On winning a 1 crore lottery in India, how much taxes do you pay?

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

So, when you take the cash option, you will end up with $374,954,812 after federal taxes Now it is the state's turn State tax rates on lottery

what does bb mean in poker The overall tax rate on earnings now becomes % If the total amount won exceeds Rs 10 lakhs, a further 10% surcharge is also applicable To

what is the lowest pair in poker Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare the winnings in your Income