Gambling and Lottery Winnings

As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a

When you have gambling winnings, you may be required to pay an estimated tax on that additional income For information on withholding on gambling winnings,

how to increase your chances of winning the lottery australia There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above

how many spins on a slot machine Although the winnings itself is tax-free There are some taxes to pay after you get the winnings The tax people always get their cut, doh!