Sample month-wise calculation sheets showing how chit value, foreman commission, auction discount, dividend, and prize amount work together across different scheme sizes. These are illustrative only — actual figures depend on live auction bids and applicable scheme terms.
| Month | Gross Chit Value | Foreman Commission (5%) | Discount/Bid | Dividend per Member | Prize Amount Paid |
|---|---|---|---|---|---|
| 1 | ₹3,00,000 | ₹15,000 | ₹75,000 | ₹2,500 | ₹2,10,000 |
| 2 | ₹3,00,000 | ₹15,000 | ₹70,000 | ₹2,333 | ₹2,15,000 |
| 3 | ₹3,00,000 | ₹15,000 | ₹65,000 | ₹2,167 | ₹2,20,000 |
| 4 | ₹3,00,000 | ₹15,000 | ₹60,000 | ₹2,000 | ₹2,25,000 |
| 5 | ₹3,00,000 | ₹15,000 | ₹55,000 | ₹1,833 | ₹2,30,000 |
| 6 | ₹3,00,000 | ₹15,000 | ₹50,000 | ₹1,667 | ₹2,35,000 |
| 7 | ₹3,00,000 | ₹15,000 | ₹48,000 | ₹1,600 | ₹2,37,000 |
| 8 | ₹3,00,000 | ₹15,000 | ₹46,000 | ₹1,533 | ₹2,39,000 |
| 9 | ₹3,00,000 | ₹15,000 | ₹44,000 | ₹1,467 | ₹2,41,000 |
| 10 | ₹3,00,000 | ₹15,000 | ₹42,000 | ₹1,400 | ₹2,43,000 |
| 11 | ₹3,00,000 | ₹15,000 | ₹40,000 | ₹1,333 | ₹2,45,000 |
| 12 | ₹3,00,000 | ₹15,000 | ₹38,000 | ₹1,267 | ₹2,47,000 |
| 13 | ₹3,00,000 | ₹15,000 | ₹36,000 | ₹1,200 | ₹2,49,000 |
| 14 | ₹3,00,000 | ₹15,000 | ₹34,000 | ₹1,133 | ₹2,51,000 |
| 15 | ₹3,00,000 | ₹15,000 | ₹32,000 | ₹1,067 | ₹2,53,000 |
| 16 | ₹3,00,000 | ₹15,000 | ₹30,000 | ₹1,000 | ₹2,55,000 |
| 17 | ₹3,00,000 | ₹15,000 | ₹28,000 | ₹933 | ₹2,57,000 |
| 18 | ₹3,00,000 | ₹15,000 | ₹26,000 | ₹867 | ₹2,59,000 |
| 19 | ₹3,00,000 | ₹15,000 | ₹24,000 | ₹800 | ₹2,61,000 |
| 20 | ₹3,00,000 | ₹15,000 | ₹22,000 | ₹733 | ₹2,63,000 |
| 21 | ₹3,00,000 | ₹15,000 | ₹20,000 | ₹667 | ₹2,65,000 |
| 22 | ₹3,00,000 | ₹15,000 | ₹18,000 | ₹600 | ₹2,67,000 |
| 23 | ₹3,00,000 | ₹15,000 | ₹16,000 | ₹533 | ₹2,69,000 |
| 24 | ₹3,00,000 | ₹15,000 | ₹14,000 | ₹467 | ₹2,71,000 |
| 25 | ₹3,00,000 | ₹15,000 | ₹12,000 | ₹400 | ₹2,73,000 |
| 26 | ₹3,00,000 | ₹15,000 | ₹10,000 | ₹333 | ₹2,75,000 |
| 27 | ₹3,00,000 | ₹15,000 | ₹8,000 | ₹267 | ₹2,77,000 |
