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The way Lottery Winnings are Taxed in India -

The way Lottery Winnings are Taxed in India -

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how many percent tax on lottery winning
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The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

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 How much of my winnings are taxable? So you won the lottery? Well now you have to report your prize to the IRS via Form W-2G The IRS charges

dogs playing poker painting original price 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 Q- How much tax is paid for a 5 crore lottery? The entire amount received will be taxable at the flat rate of % The award winner would

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