KARUNYA PLUS KN558 Kerala lottery result today 30/01/2025

The Kerala Lottery Karunya Plus is a popular lottery draw held every Thursday at 3 PM. The prize structure for the Karunya Plus KN-557 draw, as of January 23, 2025, is detailed below:

Kerala Lottery result today  Karunya Plus (KN-556)

Draw Day: Every Thursday at 3 PM

Prize Structure
1st Prize: ₹80 lakh (₹8,000,000)
2nd Prize: ₹10 lakh (₹1,000,000)
3rd Prize: ₹1 lakh (₹100,000)
4th Prize: ₹5,000
5th Prize: ₹2,000
6th Prize: ₹1,000
7th Prize:₹500
8th 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 must account for taxation, which includes:
TDS (Tax Deducted at Source): 30% of the total winnings.
Agent Commission:10% of the prize amount.

For example, if a winner receives ₹80 lakh:
– TDS would amount to ₹24 lakh (30% of ₹80 lakh).
– An additional agent commission of ₹8 lakh would be deducted.

Expected Net Prize Money
The expected net amount remaining with the winner can be calculated using the formula:

Net Amount} = Total Prize} – TDS} +Agent Commission})

Substituting in the values:

Net Amount = 80,00,000 – (24,00,000 + 8,00,000) = 48,00,000 INR

Thus, a winner of the first prize in the Kerala Lottery Karunya Plus can expect to take home approximately ₹48 lakh after taxes and commissions are deducted.

 Additional Information
The draw is conducted at Gorky Bhavan near Bakery Junction in Thiruvananthapuram. A total of 12 series are available for this lottery draw each week. The ticket price is typically around ₹40. The lottery aims to provide financial support for various welfare schemes in Kerala.

This structured overview provides a clear understanding of the Karunya Plus lottery’s prizes and tax implications for potential winners.