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

website how much taxes taken out of lottery winnings 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 how to play poker chips 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

how much taxes taken out of lottery winnings Regardless of which option the player takes, the IRS takes a minimum 24% federal withholding tax upfront on lottery winnings That's a big chunk  US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government  In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

Share

Share

Link

Turn off sharing Copy link

See all details