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Won a lottery or prize money in India? Here's what you need to know

Won a lottery or prize money in India? Here's what you need to know

Daftar how much do you get taxed on lottery winningshow much do you get taxed on lottery winnings
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First, any prizes above $5,000 will be hit at least with a 24% federal tax, regardless of which state you are in The winner may owe additional

Besides the time-value-of-money discount rate, a lump-sum payout also results in federal tax of 37% on every dollar over $539,900

how to win a jackpot on a slot machine Lottery winnings in India are subject to a flat 30% tax rate This means that if you won 20 crore, you would have to pay 6 crore as tax,

how to pick a lottery ticket Yes, lottery winnings are taxable under state and federal law In Pennsylvania, all lottery winnings are subject to the commonwealth's %

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