If I won a lottery of 20 crore, how much will I get after tax deduction
If I won a lottery of 20 crore, how much will I get after tax deduction
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A winner does not have to be a citizen in order to claim a prize Federal tax rates are subject to change and there may be an additional tax liability
Oregon withholds an 8% state tax on lottery prizes of $1,500 or more So, your lottery prize payout comes minus the 8% state tax The state reminds taxpayers Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries,
kerala lottery result 18.11 23 As previously mentioned, you have to pay federal income tax on lottery winnings Right off the bat, lottery winnings over $5,000 are subject to Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate
