lottery tickets; in lieu tax

is there tax on lottery tickets
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The winning amount is tax free, however you will be charged when you put it in the bank or when inheritance tax is charged

At present, a 30 per cent tax deducted at source is levied from those who arrive at lottery offices directly to Lottery winnings are considered income and, like most other forms of income, are subject to taxation The Internal Revenue Service

california lottery news Under this section, TDS is deducted from any income earned as winnings from the lottery, crossword puzzles, card games, or other ways like The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a