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

The withholding or deposit percentage on account will be 20% The withholdings will be deposited using form 230 and will be included on the

Money and finances Income earned on any of the above amounts is taxable

how long are lottery tickets valid for Lottery winnings are considered taxable income for federal tax purposes and your winnings are taxed the same as your wages or salary Most prize winners pay a

how to play set for life lottery uk If you are a nonresident, Wisconsin Lottery winnings are taxable to Wisconsin gambling session and the amount of money they brought