If I won a lottery of 20 crore, how much will I get after tax deduction

how much does lottery tax
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The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

While lottery winnings aren't taxable, you may be subject to taxes once you've deposited the funds or if you give any winnings as a gift Let's Flat Tax Rate*: Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act Surcharge and Cess: In addition to

resultat lottery new york midi You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize How much tax does the IRS take from lottery winnings? The IRS automatically withholds 30% of net lottery winnings in the US The rate at which