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

how much is the lottery taxed   Dan how to apply for dv lottery

Use the lottery tax calculator to estimate the tax amount deducted from a lottery prize, received as either a lump sum or through annuity payments

Like the IRS, most states treat lottery and gambling winnings as income subject to tax, so the total amount of tax you owe from your winnings However, that's not all Lottery winnings also count as income, so by winning the jackpot, the ticketholder has been pushed into the 37% tax

national lottery advert The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn  According to estimates from , the winner of the publicized $ billion Powerball jackpot would earn $329,792,812, if they take the