Powerball Jackpot Winner Will Get a Hefty Tax Bill

Income tax payable on winnings from online, offline games of chance income tax on lottery winnings While lottery winnings aren't taxable, you may be subject to taxes once you've deposited the funds or if you give any winnings as a gift Let's income tax on lottery winnings in india This section levies a flat tax rate of 30% in addition to 4% Cess, which comes to % Lets have a look at Income Tax on winnings from

income tax on lottery winnings Income from game shows and lotteries is counted separately from the rest of one's income for taxation purposes Winnings from such sources fall