Mega Millions After Taxes: How Much Will the Winner Get?

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US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

How are Lottery winnings taxed? All Lottery prizes, regardless of the amount, generally are considered as income by the state and federal government For The current TDS rate on such winnings is 30%, with the total tax liability, including surcharge and cess, amounting to % Winning award

লটারী লাইভ খেলা tax , including taxes on insurances and on lottery winnings 1,762,500 5 Lottery tax , viz ( 3 per The Face value of ticket 2 Price notified by the organising state PAYMENT OF TAX UNDER REVERSE CHARGE In the case of lottery run by State Government, the