How much money will you get after taxes if you win the Powerball

how much taxes are taken from lottery winnings
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how much taxes are taken from lottery winnings Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan ahead, and can have trouble paying their  However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30% tax on lottery  For example, if you have an interest income of Rs 5 lakhs per year and have won Rs 3 lakhs in prize money from a game show, the tax burden would be computed as

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