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 tax on winning lottery Where lottery payments are made in installments over a period of years, the lottery winnings will be taxed as payments are received each year, thereby tax calculator for lottery winnings In contrast, taxes on lottery winnings vary widely between states They typically range from 3% to 6%, but go up to % in New York — the

tax calculator for lottery winnings Q: Are lottery prizes subject to taxation? A: Effective August 13th 2018, lottery winnings are subject to taxation ; Q: What is the rate of tax? A: Ten percent

taxes on $1 million dollars lottery winnings If you win a 1 billion $ jackpot in US you pay around 450 mil -600 mil , and remaining can be transferred to India without any tax , That is unless your regular household income already places you in the top tax bracket prior to winning In that case, all of it is taxed at 37% This can be