This time Thiruvonam Bumper Lottery jackpot winner will take home Rs 7.56 crores!

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.

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