Withholding of lottery winnings, MCA

Publication 140-W - FAQS: New York State Lottery Winners - what amount of lottery winnings are taxable However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30% tax on lottery what are the odds on winning the postcode lottery According to Section 194B of the IT Act, 1961, a tax rate of 30% is applicable on lottery winnings exceeding Rs 10,000 This is treated

what a hoot slot How Our Lottery Winnings Taxed? California, unlike some other states, does not levy income tax on lottery tickets purchased within its borders