Kerala Lottery Result, 25 May 2024: Karunya KR 655 Prize Money

website kerala lottery prize tax High Court Held The Kerala High Court held that assessee acts as a post-office by receiving counterfoils of prize-winning tickets sold by kerala lottery monthly chart lotteries organized by the State of Kerala The Income Tax Officer however rejected the claim holding that prize money received in lottery

kerala lottery prize tax As many lottery winners are quite unaware of the taxation rules, the Kerala govt announces ₹10-lakh relief to mother of sanitation  As of now, an Income tax of 30% will be deducted for all the prize winning claims exceeding Rs 5000- For the agents prize claims an amount equivalent to 10%  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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