Sunday, October 16, 2016

The Final Amount the winner gets from "X-MAS NEW YEAR BUMPER" Prizes

Posted by Shreyas Associates
The Kerala lottery winner may think that, he will get the whole  prize which is offered in the Kerala lotteries. No that is not precisely correct. Kerala lottery department follows rules of taxation strictly. Kerala lotteries deductions commonly from the upper prizes are of  two types.

1) 10% of the winning amount as Kerala lottery agency commission. 
2) 30% of the amount after the deduction of Kerala lottery agency commission as income tax.

Income tax surcharge of 12% of the income tax may be deducted from the winning as in which the amount exceeds Rs.1 crore after above said 2 deductions.

Below we have given a table explaining the deductions of Kerala lottery "X-MAS NEW YEAR BUMPER" of a winner will get after .All the Kerala lottery prizes are awarded in lump sum.

KERALA STATE LOTTERIES
X-MAS NEW YEAR  BUMPER-2016
DRAW DATE : 15/01/2016 (FRIDAY)
Prize
No
Total Prize Amount

(Rs.)
Deductions from the Winner
Approximate
Amount  Paid
to the Winner (Rs.)
Agency
Commission (Rs.)
Income Tax
(Rs.)
1
4,00,00,000/-
40,00,000/-

1,08,00,000/-

2,52,00,000/-

2
10,00,000/-
1,00,000/-
2,70,000/-

6,30,000/-

3
5,00,000/-
50,000/-
1,35,000/-

3,15,000/-

4
1,00,000/-
10,000/-
27,000/-

63,000/-

5
10,000/-
Nil
Nil
10,000/-
6
5,000/-
Nil
Nil
5,000/-
7
1,000/-
Nil
Nil
1,000/-
8
500/-
Nil
Nil
500/-
9
200/-
Nil
Nil
200/-

In the case of Kerala weekly lottery "X-MAS NEW YEAR BUMPER", actually the winner has to suffer deductions in first 2 prize tiers only from 3rd to 8th prize and on consolation prizes nothing is deducted from the winner of Kerala lottery "X-mas New Year Bumper".

We publish Kerala lottery Results daily in our own website WWW.KERALALOTTERIES.INFO , so that we can provide you the exact results. Our website is mainoly mobile friendly website so that you can check your Kerala lottery results by using your moblie phone also. Kerala lottery results are also publishing daily be the official website of Kerala Government WWW.KERALALOTTERIES.COM. The results are usually published in the official site by 3.30 PM, but in our website WWW.KERALALOTTERIES.INFO we are publishing the live results of bthe Kerala lottery daily draw by 2.30 PM. D o visit our site ,We are always happy in satisfying customers. 
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