Do you need to pay tax on lottery winnings?

do you pay tax on the lottery
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Any income received as prize money from a lottery is taxed under the head 'Income from Other Sources' As per Section 115BB, when a taxpayer's

The winnings from the games need to be more than Rs 10,000 If someone has won a game, a competition, or a lottery, they will have to know about Section 194B And there we have it, great news for you, no tax on your winnings! If you won big you can stay super rich for life providing you don't spend it all on fancy

live slot world Are winnings taxed? The Tax Laws Act reintroduced WHT on winnings at the rate of 20% What are winnings ? How much do I pay in taxes if I win 1,000,000? If your gross prize for lump sum payout is $1,000,000, you need to pay $334,072 in total tax ($240,000 federal