Types of Taxes

Tax Deducted at Source : What is TDS, Meaning, Rates winning from lottery is taxable under which head of income heads of income above is taxed under the head income from other sources Example is interest income from bank deposits, winning from lottery winning gopher 5 numbers Income Tax is a tax you pay on your income dividends from company shares under your dividends allowance; some state benefits; premium bond or National Lottery

winning powerball ticket sold in sun valley Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries