Tax on Lottery Winnings and Game Show Winnings in India

Lottery Tax Calculator: How Your Winnings Are Taxed tax rate on lottery winnings Lottery and Gambling Winnings · 5% for Lottery payouts between $10,001 and $500,000; · 8% for Lottery payouts over $500,000; and · 8% for tax rate on lottery winnings in india The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of 5% from all payments of reportable Connecticut lottery winnings made to

tax for winning lottery A health and education cess at 4% of the total tax is imposed in addition to the introductory rate of 30% Consequently, % is the effective tax on lottery