If you win Rs. 1 crore as prize money on Kaun Banega Crorepati (KBC), the tax treatment is as follows:

• The entire winning amount is taxable under Section 115BB of the Income Tax Act at a flat rate of 30%, plus applicable surcharge and health and education cess

• Since the amount exceeds Rs. 10,000, tax is deducted at source (TDS) at 30% plus surcharge and cess by the payer (KBC organizers)

• The surcharge depends on the amount won. For Rs. 1 crore, a 10% surcharge on the tax is applicable

• The cess is 4% on the total tax amount (including surcharge)

Approximate Tax Calculation on Rs. 1 Crore KBC Winning

Component| Rate/Amount| Calculation| Tax Amount (Rs.)
---|---|---|---
Base Tax| 30%| 30% of 1,00,00,000| 30,00,000
Surcharge| 10% on tax (for > Rs. 50 lakh)| 10% of 30,00,000| 3,00,000
Health and Education Cess| 4% on (Base Tax + Surcharge)| 4% of (30,00,000 + 3,00,000)| 1,32,000
Total Tax Liability| | | 34,32,000

So, out of Rs. 1 crore won, you will pay approximately Rs. 34.32 lakh as tax, and the net amount received will be around Rs. 65.68 lakh

. This tax is mandatory and no deductions or exemptions under sections like 80C or 10(10D) are allowed on KBC winnings

. The TDS deducted by the organizers will be reflected in your Form 26AS and can be adjusted against your total tax liability when filing your income tax return

. In summary, for Rs. 1 crore KBC winnings, expect to pay roughly 34.3% tax including surcharge and cess, resulting in a net take-home of about Rs. 65.7 lakh. This is a flat tax without slabs or exemptions