GOODS AND SERVICES TAX ON LOTTERY IN INDIA

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Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

tax exemption) Note Complete Form Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous Receipts, and Income from Crime No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual

illinois lottery pick 4 winning numbers The Internal Revenue Service imposes a federal tax rate of 24%, and California's state income tax, with rates ranging from 1% to %, Example: If you won $10,000 but lost $15,000 You may deduct $10,000 California lottery We do not tax California Lottery or Mega millions