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

Income Tax Payable On Winnings From Game Shows, Puzzles and income tax on lottery
➡️【Mk.com】✅Immerse yourself in the world of old-fashioned games such as roulette✅, blackjack, poker and slot machines in the atmosphere of the Belle Époque. ✅  Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37% income from winning of lottery is taxable under Example: If you won $10,000 but lost $15,000 You may deduct $10,000 California lottery We do not tax California Lottery or Mega millions

income tax on lottery winnings in india As per the Income Tax rules, money won in a lottery or any competition is taxable You will have to pay a flat 30 per cent of the winning amount