Lottery Winnings FAQs

Not all states tax lottery winnings Of course, they are tax free in those states that don't have any income taxes at all: Texas, Florida, South

The lottery tax is applicable even if the winner's total annual income falls within the tax exemption slab No deductions are available under

if i win the lottery how much do i get For example: In Germany lottery wins are tax-free This is only the win itself Any earnings from the win are due to income-tax As germany does

if you win the lottery how much does the government take 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