Do you need to pay tax on lottery winnings?

what are the taxes on lottery winnings
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All must pay lottery tax of % with cess if the winning amount is above Rs 10000, regardless of their income, winnings, age,

US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax law

slot computador That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab