Winnings - The Norwegian Tax Administration

do you pay tax on a lottery win   Dan doubloon island slot

If you win a 1 billion $ jackpot in US you pay around 450 mil -600 mil , and remaining can be transferred to India without any tax ,

Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you

new york lottery near me As per Section 194B of The Income-tax Act, 1961, if the prize money exceeds ₹10,000, then the winner will get the prize money after the You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize