FIFTY-FIFTY FF125 Kerala lottery result today 15/01/2025

The Kerala Lottery Fifty-Fifty is a popular weekly lottery draw held every Wednesday at 3 PM. The prize structure for the Fifty-Fifty FF-125 draw, as of January 15, 2025, is as follows:

Prize Structure
-1st Prize: ₹1 crore (₹10,000,000)
-2nd Prize: ₹10 lakh (₹1,000,000)
– 3rd Prize: ₹5,000
– 4th Prize: ₹2,000
– 5th Prize: ₹1,000
– 6th Prize: ₹500
– 7th Prize: ₹100
– Consolation Prize: ₹8,000 for tickets matching the first prize number in other series.

Tax Implications on the First Prize
Winners of the first prize are subject to taxation. The tax structure typically includes:
– TDS (Tax Deducted at Source):30% on the winnings.
– Agent Commission:10% of the prize amount.

For example, if a winner receives ₹1 crore:
– TDS would amount to ₹30 lakhs (30% of ₹1 crore).
– An additional agent commission of ₹10 lakhs would be deducted.

Expected Net Prize Money
After accounting for these deductions, the expected net amount that remains with the winner can be calculated as follows:

Net Amount= Total Prize – Agent Commission

Substituting in the values:

Net Amount} = 1,00,00,000 – (30,00,000 + 10,00,000) = 60,00,000 INR

Thus, the winner of the first prize in the Kerala Lottery Fifty-Fifty can expect to take home approximately ₹60 lakhs after taxes and commissions are deducted.