How much money will you get after taxes if you win the Powerball
Do I have to pay taxes on my winnings? Yes All prize winnings are subject to federal and state income tax withholding State tax of % is automatically
Tax on winning lottery, puzzle, card game, horse race how much tax do you pay for lottery winnings
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For example, if you have an interest income of Rs 5 lakhs per year and have won Rs 3 lakhs in prize money from a game show, the tax burden would be computed as
how to stay safe after winning the lottery 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