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  2. statelottery.kerala.gov.in › index › prize-claimPrize Claim - Directorate of Kerala State Lotteries

    It was late Shri. P. K. Kunju Sahib, who envisaged this idea for the generation of revenue through the sale of lotteries and for providing a stable source of income to the poor and needy belonging to the marginalized section of society.In the year 1967 ,September 1 Department started functioning with Shri. P. K. Seydu Mohammed as the founder Director ,released first Lottery Ticket of Kerala with a cost of Rs 1 after declaring of Rs 50,000/-as the first prize .

  3. keralalotteries.org › post › how-to-claim-keralaComplete Guide: How to claim Kerala lottery (weekly & bumper ...

    1. Check Your Kerala Lottery Ticket: First and foremost, ensure that you have a valid prize-winning ticket. Please double-check the number and draw date with the government gazette and newspapers, to confirm your win. 2. Confim Winning Amount: Different prizes have varying claiming procedures based on the prize amount.

  4. cleartax.in › s › lottery-tax-in-keralaLottery Tax in Kerala: What is Tax on Kerala Lottery Prize Money?

    Jun 11, 2024 · Kerala Lottery Tax Percentage. Over and above the Kerala lottery prize tax of 30%, and 4% cess will also be applicable. This brings the effective taxation rate to 31.2%. In the case of the winnings exceeding Rs. 10 lakh, an additional 10% surcharge is also applicable.

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  6. vakilsearch.com › blog › what-is-the-tax-for-lotteryWhat is the Tax for Lottery Winnings Prize in Kerala? TDS

    • Tax For Lottery Winnings Prize in Kerala
    • Different Lottery Tax For Kerala
    • Conclusion
    • Also, Read

    Prizes and honors that have not gained official clearance is subject to a 30% tax. Additionally, a cess rise in tax rate will be required. The appropriate cess tax is 4% on all amounts over 30%, making the total tax rate 31.2%, which is 30% + (4% of 30%). This rate would be applicable no matter what the person’s tax slab rate was. This means that e...

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    The above table contains the list of the popular Kerala lotteries along with their respective income tax amount, that is supposed to be deducted from the prize money. The first prize in Kerala lottery Pournami is worth ₹80 lakhs. The agent commission for this amount is ₹8 lakhs, and the income tax amount is ₹24 lakhs. So, after the tax deduction, t...

    See full list on vakilsearch.com

    Every kerala lottery price reward is subjected to taxation. A responsible citizen should always keep in mind that whatever prize money is received from the kerala lottery, taxation will always be charged upon it. According to the Income tax act, one is required to pay the due tax imposed on prize money within due time to avoid penalties.

    See full list on vakilsearch.com

    File ITR Even If Income Is Not Taxable
    What is Self Assessment in Income Tax?
    How to pay TDS for Interest on Fixed Deposit?
    Types of Return in Income Tax

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  7. keralalotteries.org › post › kerala-lotteryKerala Lottery - Frequently Asked Questions

    There are two types of lottery tickets available, weekly lottery and bumper lottery. Ticket price varies based on the prize money and number of prizes offered. Kerala Weekly lottery tickets are usually sold for Rs.40 to Rs.50, each. Kerala Bumper Lottery tickets are sold anywhere between Rs. 250 to Rs. 500, each.

  8. www.freepressjournal.in › india › kerala-lotteryKerala Lottery Result: September 28, 2024 - Karunya KR-673 ...

    6 hours ago · The prizes of the Kerala Lottery are as follows: 1st Prize: ₹80,00,000 ... Winners are advised to take the winning ticket and a valid ID to claim their prize money. Read Also. Kerala Lottery ...

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  10. news.abplive.com › states › keralaLIVE | Kerala Lottery Today (28/09/2024) Result: KARUNYA KR ...

    17 hours ago · Kerala Lottery Result Saturday (September 28, 2024): The Government of Kerala oversees the Kerala State Lotteries program. It was founded in 1967 and is the first of its kind in India, operating under the Kerala government's lottery department. The Government of Kerala launched the Kerala State Lotteries in 1967 after banning all private lotteries.