| 28 | ₹3,00,000 | ₹15,000 | ₹6,000 | ₹200 | ₹2,79,000 |
| 29 | ₹3,00,000 | ₹15,000 | ₹4,000 | ₹133 | ₹2,81,000 |
| 30 | ₹3,00,000 | ₹15,000 | ₹0 | ₹0 | ₹2,85,000 |
Formula used: Prize Amount = Chit Value − Foreman Commission − Discount
Dividend per Member = Discount ÷ Number of Members
| Month | Gross Chit Value | Foreman Commission (5%) | Discount/Bid | Dividend per Member | Prize Amount Paid |
|---|---|---|---|---|---|
| 1 | ₹5,00,000 | ₹25,000 | ₹1,20,000 | ₹2,400 | ₹3,55,000 |
| 2 | ₹5,00,000 | ₹25,000 | ₹1,10,000 | ₹2,200 | ₹3,65,000 |
| 3 | ₹5,00,000 | ₹25,000 | ₹1,00,000 | ₹2,000 | ₹3,75,000 |
| 4 | ₹5,00,000 | ₹25,000 | ₹95,000 | ₹1,900 | ₹3,80,000 |
| 5 | ₹5,00,000 | ₹25,000 | ₹90,000 | ₹1,800 | ₹3,85,000 |
| 6 | ₹5,00,000 | ₹25,000 | ₹85,000 | ₹1,700 | ₹3,90,000 |
| 7 | ₹5,00,000 | ₹25,000 | ₹80,000 | ₹1,600 | ₹3,95,000 |
| 8 | ₹5,00,000 | ₹25,000 | ₹75,000 | ₹1,500 | ₹4,00,000 |
| 9 | ₹5,00,000 | ₹25,000 | ₹70,000 | ₹1,400 | ₹4,05,000 |
| 10 | ₹5,00,000 | ₹25,000 | ₹65,000 | ₹1,300 | ₹4,10,000 |
| 11 | ₹5,00,000 | ₹25,000 | ₹60,000 | ₹1,200 | ₹4,15,000 |
| 12 | ₹5,00,000 | ₹25,000 | ₹55,000 | ₹1,100 | ₹4,20,000 |
| 13 | ₹5,00,000 | ₹25,000 | ₹50,000 | ₹1,000 | ₹4,25,000 |
| 14 | ₹5,00,000 | ₹25,000 | ₹48,000 | ₹960 | ₹4,27,000 |
| 15 | ₹5,00,000 | ₹25,000 | ₹46,000 | ₹920 | ₹4,29,000 |
| 16 | ₹5,00,000 | ₹25,000 | ₹44,000 | ₹880 | ₹4,31,000 |
| 17 | ₹5,00,000 | ₹25,000 | ₹42,000 | ₹840 | ₹4,33,000 |
| 18 | ₹5,00,000 | ₹25,000 | ₹40,000 | ₹800 | ₹4,35,000 |
| 19 | ₹5,00,000 | ₹25,000 | ₹38,000 | ₹760 | ₹4,37,000 |
| 20 | ₹5,00,000 | ₹25,000 | ₹36,000 | ₹720 | ₹4,39,000 |
| 21 | ₹5,00,000 | ₹25,000 | ₹34,000 | ₹680 | ₹4,41,000 |
| 22 | ₹5,00,000 | ₹25,000 | ₹32,000 | ₹640 | ₹4,43,000 |
| 23 | ₹5,00,000 | ₹25,000 | ₹30,000 | ₹600 | ₹4,45,000 |
| 24 | ₹5,00,000 | ₹25,000 | ₹29,000 | ₹580 | ₹4,46,000 |
| 25 | ₹5,00,000 | ₹25,000 | ₹28,000 | ₹560 | ₹4,47,000 |
| 26 | ₹5,00,000 | ₹25,000 | ₹27,000 | ₹540 | ₹4,48,000 |
