Monday, October 17, 2016

The Final Amount the winner gets from "MONSOON 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 rule 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 "MONSOON BUMPER" of a winner will get after .All the Kerala lottery prizes are awarded in lump sum.

Many of the Kerala lottery buyers are not aware of the approximate prize money that they get after winning the Kerala lottery, in fact it helps us to know and to beware of fraudsters.

KERALA STATE LOTTERIES
MONSOON BUMPER  -2016
DRAW DATE : 20/07/2016 (WEDNESDAY)
Prize
No
Total Prize Amount

(Rs.)
Deductions from the Winner
Approximate
Amount  Paid
to the Winner (Rs.)
Agency
Commission (Rs.)
Income Tax
(Rs.)
1
3,00,00,000/-
30,00,000/-

81,00,000/-

1,89,00,000/-

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

2,70,000/-

630,000/-

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/-
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In the case of Kerala weekly lottery "MONSOON 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 "Monsoon 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.

Kerala lottery results are also published in the official websites of Kerala lottery department www.keralalotteries.com and www.keralalotteries.gov.in. you can verify Kerala lottery results in main newspapers released on next day in Kerala. The final and authorized source of Kerala lottery results is the "government gazette" published by state government of Kerala. winner's of Kerala lotteries are requested to verify their results in the gazette before submitting the ticket for claim. Click her to go to Kerala Government gazette Page. We are publishing Kerala lottery results with utmost care, so there is no chance of errors in the result numbers published . Kerala lottery "live results are released from the drawing spot, so the result numbers will not be in ascending order. there may be some mistakes in live results due to communication errors. Kerala lottery live results are meant for informational and curiosity purpose only. you have to verify published in our site before destroying the tickets.
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