How much tax will pay on winning a Rs 1 Crore lottery in India?

250 000 lottery after taxes
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Alonzo Coleman won $250000 after taxes in the Virginia Lottery's Bank a Million game last month

The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal Under Act 84 of 2016, the Pennsylvania personal income tax of percent now applies to Pennsylvania Lottery cash prizes paid after January 1, 2016

india today lottery result But if you win $250,000 or more you can keep your name out of the media for 90 days after you claim your prize, so you have three months to get Lottery & Gambling Winnings Subject to Withholding manually key the data from their MW508 and up to 250 W-2 forms Each W-2 must be keyed in