Income Tax Slab for FY 2022-23 and AY 2023-24

Understand the implications of income tax on various types of winnings from lottery, game show winnings, puzzle contests, awards, and prizes

Federal Tax on Lottery Winnings · If income is $11,000 or less: 10% · If income is $11,001-$44,725: 12% · If income is $44,726-$95,375: 22% · If

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