How much is Kerala lottery commission?

How much commission does a lottery retailer get in Kerala?

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. 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.

Is Kerala lottery agency is profitable?

According to data from the state lottery directorate, Kerala’s revenue from lottery in 2018-19 was Rs 9,276 crore, on which it earned a profit of Rs 1,673 crore. … The rise in sale of lottery tickets has also resulted in an increase in the number of ticket-sellers or agents in the state. The report quoted S.

How much do PA Lottery retailers make?

The standard retailer commission rate is 5 percent. Retailers may also earn extra commission through the Retailer Incentive Program launched in 2018. Retailers earn bonuses on large prize-winning tickets that they sell.

Can other state person buy Kerala lottery?

8. Can Kerala Lottery be sold outside of the state? No. No agent shall sell the tickets of the Kerala State Lotteries outside of the state directly or indirectly.

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What is the Lottery Commission?

THE LOTTERY COMMISSION. Ensuring integrity, security, fairness and transparency in the operation and administration of the Lottery. The Commission consists of five members appointed by the Governor with the advice and consent of the Senate.

How much tax do you pay on lottery winnings in India?

No deduction under section 80C or 80D or any other deduction/allowance is allowed from such income. The Benefit of basic exemption limit and income tax slab rate is also not applicable to this income. The entire amount received will be taxable at the flat rate of 31.20%.