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How To Participate In Kaun Banega Crorepati Online?

Is winning amount of "Kaun Banega Crorepati "(INDIA) is taxable? If yes then at what rate? If i win Rs.1 crore?

  • Is winning amount of "Kaun Banega Crorepati "(INDIA) is taxable? If yes then at what rate? If i win Rs.1 crore how much i will get in hand?

  • Answer:

    any winnings from lottery, crosswords, game shows, horse race is taxable @ 30% thus the amount won from KBC would be taxed @ 30% thus the amount u get after winning 1 crore is calculated as follows 10000000 - 30% of 10000000 = 7000000

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yes amount is taxable @ 30% tax. you will get 70 lacs if you win 1 crore

PANKAJFOX

yes, winning from lotteries, crosswords, horse races is taxable at a flat rate of 30%. if u won 1 crore, after deducting 30%for taxes, u will get the remaining 70% i.e 70,00,000 in hand

anu

Yes. The tax will be deducted @ 30%. As per the Income Tax Rules, there is flat 30% tax rate for Winning from Lotteries or Crossword Puzzles, etc. So you will get an amount of Rs 70 lacs in you hand.

dronak007

Yes, The Tax rate is 30.9% with cess. The tax amount will be 30,90,000. You will get 69,10,000 in hand

sweetprash_420

Of course it is!!!!!!!youll get 70 lakh in hand.

Moss

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