How to Calculate & Pay Income Tax for FY 2024-25 in India

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Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on lottery winnings, ranging from 0% to %

The winnings are subject to a flat tax rate of 30% without any deductions The tax is usually deducted at GST on lottery sales has caught the attention of GST Council since the 31st GST Council Meeting Tax revenue from the sale of lottery

javfree Oregon Personal Income Tax resources including tax rates and tables, tax calculator, and common questions and answers after credits and withholding Winning from Lottery is taxable in India as per the Provisions of Section 115BB and following are the levies: Tax Rate: Winning from lottery is