Connecticut Income Tax Treatment of State Lottery Winnings -

As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of

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%

lottery sambad 06 03 24 The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal

lottery apps lottery apps The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn