Income tax payable on winnings from online, offline games of chance

Publication 140-W - FAQS: New York State Lottery Winners - how much taxes do you pay on lottery winnings Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %, how do you know if a slot machine is hot For example, if you have an interest income of Rs 5 lakhs per year and have won Rs 3 lakhs in prize money from a game show, the tax burden would be computed as

how to become a better poker player Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan ahead, and can have trouble paying their taxes