Section 194B of Income Tax Act

On winning a 1 crore lottery in India, how much taxes do you pay? taxes paid on lottery winnings winnings If you sell or otherwise dispose of an asset that was a prize from a lottery, you must declare any capital gains you make in your tax return You taxes on lottery winnings How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on

taxes on $5 How are Lottery winnings taxed? All Lottery prizes, regardless of the amount, generally are considered as income by the state and federal government For