If you win 5 million in the lottery, will you take cash or punch in? What percentage should I deduct for tax deduction?
When you receive the prize, the lottery center has prepared a bonus for you. They will give you a bank card, and the bonus is in it. You can also ask for the bonus to be transferred to your own bank. When the winning amount exceeds 5,000 yuan, the state will deduct 20% of your winning amount as the tax burden, which means that if you win the 5 million prize, your after-tax bonus will be 4 million yuan.