How much tax do you pay on mega millions winnings in india

How much tax do you pay on mega millions winnings in india?

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326.6K views 2023-10-02 14:26:43 05:33

Answer:

' the winner of the lottery must also submit the TDS certificate as proof that all the taxes due against the prize money are paid. A flat 30% TDS is deducted at the time the winning amount is disbursed to the winner. with cess and surcharge, the actual rate for non-refundable TDS deduction will be 31.2%.

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Can we play mega millions from india?

Answer: You can buy Mega Millions tickets online at most online lottery websites in India. Since Mega Millions is a US lottery, physical tickets are restricted to US residents. To buy a Mega Millions ticket from India, you'll want to sign up to an online lottery website licensed to sell them.


2024-02-09 00:55:01

Can you stay anonymous after winning mega millions in arizona?

Answer: According to the Arizona Lottery
Arizona Lottery
The Arizona Lottery is a state agency of Arizona in the southwest United States. It is a member of the Multi-State Lottery Association (MUSL). Lottery draw games include Mega Millions, Powerball, The Pick, Fantasy 5, Pick 3, and Triple Twist. A variety of instant scratch tickets, or Scratchers, are also offered.
https://en.wikipedia.org › wiki › Arizona_Lottery
Arizona Lottery - Wikipedia
, the names of those who win $600 or more are confidential for 90 days after the prize has been awarded and are not public information during that time. If you win $100,000 or more, your name can remain confidential permanently.


2024-02-05 10:05:18

Can i play mega million from india?

Answer: You can buy Mega Millions tickets online at most online lottery websites in India. Since Mega Millions is a US lottery, physical tickets are restricted to US residents. To buy a Mega Millions ticket from India, you'll want to sign up to an online lottery website licensed to sell them.


2024-01-13 02:33:50

How much taxes do you pay for mega millions in florida?

Answer: If you buy a winning Mega Millions ticket in California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming, there's some good news for you: those states do not tax lottery winnings. This means if you live in those states and win, you will get $139,267,045.


2023-10-19 10:54:36

How much tax do you pay on slot winnings in usa?

Answer: All of these require giving the payer your Social Security number, as well as filling out IRS Form W2-G to report the full amount won. In most cases, the casino will take 24 percent off your winnings for IRS gambling taxes before paying you. Not all gambling winnings in the amounts above are subject to IRS Form W2-G.


2023-09-02 08:56:09
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