How are Lottery Winnings Taxed?

State lottery: Govt levies 30 pc tax from those winning small prizes lottery winning tax However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30% tax on lottery lottery deadline How do I calculate lottery lump sum after taxes? · Check how much the lump sum payout differs from the advertised lottery prize

lottery now Amount of Taxes All lottery winnings are considered income and as such are taxed according to the applicable Federal, District, state and local laws The