Income Tax Slab for FY 2022-23 and AY 2023-24

tax calculator on lottery winnings
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Incomes Agriculture Income Winning from lotteries 30% Deduction under chapter VIA: Deduction us 80C,80CCC

Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on lottery winnings, ranging from 0% to % TDS Rate: The TDS rate for lottery winnings is 30% us 194B of the winning amount For game show winnings,

all poker card combinations 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 Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on lottery winnings, ranging from 0% to %