what percentage of taxes are taken out of lottery winnings
Small Business Taxes For Dummies
what percentage of taxes are taken out of lottery winnings
what percentage of taxes are taken out of lottery winnings
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what percentage of taxes are taken out of lottery winnings Under Section 194B of the Income Tax Act, 30 per cent tax is deducted on any prize money in excess of Rs 10,000 and other winnings from games, The basic tax rate throughout India for lottery winnings is 30 percent The rate is specific for the taxation of lottery winnings The tax rate If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding
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