Kottayam: A certain lucky person in Kerala would hit the jackpot this month when the results of the Thiruvonam Bumper Lottery 2019 would be announced. The first prize is a whopping Rs 12 crore, the biggest prize money in the history of Kerala lottery. However, the lucky person would not get this amount in full.
He or she would have to settle for Rs 7.56 crore, which is the final amount after the mandatory deductions of agency commission and income tax.
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.
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.
As the first prize is Rs 12 crore, the agency commission would come up to Rs 1.20 crore. For the remaining Rs 10.8 crore, the income tax would come up to Rs 3.24 crore. After both are deduced, the winner would get Rs 7.56 crore.
The date of draw is September 19.
The following list shows the net cash the first-prize winner of various Kerala lotteries will get after the deductions.
Prize money of Kerala lotteries
Onam Bumper
First prize - Rs 12 crore
Agent commission - Rs 1.20 crore
Income tax - Rs 3.24 crore
Prize money the winner gets - Rs 7.56 crore
Christmas/New Year Bumper
First prize - Rs 6 crore
Agent commission - Rs 60 lakh
Income tax - Rs 1.62 crore
Prize money the winner gets - Rs 3.78 crore
Vishu/Monsoon Bumpers
First prize - Rs 5 crore
Agent commission - Rs 50 lakh
Income tax - Rs 1.35 crore
Prize money the winner gets - Rs 3.15 crore
Win Win lottery
First prize - Rs 65 lakh
Agent commission - Rs 6.5 lakh
Income tax - Rs 17.55 lakh
Prize money the winner gets - Rs 40.95 lakh
Sthree Sakthi
First prize - Rs 70 lakh
Agent commission - Rs 7 lakh
Income tax - Rs 18.90 lakh
Prize money the winner gets - Rs 44.10 lakh
Akshaya
First prize - Rs 60 lakh
Agent commission - Rs 6 lakh
Income tax - Rs 16.2 lakh
Prize money the winner gets - Rs 37.80 lakh
Karunya Plus
First prize - Rs 70 lakh
Agent commission - Rs 7 lakh
Income tax - Rs 18.90 lakh
Prize money the winner gets - Rs 44.10 lakh
Nirmal
First prize - Rs 60 lakh
Agent commission - Rs 6 lakh
Income tax - Rs 16.2 lakh
Prize money the winner gets - Rs 37.80 lakh
Karunya
First prize - Rs 1 crore
Agent commission - Rs 10 lakh
Income tax - Rs 27 lakh
Prize money the winner gets - Rs 63 lakh
Pournami
First prize - Rs 70 lakh
Agent commission - Rs 7 lakh
Income tax - Rs 18.90 lakh
Prize money the winner gets - Rs 44.10 lakh.