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On winning a 1 crore lottery in India, how much taxes do you pay?

On winning a 1 crore lottery in India, how much taxes do you pay?

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when you win the lottery how much goes to taxes
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Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The

How much tax do you pay on lottery winnings? In the , if you win a lottery of $600 or less, you don't have to report it If you win more than $5,000, you You'll still be taxed on your portion of the prize if everyone splits it Make documentation that the entire win is not just yours to avoid gift tax Have a

home lottery 10 lakh However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30 The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

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