The Inland Revenue Department is declaring the first-ever cash prize winners under its taxpayer incentive scheme today, where fifteen people will win Rs. 1 lakh each and one lucky winner will grab Rs. 10 lakh.
The Inland Revenue Department (IRD) is ready to announce the first cash prizes for taxpayers on Friday under its new incentive program. In this exciting draw, fifteen taxpayers will get Rs. 1 lakh each, while one lucky buyer will receive a bumper cash prize of Rs. 10 lakh.
Preparation Completed for the Draw
The department have completed all technical works for the draw. On Thursday, Finance Minister Dr. Swarnim Wagle was briefed about how the system works and how the winners will be selected. The technical team of the department also showed a demo of the selection process to the minister.
According to Dr. Bhishma Kumar Bhusal, who is Director General of IRD, the winners will be chosen from consumers who bought goods and services between Shrawan 1 and Shrawan 15. This includes people who paid online or those who bought in cash and uploaded their physical bills on the department website.
How the Prizes Will Be Distributed
For the fifteen days from Shrawan 1 to 15, one winner will be selected for each day’s transactions. These fifteen people will get Rs. 1 lakh each after tax deduction. Also, one bumper winner will be selected from all eligible buyers of this period to win Rs. 10 lakh. However, the department clarified that tax will be deducted from bumper prize too.
This initiative was first announced by Finance Minister Dr. Swarnim Wagle in the budget of fiscal year 2083/84 to encourage taxpayers.
Regular Monthly Gift System
As per the working guidelines, this draw will now happen twice a month. The first draw will take place on the 16th of every month for transactions made between the 1st and 15th. The second draw will happen on the last day of the month for transactions done from the 16th to the end of the month.
People who pay using bank or digital wallet QR codes will be entered into the draw automatically. However, they must keep their purchase bill safely to claim the prize. Cash buyers must take a PAN or VAT bill and upload it to the IRD website to receive their participation coupon.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
