The way Lottery Winnings are Taxed in India -

lottery winnings tax rate
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California does not tax lottery winnings If individuals win the lottery in California, they are not required to pay state taxes on their winnings However,

Where you purchase your winning ticket matters due to state income and withholding taxes While lottery winnings are subject to state income tax

lottery chances of winning The IRS views lottery winnings as ordinary income The top tax winning the lottery would bump the winner — has a 37 percent tax rate

lottery sambad 9 5 2024 The Internal Revenue Service imposes a federal tax rate of 24%, and California's state income tax, with rates ranging from 1% to %,