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kerala lottery prize tax

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kerala lottery prize tax

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kerala lottery prize tax

website kerala lottery prize tax While the agency commission is 10 percent of the prize money, the income tax would come up to 30 percent of the money after the agency commission is deducted kerala lottery monthly chart june 2024 At first, there will be a deduction of 10% of the total prize money that goes as commission to the lottery agents, followed by a 30% tax cut

kerala lottery prize tax Levying a 30 percent tax on small prizes would drastically affect the lottery in the State The lottery scheme is already undergoing a severe  The lottery department only cuts the agent commission and the TDS of the cash prize In addition, there are other taxes Once the money is  All the winners of Kerala Lottery must note down that a 10 percent agent lottery commission and a 30 percent lottery tax deduction is applicable

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