The way Lottery Winnings are Taxed in India -

is the national lottery tax free
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While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

The capital element is tax free and the interest element is subject to applicable tax However, based on tax rules and rates at the date of

is the national lottery tax free Lottery winnings are taxable in India under the Finance Act of 1986 and Income Tax Act at a flat 30% rate There is an extra percentage

is lottery winnings considered income The capital element is tax free and the interest element is subject to applicable tax However, based on tax rules and rates at the date of