The way Lottery Winnings are Taxed in India

Dennis Ensing on LinkedIn: How much tax do you pay on lottery how much are lottery winnings taxed Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home how old was michael jackson when he made thriller How much are lottery winnings taxed? When you win the lottery, your winnings are considered ordinary taxable income Your prize money is taxed

how to play tambola game in mobile As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount