Tax on Winning Game Shows & Lotteries

When we talk about a tax on lottery winnings, Federal tax withholding of 24 percent is automatic on jackpot payouts exceeding $5,000 less the

India Interest from others 7 Interest from income tax refund 8 Rent on plant & machinery 9 Winnings from lottery or crossword puzzle us

tax lottery calculator Lottery winnings are taxable in India under the Finance Act of 1986 and Income Tax Act at a flat 30% rate There is an extra percentage

taxes from lottery winnings The taxability of any income in India depends on the residential status of the person If a person is a resident of India, his entire