| |
SL.No. |
Prize Amount Offered |
Amount Rs.20,00,000 |
Amount Rs.10,00,000 |
|
|
1 |
Deduction – Agent’s Prize & Seller’s Bonus @ 5% |
Rs.2,00,000
Rs.18,00,000 |
Rs.1,00.000
Rs.9,00,000
|
|
|
2 |
Deduction – Income Tax exempted amount Rs.5000 |
Rs.5,000
Rs.17,95,000 |
Rs.5,000
Rs.8,95,000 |
|
|
| 3 |
|
|
Deduction – Income Tax @ 30% + Surcharge @ 5% on Income Tax |
Rs.5,38,500+ 26,925
Rs.5,65,425 |
Rs.2,68,500+13.425
Rs.2,81,925 |
| 4 |
|
|
|
Rs.12,29,575 |
Rs.6,13,075 |
5 |
Addition – Income exempted amount Rs.5000
|
Rs.5,000 |
Rs.5000 |
= Rs.12,34,575 |
Rs.6,18,075 |
6 |
|
|
Total amount to the Prize Winner |
= Rs.12,34,575 |
Rs.6,18,075 |
| |
|
|
|
|
|
|
