Withholding of lottery winnings, MCA

lottery win tax
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Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

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 how much tax on lottery winnings in india 1 No Risk: Since you don't need to make a deposit to receive the bonus, there is no risk involved

us green card lottery 2025 A: Ten percent Q: What is the Lottery Winnings Tax? A: It is a tax charged on all prize money While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding