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What is the Tax for Lottery Winnings Prize in Kerala? TDS

What is the Tax for Lottery Winnings Prize in Kerala? TDS

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tax for lottery
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Levy and collection of tax on lottery 60 per cent , of taxable turnover plus surcharge levied under section 15-1A or Rs 5,00,000, whichever is higher :

For non-resident aliens, current tax laws require that the Lottery withhold 30 percent in federal income taxes on all Lottery prizes and percent in According to federal and state laws, if you provide a social security number the Lottery withholds 28 percent from your prize winnings (24 percent federal; 4

free game online poker Is lottery & gambling income taxable? Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount

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