Section 194B of Income Tax Act

do you pay tax if you win the lottery
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If an individual receives a lottery win in Australia it is generally deemed a one off prize and not taxable The website advises

But even if the tax agency does not impose taxes on lottery winnings themselves, some circumstances can still lead to recipients paying taxes If they invest it With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after

1 crore lottery result today HM Revenue & Customs doesn't regard lottery winnings as income, so all prizes are tax-free If your amount is higher, you might have to pay almost 40% as inheritance tax Is Lotto winning tax free? The winning amount is tax