Winnings are Taxed in India -

how much taxes on lottery
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According to the 1986 Finance Act as well as the Income Tax Act, lottery wins in India are subject to a fixed 30% tax rate When earnings exceed

Income tax is a tax that is levied by the Government of India on the income of every individual or entity The Income-tax Act, 1961 governs

how much are lottery tickets While you don't have to report lottery winnings of $600 or less, if you win more than $5,000, the government will hit you with a 24 percent federal withholding

how to do lottery online The governing lottery body withholds 24% of the prize automatically, leaving the balance to be paid by the winner, according to Lottery USA If