taxes on lottery winnings calculator
Section 194B & 194BB
To calculate the amount you need to pay in Kentucky, enter your annual income and gambling winnings details into our gambling and lottery tax
Small Business Taxes For Dummies taxes on lottery winnings calculator
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As per section 115BB of the Income-tax Act,1961, the entire income from winning lotteries, games show, etc will attract tax at the rate of 30%
taxes on $2 million dollars lottery winnings the additional tax attributable to the lottery winnings could be as much as 37% of the total (since the top Federal rate is 37% — not % as
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