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

lottery income tax rate
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winnings If you sell or otherwise dispose of an asset that was a prize from a lottery, you must declare any capital gains you make in your tax return You

Taxes on Poker Winnings will be taxable at 30% the highest tax bracket Q- Can income tax deducted from lottery winnings be claimed as a refund? The tax on lottery winnings, crossword puzzles, card games, etc is a flat rate of 30% After adding the health and education cess of 4%, the

winning michigan lottery numbers If you are a resident of New York City or Yonkers, the prize payment is also subject to city withholding at the city's highest effective rate of tax To However, you'll be happy to learn that there is no California state or local tax withholdings The withholding rate for federal income tax is based, in part,