lottery tax deduction
Tax Deducted at Source : What is TDS, Meaning, Rates
lottery tax deduction
lottery tax deduction
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lottery tax deduction Meanwhile, other states have tax rates for lottery winnings that generally range from about 3% to almost 11% But in any case, once applicable taxes are taken 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% So, for example, if you end up paying 30% TDS on a lottery payment of Rs 300,000 , and this is your only income in the
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