What is the Tax for Lottery Winnings Prize in Kerala? TDS

lottery winnings taxable
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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

Gambling and lottery winnings and losses · You don't report your gambling income net of expenses, though · Instead, you must report your gambling

lottery sambad tarike Winning lottery does not invite taxes in UK directly however once the amount is submitted in bank as savings account, Income Tax is charged

lottery illinois pick 4 State lottery winnings are reportable to the IRS where the State agency conducting the lottery requires a winner to complete federal Form W-2G, Certain Gambling