How much would the $ billion Powerball jackpot's tax bill be?

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The motor car won by you in the draw also falls in the category of lottery Payer of such income is required to deduct tax at a flat rate of

TDS Rate: The TDS rate for lottery winnings is 30% us 194B of the winning amount For game show winnings, You can find information on, among others, the rates in the Explanation for the Betting and lottery tax return form What do you pay betting

italian poker sites Lottery wins are subject to a 30% TDS rate However, the TDS rate increases to % (including surcharge and Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries,