There are plenty of advantages of the Lottery Sambad that attract people each day. Among peculiarities of the lottery game, it is worth noting a possibility of rising in the social ladder due to spending only six rupees for the ticket but gaining one crore rupees. Information about purchasing of lottery tickets and claims of lottery winners is given below.
Purchase of Tickets ₹6-₹7
One should start his/her journey from the purchase of a lottery ticket worth six or seven rupees. Undoubtedly, an opportunity of spending minimum money is considered one of the advantages of the lottery. Furthermore, such an advantage of Lottery Sambad leads to another one of obtaining considerable prize money due to minimal expenses in six prize tiers.
Approaching the Aim: Prize Tiers ₹120-₹9,000
To begin with, one should note that one hundred and twenty rupees are considered the basis of the pyramid. It means that participants receive this amount of money in the fifth prize tier, and there are millions of participants that get this amount. Besides, participants earn two hundred and fifty rupees, four hundred and fifty rupees, as well as nine thousand rupees in the third, fourth, and sixth prize tiers.
Dream Come True: Prize Tier ₹1 Crore
Finally, there is an important fact about Lottery Sambad that participants receive one crore rupees in case if the serial number of a ticket coincides with other winners. That is why participants dream about this prize tier that is located at the top of the pyramid and becomes the aim of thousands of people.
Claiming Lottery Sambad Prize
However, it is necessary to say that one can get a lottery prize only with the help of having a ticket. Thus, participants that won in any of the first four prize tiers, submit an application to the authorized retailer. In addition, participants have to send their tickets together with other documents to the Director of State Lotteries in case if the price is more than four prize tiers.
Application for Taxes in Case of Lottery Sambad Prizes
Furthermore, participants that obtain a prize more than ten thousand rupees, need to pay thirty-one point two percent tax according to the section 194B of the Indian Income Tax Act. As a result, one crore rupees equal sixty-eight or sixty-nine lakh rupees after paying tax.
Conclusion
Summing up the above information, it is necessary to mention that participants spend six or seven rupees and obtain one crore rupees in the lottery game. One should know prizes’ value, as well as how to claim prizes, and taxes that are paid in accordance with the section 194B of the Indian Income Tax Act. Have good luck!
