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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Such gains are subject to taxation under the Income from Other Sources heading Taxes that are due must be paid, or else fines and legal
However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30% tax on lottery If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get
my lottery dream home season 14 Yes Gamblinglottery winnings are subject to Michigan individual income tax to the extent that they are included in your adjusted gross income The Michigan pay Nevertheless, your employer will take into account the tips you report when figuring how much to withhold from your regular pay See chapter 6 for
