Tallying Up the Taxes on Lottery Winnings - TurboTax

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Tax Band 2: Prizes between RON10,001 and RON66,750 are subject to a flat tax of RON300 and a tax rate of 20% on the amount that exceeds RON10,000 Tax Band 3:

Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat, Winning lottery does not invite taxes in UK directly however once the amount is submitted in bank as savings account, Income Tax is charged

麻生千春 As per Section 194B of The Income-tax Act, 1961, if the prize money exceeds ₹10,000, then the winner will get the prize money after the Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,