Lottery Tax Calculator
Redesigned calculation engine for Kerala State Lottery prizes with updated statutory tax compliance modules.
Total Reductions
₹19,04,000
38.1% of total winnings
Net Payout
₹30,96,000
Amount credited to bank
Detailed Breakdown
Payout Allocation
61.9%
Download Detailed PDF
PDF • 1.2 MB
Compliant with Section 115BB
Frequently Asked Questions
How is tax calculated on lottery winnings?
Lottery winnings are taxed at a flat rate of 30% under Section 115BB of the Income Tax Act. In addition to the flat tax, a Health and Education Cess of 4% is applied on the tax amount itself. If the prize exceeds ₹50 Lakhs, a surcharge may also apply.
What is the commission rate for agents?
Per Kerala State Lottery rules, a standard 10% agent commission is deducted from the gross prize amount before statutory taxes are calculated. This commission is payable to the authorized agent who sold the winning ticket.
Is the calculation the same for non-residents?
While the base tax rate remains the same, the TDS (Tax Deducted at Source) requirements and documentation for non-resident prize winners might involve different verification processes at the treasury level.