| 27 | ₹5,00,000 | ₹25,000 | ₹26,000 | ₹520 | ₹4,49,000 |
| 28 | ₹5,00,000 | ₹25,000 | ₹25,000 | ₹500 | ₹4,50,000 |
| 29 | ₹5,00,000 | ₹25,000 | ₹24,000 | ₹480 | ₹4,51,000 |
| 30 | ₹5,00,000 | ₹25,000 | ₹23,000 | ₹460 | ₹4,52,000 |
| 31 | ₹5,00,000 | ₹25,000 | ₹22,000 | ₹440 | ₹4,53,000 |
| 32 | ₹5,00,000 | ₹25,000 | ₹21,000 | ₹420 | ₹4,54,000 |
| 33 | ₹5,00,000 | ₹25,000 | ₹20,000 | ₹400 | ₹4,55,000 |
| 34 | ₹5,00,000 | ₹25,000 | ₹19,000 | ₹380 | ₹4,56,000 |
| 35 | ₹5,00,000 | ₹25,000 | ₹18,000 | ₹360 | ₹4,57,000 |
| 36 | ₹5,00,000 | ₹25,000 | ₹17,000 | ₹340 | ₹4,58,000 |
| 37 | ₹5,00,000 | ₹25,000 | ₹16,000 | ₹320 | ₹4,59,000 |
| 38 | ₹5,00,000 | ₹25,000 | ₹15,000 | ₹300 | ₹4,60,000 |
| 39 | ₹5,00,000 | ₹25,000 | ₹14,000 | ₹280 | ₹4,61,000 |
| 40 | ₹5,00,000 | ₹25,000 | ₹13,000 | ₹260 | ₹4,62,000 |
| 41 | ₹5,00,000 | ₹25,000 | ₹12,000 | ₹240 | ₹4,63,000 |
| 42 | ₹5,00,000 | ₹25,000 | ₹11,000 | ₹220 | ₹4,64,000 |
| 43 | ₹5,00,000 | ₹25,000 | ₹10,000 | ₹200 | ₹4,65,000 |
| 44 | ₹5,00,000 | ₹25,000 | ₹9,000 | ₹180 | ₹4,66,000 |
| 45 | ₹5,00,000 | ₹25,000 | ₹8,000 | ₹160 | ₹4,67,000 |
| 46 | ₹5,00,000 | ₹25,000 | ₹7,000 | ₹140 | ₹4,68,000 |
| 47 | ₹5,00,000 | ₹25,000 | ₹6,000 | ₹120 | ₹4,69,000 |
| 48 | ₹5,00,000 | ₹25,000 | ₹5,000 | ₹100 | ₹4,70,000 |
| 49 | ₹5,00,000 | ₹25,000 | ₹4,000 | ₹80 | ₹4,71,000 |
| 50 | ₹5,00,000 | ₹25,000 | ₹0 | ₹0 | ₹4,75,000 |
Formula used: Prize Amount = Chit Value − Foreman Commission − Discount
Dividend per Member = Discount ÷ Number of Members
| Month | Gross Chit Value | Foreman Commission (5%) | Discount/Bid | Dividend per Member | Prize Amount Paid |
|---|---|---|---|---|---|
| 1 | ₹10,00,000 | ₹50,000 | ₹2,40,000 | ₹4,800 | ₹7,10,000 |
| 2 | ₹10,00,000 | ₹50,000 | ₹2,20,000 | ₹4,400 | ₹7,30,000 |
| 3 | ₹10,00,000 | ₹50,000 | ₹2,00,000 | ₹4,000 | ₹7,50,000 |
| 4 | ₹10,00,000 | ₹50,000 | ₹1,90,000 | ₹3,800 | ₹7,60,000 |
| 5 | ₹10,00,000 | ₹50,000 | ₹1,80,000 | ₹3,600 | ₹7,70,000 |
