do you get taxed if you win the lottery
Are gamblinglottery winnings subject to Michigan individual income
do you get taxed if you win the lottery
do you get taxed if you win the lottery
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do you get taxed if you win the lottery 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 Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax, Before you submit the paperwork for your lump sum or annuity, you need to consider the tax implications carefully Cash winnings will be taxed
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