With the growing popularity of lotteries in Kerala, the government has implemented a new tax rule. This article delves into the details of the 75 lakh lottery tax, its implications, and the reactions from the public.
The Kerala government has introduced a new tax rule on lottery winnings above 75 lakh. This move is aimed at generating additional revenue and curbing the misuse of lotteries.
Under the new rule, any lottery winnings exceeding 75 lakh will be taxed at a rate of 30%. This means that if someone wins a lottery prize of 1 crore, they will have to pay a tax of 30 lakh on the amount exceeding 75 lakh.
The tax rule has been met with mixed reactions from the public. Some argue that it is a fair measure to generate revenue for the government, while others believe it will discourage people from participating in lotteries.
Lotteries in Kerala have always been a popular form of entertainment and a source of income for many. However, the government\“s decision to introduce the 75 lakh lottery tax has sparked a debate among the public.
Proponents of the tax rule argue that it will help the government generate additional revenue, which can be used for the development of the state. They believe that the tax will not deter people from playing lotteries, as the chances of winning a large prize are low.
On the other hand, opponents of the tax rule argue that it is unfair to tax lottery winnings at a higher rate. They believe that lotteries should be taxed at the same rate as other forms of income, such as salaries and business profits.
Moreover, some experts have suggested that the tax rule may lead to the black market for lottery tickets. If people feel that the tax rate is too high, they may opt to purchase tickets from unregistered sellers, which can lead to the illegal sale of lottery tickets.
As of January 2026, the 75 lakh lottery tax in Kerala continues to be a topic of discussion. The government is yet to see the actual impact of the tax rule on the lottery industry in the state. Only time will tell how this new tax rule will shape the future of lotteries in Kerala. |
