On winning a 1 crore lottery in India, how much taxes do you pay?

On winning a 1 crore lottery in India, how much taxes do you pay? how much of lottery winnings are taxed Winning, receiving a share of a win or being gifted money has no tax implications on the initial amount and does not need to be reported to us how much is a postcode lottery ticket You get two options when you win the lottery: Get a lump sum cash payout of your winnings, or get your jackpot paid to you annually over time

how much is a postcode lottery ticket Lottery winnings are taxed at a flat 30% rate in the states where it is legal to play and can be added an extra percentage depending on the

how much do slot machines make The agency commission of Kerala State lottery deducts an additional tax of 10% along with the income tax of 30% Tax For Lottery Winnings Prize Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you