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Do the People in KBC Lottery Get Their Money?

The kbc lottery is part of a scheme known as the Ghar Baithe Jeeto Jackpot. The winner of a prize is required to pay taxes on the amount. Online fraudsters have been tricking people into playing the lottery. However, the truth is far different. The contestants win the prize money. Once they win it, they pay taxes on it. But do the people in the KBC lottery get their money?

KBC lottery is part of the Ghar Baithe Jeeto Jackpot scheme

You can visit their official website to know whether you have won a KBC lottery. You can also get the winning numbers through WhatsApp. In case of any questions, you can also contact their customer support team. They will be able to tell you how to verify your identity. Similarly, if you’ve already played the lottery, you can contact them directly via the helpline number on the website.

The scammers have taken advantage of the popularity of the KBC lottery to lure unsuspecting individuals into providing their personal information in return for a cheque for cash rewards. They send fake texts and messages to Indian citizens asking for personal details. Scammers have victimized several people, many of whom have contacted them through different methods, including email, WhatsApp, and phone calls.

Online fraudsters dupe people into playing.

A woman recently received an unsolicited call from a mysterious number promising to win her the lottery prize of Rs 25 lakh. The scammer asked her to provide her bank account details and GST or income tax processing fees. Once she had given the requested particulars, the scammer asked her to fill out a “Know Your Customer” form, which was later deleted from the scammer’s phone.

An online scammer has used a woman’s phone number in Lucknow to defraud people into thinking they won the lottery. The scammers had impersonated a KBC official and sent audio clips or videos to a person’s phone. The victim was duped into depositing the cash via a cheque. The woman’s husband, a lawyer in the city, has reported the scam to the Krishnanagar police.

Contestants win prize money.

When you win the KBC lottery, you can use the cash from the jackpot to pay your bills. But if you do not pay your taxes, you may face issues such as IRS audits or criminal charges. Therefore, you must pay your taxes accordingly. To win the cash prize, download the KBC app and connect your Facebook or Google+ account to the app. After you have related your bills, you can view a list of participating banks in the KBC lottery and select the bank to transfer your prize money.

Taj Mohammed Rangrez, a professional teacher, won the Rs 7 crore jackpot on the KBC. He used the prize money to pay for his daughter’s eye treatment and built a house for his family. He also married two orphan girls and worked in a multinational company. He later married Marathi actress Sarika Nawathe and acted in a Bollywood film. He is currently a senior executive at Mahindra & Mahindra.

Conclusion 

The tax a person will pay on winning the kbc head office is approximately 30 per cent, but surcharges or other taxes may be included. The winnings will be transferred to the winner after the taxes are deducted. A 1 crore winner will take home 65 to 66 lakh rupees. However, 34 lakhs of that prize money will be taken out of the winner’s pocket by the taxman. In some cases, the tax can be higher than this.

It may seem that this is an unfair tax system, but it is true for many people in India. Several reality shows award huge prizes to winners, such as Kaun Banega Crorepati. While tips can be in cash or kind, the money won in these shows is subject to TDS (tax deducted at source) before the winner can receive the money. The prize distributor makes the deduction.

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