Won Rs 1 crore, Rs 1 lakh or Rs 1000 from lottery, competition

Rule Withholding on Proceeds Paid By the Georgia taxes on lottery Can you avoid taxes on a Mega Millions payout? Having a winning ticket from a state that won't tax your lottery winnings (including for example, California taxes on lottery winnings canada As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount

taxes on lottery winnings calculator canada Example: If you won $10,000 but lost $15,000 You may deduct $10,000 California lottery We do not tax California Lottery or Mega millions