How to win KBC – Taxes on KBC prize money – KBC Official Website 25 Lakh Lottery Online
KBC is one of India’s most well-known and long-running game shows, presented by Bollywood legend Amitabh Bachchan. With 14 seasons, the show has motivated millions of people, particularly those from the middle class, to want to be in the hot seat. Many candidates from humble beginnings have improved their life because to the prize money and fame they received on the show.
The format is simple: competitors answer multiple-choice questions, with each successful answer moving them closer to higher prizes. Naturally, this makes many people ask, “How do you win KBC?”—especially as they see contestants try to stay in the game until the last question.
KBC Official Website
- Nobel Prizes – Visit the KBC official website to discover more about the facts and notable persons.
- Facts about Indian Art and Culture
- Symbols for paramilitaries and armed forces
- Space programs and solar systems
- Science facts at the high school level
- Famous writers and poets, Hindi Idioms (Indian Hindi writers should be highlighted).
- Mythology and Religion: Jainism, Buddhism, Mahabharata, and Ramayana.
- Flora & Fauna: More emphasis on recognizing animal species.
- Military history includes awardees, martyrs, major wars, and so on.
- Indian History: Preparation from NCERT is suggested and available for free online.
- Bollywood: Award-winning actors and films must be the major focus.
- Food dish names (in Hindi), popular festivals
- Latest records set in sports
- Current events (local and national newspapers)
- Careful study of Indian map and geography.
- Knowledge of politics and computer science are also essential.
- Theater figures, dancing genres, famous landmarks, and so on.Numerous important national and international honors.
Winning KBC requires consistent newspaper reading and analysis. This helps you grasp current affairs, as questions frequently come from this area. Staying informed about your surroundings is crucial.
It is also beneficial to know details about your country’s identity, emblem, symbols, pilgrimage sites, historical battles, and national buildings. The questions will likely relate to your life and the information you provided during KBC registration.
In addition to preparing some of the frequent areas of the KBC question bank, as described above, it is recommended that you take enough practice exams and quizzes to strengthen your preparation. It assists you in identifying your weak points, which may be improved with structured preparation. The quizzes in the practice sets are completely based on the pattern of questions asked in KBC over the years.
Taxes on KBC prize money
The game shows such as KBC offers a huge chunk of the prize, i.e., 1 Crore & 7 Crore to the candidates that make it to the final set of questions. The income that is earned by the candidates in this form is taxable and a predefined TDS is deducted from the final amount won by the contestant. According to the section 56(2) (ib), any income that is generated or won in the form of below-mentioned sources will be taxable under the “Income from other sources”:
- Card games
- Game shows
- Horse races
- Lotteries
- Crossword puzzles
- Gambling, betting, etc.
The money prize that contestants win in every season is taxable at the rate of 31.20%. Furthermore, the advantage of the income tax slab rate & basic exemption limit is also not applicable to this income.
Here are some important details to be aware of:
- A TDS of 31.20% (Section 194B) is applied to any prize money exceeding Rs. 10,000.
- The prize distributor is always liable to deduct the necessary tax at the time of payment, regardless of whether the income is taxable or not.
- According to Section 58(4), if a taxpayer earns income from lotteries, races, online games, gambling, card games, crossword puzzles, etc., no deduction for allowances or expenditures related to that income will be allowed when calculating the final amount.
What is KBC Lottery
KBC lottery is a way to allow millions of people to test their chances of winning heavy prizes without having to feel the heat of the hot seat. But, it is not true as it is nothing but a disguise for scammers to claim their next victim and rob them of their money without moving a muscle. Considering the pace at which cybercrime has escalated in the last decade, it is only obvious that the gaming shows always remain on the radars of scammers & fraudsters. The desperate candidates that dream of winning huge prizes usually end up becoming victims of such scams that are conducted on a large scale across the country.
Fraudsters use social media platforms like WhatsApp where they send messages to their unsuspecting victims. These messages are usually sent from an unknown number and the majority of such numbers have the ISD code of Pakistan which starts with +92. The messages try to trick the readers into believing that their mobile number won a heavy prize or lottery which was jointly organized by KBC & Reliance Jio. The fake prize money ranges between 20 to 40 Lakhs and the claim of such a fake amount can be done by contacting the person (Scammer) whose number is mentioned in the WhatsApp messages.
Now, this is where things get a lot more sensitive when the victim calls the given number to claim his/her amount or fake KBC prize money. The fraudster tells the victim to pay a fixed refundable amount which is usually treated as the processing fees and the GST. Things start escalating when the victim falls for this trap and makes the payment. These fraudsters continue to ask for more processing fees in one context or the other and stress on maintaining the contact through WhatsApp only.
Fraudsters gain the trust of the victims and convince them to deposit money in several bank accounts on multiple occasions and this type of fraud can continue uninterrupted for several weeks, and in some cases, even months. Victims continue to comply as they get told that the KBC prize money has doubled or tripled to Rs. 75 lakhs which keeps them actively engaged and do not suspect anything fishy at any point.
Finally, when the victim holds his/her ground to get the KBC prize money and refuses to pay any more processing fees, fraudsters see it as the wrap and they cut all kinds of connections with them and discontinue the fake number that they had on the WhatsApp.
KBC Lottery Fake Call Complaint
The Delhi Police has issued a warning to the public regarding an increase in KBC lottery frauds. Scammers frequently claim to have won a significant monetary award and request a “processing fee” or commission. Once the money is transferred, they vanish with no further communication.
These fraudulent calls and WhatsApp messages have become more common, causing many people to lose large sums of money. Remember that KBC will never ask for cash, bank information, or personal information to claim prizes. If you receive an unexpected message claiming you’ve won ₹25 lakh, consider it a scam.
To be cautious, avoid conversing with unknown numbers and never disclose personal or financial information. If in doubt, consult only official KBC sources or the show’s verified website.