Won Rs 1 crore, Rs 1 lakh or Rs 1000 from lottery, competition

how much taxes on lottery   Dan how much lottery money goes to taxes

How do lottery taxes work? ; 10% $0 to $11,600 10% of taxable income ; 12% $11,601 to $47,150 $1,160 plus 12% of the amount over $11,600 ; 22

According to estimates from , the winner of the publicized $ billion Powerball jackpot would earn $329,792,812, if they take the Money or property distributed under such plans or systems are not taxable gambling or lottery winnings Door Prizes Prizes that are given in a competition or

main slot tanpa modal The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn  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