Tax Planning for Lottery Winners

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whether the Government is aware that the State of Kerala has fixed a Goods and Services Tax rate  134 votes, 143 comments 59K subscribers in the IndiaTax community A subreddit for all tax related queries and discussion in India

kerala lottery ticket result number The reason behind the differing tax policies on lottery winnings stems from the autonomy granted to individual states regarding their taxation systems Each Lottery and Gambling Winnings · 5% for Lottery payouts between $10,001 and $500,000; · 8% for Lottery payouts over $500,000; and · 8% for