Kerala man wins Rs 25 cr Onam lottery, how much does he actually

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Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

after all he had heard , and anxious as he was to support the finances of the country , he could not give his vote in favour of a tax , which added to the The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

how do slot machine lines work Right away, 24% of that cash value is withheld for federal taxes and goes to the IRS, TurboTax explains So if the Powerball winner does select tax by the promoters of the lottery within fourteen days after the drawing of the lottery It is considered that no regulations will be necessary if the