If I win 1 crore lottery prize .I will have to pay income tax and various other types of charges put on lottery to the government of India. If my financial situation is good and I don't have to worry about monthly income or any health problems or any other major expenses like house repair etc . Then I can invest 65 lakhs and create more wealth.
The Karunya lottery scheme carries a first prize of Rs 10,000,000 or Rs 1 crore and last week, the first prize was awarded to ticket number KW 750949, which was sold at Thrissur district.
Answer: * Winnings from lottery are flat taxable at the rate of 30% under income tax act, 1961. * The basic exemption limit is not available in case of winnings from lottery i.e You are required to pay tax at the rate of 30% on total winnings.
Kerala State Lotteries offer weekly lottery draws on each day of the week, plus some special Bumper lotteries giving players the chance to win prizes up to Rs. 1 crore.
On Sunday, the septuagenarian won a Rs 1-crore lottery. Three days later, he turned up at the Kalna police station, pleading with officer-in-charge Rakesh Singh for security.
1 in 79,453,500 ₹4 Crore: 6: 1 in 19,863,375 ₹7,50,000: 5: 1 in 75,240 ₹80,000: 4: 1 in 1,400 ₹4,000: 3: 1 in 75 ₹400: 2: 1 in 10 ₹40: Joker Ball: 1 in 5: Free Bet Bonus: Overall odds of winning a prize: 1 in 3 Overall odds of winning a Free Bet: 1 in 5
Woman says Rs 190 crore lottery ticket destroyed in laundry Shop owner runs off with customer's lottery ticket that clinched top prize of Rs 4 crore In a similar incident from recent times, a California woman who purchased a $26 million (RS 190 crore) winning lottery locket in November 2020 said that it got destroyed in the wash.
A Rs 6 lottery ticket gives Nagpur man Rs 1 crore prize. On Tuesday afternoon, a grand event was held in Nagpur to felicitate Kumar and the ticket vendor. NAGPUR: For the last four years, Prashant ...