Directive 86-24: Lottery Winnings; Lottery Tickets -

taxes taken out of lottery winnings
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Lottery winnings in India are not taxed as regular income, they are subject to a fixed flat tax of % Understand the tax on lottery and game show

Gambling and lottery winnings and losses · You don't report your gambling income net of expenses, though · Instead, you must report your gambling It's very important to pay the necessary taxes on lottery or prize money winnings in order to prevent fines and other legal repercussions Such

slot machine games win real money Gambling and lottery winnings and losses · You don't report your gambling income net of expenses, though · Instead, you must report your gambling If you receive a reward or winnings in kind, the item's market value is taken into consideration The amount of tax is then calculated based on