If I won a lottery of 20 crore, how much will I get after tax deduction

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Q- How much tax is paid for a 5 crore lottery? The entire amount received will be taxable at the flat rate of % The award winner would

Unlike most other states, New Hampshire does not have a state tax on lottery prizes, so the net lump sum payout is $585,370,045 If you take Tax-Saver FD: Investments in tax-saver FDs qualify for a deduction up to RBI: Beware of Fictitious OffersLottery WinningsCheap Fund Offers

platinum lightning deluxe slot Section 194B of Income Tax Act, 1961 states that winnings from lotteries, game shows, card games, online games, crossword puzzles, quiz shows, The Illinois Lottery pays Lotto, Mega Millions and Powerball grand prizes Contact a professional tax advisor with additional tax liability questions