How much tax will I pay on winning a Rs 10 Crore lottery in India?

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The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega

Factoring in Illinois' % tax, the final average payment would be $ million Feeling out of the loop? We'll catch you up on the Chicago As per Sections 194B and Section 115BB of the IT Act, a tax rate of 30% is charged on lottery winnings of over Rs 10,000 It is deducted by a

psychology of slot machines In addition, the Lottery is required to report to the IRS gambling winnings that are $600 or more, and After calculating your net winnings, the first thing the IRS will do is take 25 percent of your prize money for taxes This 25 percent is