Kerala Lottery Prize Winner Tax and Agent Commission.

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.

Agent commission for kerala lottery

According to Kerala State Lottery Agents and Lottery Sellers Welfare Fund Board, the number of sellers or agents are growing in tune with the growth in ticket sale. S Kaneshyas, member of the.

Agent commission for kerala lottery

You can order tickets through online and We deliver it by post.

Agent commission for kerala lottery

After tax and agent commission he’s likely to get around between Rs 7 and 8 crore. Interestingly, tax on liqour (it is 300 per cent in Kerala) and revenue from lottery are major earnings of the.

Agent commission for kerala lottery

KeralaLotteryResult.net, kerala lottery kl result, yesterday lottery results, lotteries results, keralalotteries, kerala lottery, keralalotteryresult, kerala lottery.

Agent commission for kerala lottery

According to Kerala State Lottery Agents and Lottery Sellers Welfare Fund Board, the number of sellers or agents are growing in tune with the growth in ticket sale. S Kaneshyas, member of the Board, said when the CPI(M)-led LDF government assumed office in 2016, there were 38,000 registered vendors. The figure, Kaneshyas said, is 70,000. “Of them, at least 55,000 are actively engaged in the.

Agent commission for kerala lottery

Kerala lottery tax deduction 30 % and agent commission 10%. Prizes up to Rs. 1Lakh may be claimed from the District Lottery Offices concerned. Prize winning tickets above Rs.1 Lakh shall be surrendered before the Director of State Lotteries after affixing the signature, name and address of the prize winner on the back side of the tickets with the following documents. 1. A claim application.

Small Savings Schemes: Investing through agent? Your money.

Agent commission for kerala lottery

Nirmal NR30 Kerala Lottery Result:. In fact, the person will be awarded with 70 lakhs after GST Value as well as agent commission of the same. The second prize for Nirmal NR 29 was awarded for NV 540646 in the same declaration center THIRUVANANTHAPURAM. Other Prize money will be awarded with respect to 4 digit lucky member of the Kerala Nirmal Lotteries NR29. If you missed the result.

Agent commission for kerala lottery

Welcome To Directorate of Kerala State Lotteries. Kerala, the Gods own country, added another first to its cap in 1967, when a lottery department was setup for the first time in India. The right idea came from the then Finance Minister of Kerala, the late Shri. P. K. Kunju Sahib, who envisaged revenue from sale of lotteries as a major source of non-tax revenue for the state, at the same time.

Agent commission for kerala lottery

Kerala lottery prize-winner of a lottery shall surrender the prize-winning ticket within 30 days of the draw with all necessary documents. Prizes up to Rs. 1 Lakh can claime from the District Lottery Offices. Prize winning tickets above Rs.1 Lakh shall be surrendered before the Director of State Lotteries after affixing the signature, name and address of the prize winner on the back side of.

Agent commission for kerala lottery

Kerala State Lotteries is a big lottery program. It’s launched by the Kerala Government in 52 years ago. It was Established in 1967, under the lottery department of the Kerala Government. It is the first of its kind in India. In 1967 maximum private lotteries were banned and the Kerala Government started the Kerala State Lotteries. The idea behind the configuration of the new department was.

Agent commission for kerala lottery

Kerala State Lotteries Results. Sthree Sakthi lottery ticket has 9 prizes including consolation prize. The first prize winner got 75 lakhs rupees and the second and third prizes are 10 lakhs and 5000 respectively. A total of 279733 prizes were given to the winners. The 10% of the first to third prizes will be deducted and the amount will be.

Agent commission for kerala lottery

Information for Retailers. COVID-19 UPDATE: To help stop the spread of the COVID-19 virus, your lottery representative will not be making in-person visits until further notice. They will instead contact you by phone or email. You may also contact your regional office for assistance. Lottery sales are not being suspended. However, you must contact your regional office or sales rep if you do.

Agent commission for kerala lottery

Musthafa purchased the prize winning ticket from Poochengal Kunnath Khalid, a lottery agent selling ticket at Parappanagdi bus stand. It is learnt that the agency commission of the prize winning.

Kerala labourer saddled with Rs 7L loan wins Rs 12 cr lottery.

CHENNAI: P Senthilkumar of Salem district must be a frustrated man now-a-days. He won the first prize in a Kerala government lottery, carrying prize money of 75 lakh, but was denied the sum.An alarming increase in fake claims made using counterfeited State-printed lotteries in Kerala has reportedly cost registered lottery agents dear. Agents are mandated to convert tickets that have.The 41-year-old carpenter bought the prize winning ticket from Jesim, a retail agent in Mangalapuram, when he went to collect the prize money of Rs 1,000 he had won from another state-run lottery. The ticket purchased from the Attingal Bhagavathy lottery agency had no takers as the last three digits were 009 as it was destined to be bought by Shaji.


Kerala Lottery Result Today 27-02-2020 Karunya Plus Lottery KN 305. Kerala lottery tax deduction 30 % and agent commission 10%. Prizes up to Rs. 1Lakh may be claimed from the District Lottery Offices concerned. Prize winning tickets above Rs.1 Lakh shall be surrendered before the Director of State Lotteries after affixing the signature, name and address of the prize winner on the back side.After taxes and the commission paid to the lottery agent, Rajan should get around Rs 7.2 crore in hand. Truly transformational indeed for Rajan, 55, from Puralimala Kurichia colony at Malur.