On winning a 1 crore lottery in India, how much taxes do you pay?

do you pay tax on the lottery   Dan does target sell lottery tickets

You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize

At present, lotteries run by state governments attract 12% GST while those authorised by them and sold outside the state are taxed at 28% The Lotteries ( As previously mentioned, you have to pay federal income tax on lottery winnings Right off the bat, lottery winnings over $5,000 are subject to

lottery sambad 7.1.24 Which means 50% of that increase in value would go into your income to be taxed There is however a way to avoid the tax through the principle residence The Pennsylvania Lottery will automatically withhold PA personal income tax on prizes greater than $5,000 claimed after July 12, 2016 Winners of over $600