how much do they tax lottery winnings
What is the Tax for Lottery Winnings Prize in Kerala? TDS
how much do they tax lottery winnings
how much do they tax lottery winnings
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how much do they tax lottery winnings If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% Income tax is withheld at a flat 24% rate from The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega All must pay lottery tax of % with cess if the winning amount is above Rs 10000, regardless of their income, winnings, age,