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

how much taxes is taken out of lottery winnings
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What Do I Need from the Lottery in Order to File My Tax Return? As a Many winners have shared their winnings with their favorite charities You may

Again, gifted lottery winnings themselves are not taxable But if you use the amount to generate income, some forms of taxes will apply Capital gains from it US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

idaho lottery powerball numbers And in all likelihood, at least one state is going to win big twice That's because lottery winnings are generally taxed as ordinary income at New Jersey Income Tax is withheld at an amount equal to three percent of the payout for both New Jersey residents and nonresidents (