Won a lottery or prize money in India? Here's what you need to know

how much does the lottery tax
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The Oregon Lottery withholds an 8% state tax on all prizes of $1,500 and more This means that the Lottery will pay your prize minus the 8% state tax This

While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding

how to play a poker tournament Let's say that you won Rs 20 crore in a lottery event You would first have to pay a 30 percent tax on that total The tax would be Rs 6

how to unlock second insured slot dmz How to calculate gambling duty ; 1 Totalisator betting in connection with horse racing, 25% x (Amount of bets received - Winnings paid out