Won a lottery or prize money in India? Here's what you need to know

if u win the lottery how much is taxed   Dan if i ever win the lottery there will be signs meme

You may also be subject to a surcharge if you have a payout of more than Rs The surcharge is mainly for when you earn more money off of a

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 If you receive your winning in property or services, you will have to include the fair market value of your winnings on your tax return A Final Reminder About

best phone with sd card slot The payer will deduct 24% from your winnings on the spot if you win above a certain amount · You'll report your winnings and your tax payments when you file Note Income earned on any of the above amounts is taxable