What the lottery sells — and who pays

income from lottery
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While some states impose taxes on lottery winnings, others do not This discrepancy can significantly impact the amount of money a lottery winner ultimately

Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare the winnings in your Income

income from lottery Lottery winnings in India are not normally taxed as regular income; rather, they are subject to a fixed flat tax of 30% Section 194B of the

income tax on lottery winnings States promote lottery games as ways to raise revenue — that ticket bought at the gas station isn't a giant waste of money, it's actually a way