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Kerala Lottery Agent Commission Prize Tax


Published on Oct 27, 2020

Kerala Lottery Agent Commission Prize Tax Revised on 1st March 2020


Kerala Lottery Agent Commission Prize Tax : Kerala Lotteries : The first prize winner can take home 63 per cent of the prize money, according to the data provided by the Directorate of Kerala State Lotteries via the Right To Information Act. While agency commission is 10 per cent of the prize money, the income tax would come up to 30 per cent of the money after the agency commission is deducted.




While agency commission is 10 per cent of the prize money, the income tax would come up to 30 per cent of the money after the agency commission is deducted. The first prize winner can take home 63 per cent of the prize money, according to the data provided by the Directorate of Kerala State Lotteries via the Right To Information Act.

Revised Prize Structure for Kerala State Lotteries

Pournami

Kerala state lottery Pournami has the first prize of Rs. 70 lakhs, the second prize of Rs. 5 Lakhs, the third prize of Rs. 2 Lakh, and a consolation prize of Rs. 8000. The price of a single ticket of the lottery is Rs. 30 and that of a book is Rs. 750. The draw for Pournami Kerala lotteries are held on Sunday.

• First prize - Rs 80 lakhs

• Agent commission - Rs 8 lakhs

• Income tax - Rs 24 lakhs

• Prize money the winner gets - Rs 56 lakhs.

Win Win

Kerala lottery called Win Win has the first prize of Rs. 65 lakhs, the second prize of Rs. 10 Lakhs, the third prize of Rs. 1 Lakh and a consolation prize of Rs. 8000. The price of a single ticket of the lottery is Rs. 30 and that of a book is Rs. 750. The draw for Win Win Kerala lotteries are held on Monday.

• 1st Prize: 75,00,000

• Agent's commission on Prize (Rs) : 7,50,000

• 2nd Prize: 5,00,000

• Agent's commission on Prize (Rs) : 1,20,000

Summary

• First prize - Rs 75 lakh

• Agent commission - Rs 7.5 lakh

• Income tax - Rs 22.50 lakh

• Prize money the winner gets - Rs 52.50 lakh

Sthree Sakthi

Kerala state lottery Sthree Sakthi comes with the first prize of Rs. 70 lakhs, the second prize of Rs. 5 Lakhs, and a consolation prize of Rs. 8000. The price of a single ticket of Sthree Sakthi is Rs. 30 and that of a book is Rs. 750. The draw for Sthree Sakthi Kerala lotteries are held on Tuesday.

• First prize - Rs 75 lakhs

• Agent commission - Rs 7.5 lakh

• Income tax - Rs 22.50 lakh

• Prize money the winner gets - Rs 52.50 lakh

Akshaya

Akshaya Kerala lottery has the first prize of Rs. 60 lakhs, the second price is Rs. 5 lakhs, and the third price is Rs. 1 lakh. The consolation prize of the lottery is Rs. 8000. The price of s single ticket is Rs.30 and that of a book is Rs. 750. Kerala state lotteries Akshaya are drawn on Wednesday.

• First prize - Rs 70 lakhs

• Agent commission - Rs 7 lakhs

• Income tax - Rs 21 lakhs

• Prize money the winner gets - Rs 49 lakhs

Karunya Plus

Karunya Plus Kerala lottery has the first prize of Rs. 70 lakhs. Its second prize is for Rs. 5 Lakhs and the third prize is for Rs. 1 Lakh. The consolation prize for Karunya lottery is Rs. 8000. The price of a single ticket of this lottery is Rs. 40 and that of a book is Rs. 1000. Karunya Plus Kerala lottery draw is held every Thursday.

• First prize - Rs 80 lakhs

• Agent commission - Rs 8 lakhs

• Income tax - Rs 24 lakhs

• Prize money the winner gets - Rs 56 lakhs

Nirmal Weekly

Nirmal Kerala State lottery has the first prize of Rs. 60 lakhs. The second and third prizes for this lottery are Rs. 5 Lakhs and Rs. 1 Lakh, respectively. Its consolation prize is Rs. 8000. One can buy its single ticket for Rs. 30 and the entire book for Rs. 750. The draw for Nirmal Kerala lotteries is held on Friday.

• First prize - Rs 70 lakhs

• Agent commission - Rs 7 lakhs

• Income tax - Rs 21 lakhs

• Prize money the winner gets - Rs 49 lakhs

Karunya

Karunya Kerala state lotteries carry the first prize worth Rs 80 lakhs, while the second and third are of Rs 5 lakh and Rs 1,00,000 respectively. The consolation prize is Rs 8,000. Participants can buy a single ticket for Rs. 40 and a full book for Rs. 1000. The draw for Kerala state lotteries Karunya is held on Saturdays.

• First prize - Rs 80 lakhs

• Agent commission - Rs 8 lakhs

• Income tax - Rs 24 lakhs

• Prize money the winner gets - Rs 56 lakhs

Thiruvonam Bumper 2020

• First prize - Rs 12 crore

• Agent commission - Rs 1.2 crores

• Income tax - Rs 3.60 crores

• Prize money the winner gets - Rs 8.40 crores

Summer Bumper 2020

• First prize - Rs 6 crore

• Agent commission - Rs 60 lakhs

• Income tax - Rs 1.80 crore

• Prize money the winner gets - Rs 4.20 crores

Vishu/Monsoon Bumpers

• First prize - Rs 5 crore

• Agent commission - Rs 50 lakh

• Income tax - Rs 1.35 crore

• Prize money the winner gets - Rs 3.15 crore


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