Tax on Lottery: अगर लग जाए करोड़ों की लॉटरी तो सरकार काट लेगी भारी

lottery tax deduction
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Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%

You cannot complete any tax deductions on the lottery winnings you receive You have to pay the taxes for those winnings in full The point is

lottery mudivugal Lottery winnings Interest Less Deduction u s 80C Add : Agricultural Income Tax on 6,05,300 : Tax on LTCG ₹ 37,500 @ 20 % Tax on Lottery winnings

lottery sambad 1 tar Gambling winnings do not include state lottery winnings State-conducted lottery means a lottery conducted by an agency of a state acting under authority of