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Do I need to pay tax on my winnings?

Do I need to pay tax on my winnings?

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how much tax on lottery
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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

All winnings from an out-of-state lottery are taxable for New Jersey gross income tax purposes, regardless of the amount Page 2 7 ) Q Will the New Q- How much tax is paid for a 5 crore lottery? The entire amount received will be taxable at the flat rate of % The award winner would

online games poker free As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount Depending on the state you're in, you may get more taxes on top of that Luckily in California, there is no state tax on lottery prizes

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