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what is the tax rate for lottery winnings

what is the tax rate for lottery winnings

Lottery Tax Calculator: How It Works, What You Owe what is the tax rate for lottery winnings How do lottery taxes work? ; 10% $0 to $11,600 10% of taxable income ; 12% $11,601 to $47,150 $1,160 plus 12% of the amount over $11,600 ; 22 what was saturday''s lottery numbers Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to

what is the difference between poker and texas holdem No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?

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