| 6 | ₹10,00,000 | ₹50,000 | ₹1,70,000 | ₹3,400 | ₹7,80,000 |
| 7 | ₹10,00,000 | ₹50,000 | ₹1,60,000 | ₹3,200 | ₹7,90,000 |
| 8 | ₹10,00,000 | ₹50,000 | ₹1,50,000 | ₹3,000 | ₹8,00,000 |
| 9 | ₹10,00,000 | ₹50,000 | ₹1,40,000 | ₹2,800 | ₹8,10,000 |
| 10 | ₹10,00,000 | ₹50,000 | ₹1,30,000 | ₹2,600 | ₹8,20,000 |
| 11 | ₹10,00,000 | ₹50,000 | ₹1,20,000 | ₹2,400 | ₹8,30,000 |
| 12 | ₹10,00,000 | ₹50,000 | ₹1,10,000 | ₹2,200 | ₹8,40,000 |
| 13 | ₹10,00,000 | ₹50,000 | ₹1,00,000 | ₹2,000 | ₹8,50,000 |
| 14 | ₹10,00,000 | ₹50,000 | ₹96,000 | ₹1,920 | ₹8,54,000 |
| 15 | ₹10,00,000 | ₹50,000 | ₹92,000 | ₹1,840 | ₹8,58,000 |
| 16 | ₹10,00,000 | ₹50,000 | ₹88,000 | ₹1,760 | ₹8,62,000 |
| 17 | ₹10,00,000 | ₹50,000 | ₹84,000 | ₹1,680 | ₹8,66,000 |
| 18 | ₹10,00,000 | ₹50,000 | ₹80,000 | ₹1,600 | ₹8,70,000 |
| 19 | ₹10,00,000 | ₹50,000 | ₹76,000 | ₹1,520 | ₹8,74,000 |
| 20 | ₹10,00,000 | ₹50,000 | ₹72,000 | ₹1,440 | ₹8,78,000 |
| 21 | ₹10,00,000 | ₹50,000 | ₹68,000 | ₹1,360 | ₹8,82,000 |
| 22 | ₹10,00,000 | ₹50,000 | ₹64,000 | ₹1,280 | ₹8,86,000 |
| 23 | ₹10,00,000 | ₹50,000 | ₹60,000 | ₹1,200 | ₹8,90,000 |
| 24 | ₹10,00,000 | ₹50,000 | ₹58,000 | ₹1,160 | ₹8,92,000 |
| 25 | ₹10,00,000 | ₹50,000 | ₹56,000 | ₹1,120 | ₹8,94,000 |
| 26 | ₹10,00,000 | ₹50,000 | ₹54,000 | ₹1,080 | ₹8,96,000 |
| 27 | ₹10,00,000 | ₹50,000 | ₹52,000 | ₹1,040 | ₹8,98,000 |
| 28 | ₹10,00,000 | ₹50,000 | ₹50,000 | ₹1,000 | ₹9,00,000 |
| 29 | ₹10,00,000 | ₹50,000 | ₹48,000 | ₹960 | ₹9,02,000 |
| 30 | ₹10,00,000 | ₹50,000 | ₹46,000 | ₹920 | ₹9,04,000 |
| 31 | ₹10,00,000 | ₹50,000 | ₹44,000 | ₹880 | ₹9,06,000 |
| 32 | ₹10,00,000 | ₹50,000 | ₹42,000 | ₹840 | ₹9,08,000 |
| 33 | ₹10,00,000 | ₹50,000 | ₹40,000 | ₹800 | ₹9,10,000 |
| 34 | ₹10,00,000 | ₹50,000 | ₹38,000 | ₹760 | ₹9,12,000 |
| 35 | ₹10,00,000 | ₹50,000 | ₹36,000 | ₹720 | ₹9,14,000 |
| 36 | ₹10,00,000 | ₹50,000 | ₹34,000 | ₹680 | ₹9,16,000 |
| 37 | ₹10,00,000 | ₹50,000 | ₹32,000 | ₹640 | ₹9,18,000 |
| 38 | ₹10,00,000 | ₹50,000 | ₹30,000 | ₹600 | ