Viswambharan, hailing from Pazhaveedu in Alappuzha, has become the latest lottery winners, striking it rich with an astonishing Rs 12 crore win in the Vishu bumper lottery. This life-changing victory comes after years of diligently purchasing lottery tickets, a testament to Viswambharan’s perseverance and belief in his dreams. Prior to this incredible win, Viswambharan worked as a security guard, but now, his financial future looks brighter than ever.
However, it’s important to note that lottery winners like Viswambharan will have to pay a substantial amount in taxes. In accordance with the IT Act, 1961, a 30% tax is levied on lottery winnings, along with an additional 4% cess charge. This brings the effective tax rate to 31.2%. In Viswambharan’s case, the tax liability on his Rs. 12 crore prize amounts to a whopping Rs. 3.74 crore. Despite this significant tax burden, the remaining prize money is still a life-altering sum that can open doors to a world of opportunities and financial security for lottery winners.
Lottery Winners Who Lost It All: Cautionary Tales of Squandered Fortunes
Winning the lottery is a dream come true for many, but for some lottery winners who lost it all, it can quickly turn into a nightmare. One of the biggest mistakes these winners make is not seeking professional financial help soon enough. Overwhelmed by their sudden wealth, they often get confused about their tax obligations and end up owing substantial amounts to the government.
Another common pitfall is the urge to start spending lavishly right away. Lottery winners who lost it all often let their newfound wealth get to their heads, quitting their jobs too quickly and failing to realize the potential negative consequences of their actions. From extravagant purchases to ill-advised investments, these winners burn through their fortunes at an alarming rate. The cautionary tales of lottery winners who lost it all serve as a stark reminder that without proper financial planning and self-control, even the biggest jackpots can disappear in the blink of an eye.
Lottery Winners Today: Lingaraju D’s Life-Changing Victory
In the world of lottery winners today, one name stands out: Lingaraju D, a 68-year-old retired health inspector from Bengaluru, India. In June 2020, Lingaraju’s life took a remarkable turn when he discovered he had won an astonishing ₹3.8 crores (approximately US $514,000) in the lottery. The moment of realization, which came hours after the draw, was filled with overwhelming emotion as Lingaraju grasped the magnitude of his instant transformation into a Crorepati.
Lingaraju’s story serves as an inspiring example of how lottery winners today can have their lives changed in the blink of an eye. The substantial prize money has undoubtedly opened up a world of possibilities for Lingaraju and his family, providing financial security and the opportunity to fulfill long-held dreams. As news of his victory spreads, it serves as a reminder that the lottery can indeed create instant millionaires, and that anyone could be the next in line to join the ranks of lottery winners today.
Lottery Winners in Kerala: Tales of Fortune and Controversy
Kerala Lotteries Department organizes a wide array of lotteries seven days a week, catering to the dreams and aspirations of countless participants. From daily draws like Akshay, Win Win, Sritri Shakthi, Fifty-Fifty, Karunya Plus, Nirmal, and Karunya to special bumper lotteries, the department offers numerous opportunities for lottery winners in kerala to emerge.
However, the prevalence of lotteries in Kerala has also sparked debates and controversies. The state government heavily relies on revenue from liquor, lotteries (gambling), and taxes on petrol/diesel, which some argue is not a sustainable model for economic growth. Critics say that unless Kerala witnesses a quantum jump in industry, trade, and commerce across the state within a short period, banning lotteries will remain a distant dream. The tales of lottery winners in kerala are thus intertwined with the complex socio-economic fabric of the state, highlighting the need for a more diversified and robust economy.
Lottery winners across India have been making headlines, from the tales of fortune and controversy in Kerala to the life-changing victory of Lingaraju D in Bengaluru. It’s incredible to see how a single lottery ticket can transform someone’s life overnight, like the security guard who became a Crorepati in the blink of an eye. But it’s not all sunshine and rainbows for lottery winners, you know. Some have lost it all due to squandered fortunes and lack of financial planning.
