What is Tax on Kerala Lottery Prize Money?

lottery prize tax
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Lottery tax in Kerala, including cess and surcharge, stands at % So the Kerala lottery tax rate will be % of Rs 1 crore, that is, Rs

The federal government withholds 24% of your winnings immediately You may owe additional federal taxes depending on your overall tax bracket Each state also 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% tax on lottery

lucky lottery guessing Alappuzha: The state government has begun levying tax from those who win small prizes several times through lottery draws A 30 per cent tax Where prizes of goods or services are given in taxable competitions, no further tax is due Prizes of services awarded in free lotteries or as bonus prizes in