Quick Answer: How much commission does a lottery retailer get in Kerala?

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.

What is the commission of lottery agent in Kerala?

How much money will I get from Kerala lottery?

Kerala Lottery Prize Tax Agent Commission ;
1st Prize
Karunya Saturday 1st Prize- Rs:80,00,000/- (No. of Prize 1) Rs.40/- • First prize – Rs 80 lakhs • Agent commission – Rs 10 lakh • Income tax – Rs 21.60 lakh • Prize money the winner gets – Rs 50.40 lakhs
2nd Prize

How can I start lottery agency in Kerala?

Any Keralaite who is above the age of 18 can become an agent of Kerala State Lotteries . A person who applies in the prescribed form along with the necessary fees of Rs 335/- (Three Hundred and Thirty Five only) and two passport size photos at the District Lottery Offices can become an agent.

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How much tax is deducted from Kerala lottery winnings?

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.

Can other state person buy Kerala lottery?

8. Can Kerala Lottery be sold outside of the state? No. No agent shall sell the tickets of the Kerala State Lotteries outside of the state directly or indirectly.

Is Kerala lottery online genuine?

As per the regulatory conditions, no Kerala lottery tickets should be sold or purchased online. The seller and the buyer should handover the ticket physically within the state itself.

How can I claim my Kerala lottery prize?

Prizes up to Rs. 1Lakh may be claimed from the District Lottery Offices concerned. Prize winning tickets above Rs.

Prize Claim.

1 A claim application along with a Photostat copy of both sides of the ticket, self attested.
2 Two Passport size photographs of the prize-winner duly attested by a Gazetted Officer/Notary.

How many bumper lottery are there in Kerala?

The Onam Bumper lottery is one of Kerala’s biggest cash flows. The state government conducts four festival bumper draws, each on Onam, Vishu, Pooja/Dussehra and Christmas. There are two seasonal jackpots -monsoon and summer bumper draws -seven daily and multiple bumper draws.

What is TDS full name?

Tax Deducted at Source (TDS)

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Do I need to pay taxes if I win the lottery in Dubai?

Winnings from lottery are taxable at a flat rate of 30%. This rate is applicable for the winnings in cash as well as in kind (i.e. car). … He will be required to pay 30.9% tax on the value of the Car.