Lottery Winnings: How much tax? How much can I give to family?

how much tax do you pay for lottery winnings
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As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a

puzzles, card game, and any other game of similar nature Thus, you must report income of INR 10,000 and pay tax on the same at the rate of 30%  No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?

putar slot online There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above Like all other taxable income, the IRS requires you to report prizes and winnings on your tax return, too That means you might have to pay