What is Tax on Kerala Lottery Prize Money?

lottery winnings taxable
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Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home

While the IRS automatically withholds tax on US lottery winnings, they won't do the same for foreign lottery winnings That doesn't mean they All must pay lottery tax of % with cess if the winning amount is above Rs 10000, regardless of their income, winnings, age,

chances of winning lottery playing same numbers Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket, Lottery winnings in India are not taxed as regular income, they are subject to a fixed flat tax of % Understand the tax on lottery and game show