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

if i won the lottery how much would i get
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If you choose to take the lump sum payout, a $ billion jackpot is really worth about $930 million That's because $930 million is the actual

If the amount of the award or the prize is more than INR 10,000, TDS would have to be deducted from the winnings before paying it to the winner

if i win the lottery what should i do How do lottery taxes work? ; 10% $0 to $11,600 10% of taxable income ; 12% $11,601 to $47,150 $1,160 plus 12% of the amount over $11,600 ; 22

if i win the lottery i won''t tell anyone but there will be signs If you win an amount that exceeds , then the amount is subject to TDS as per the Income Tax Act 1961 The prize money is taxable at 30%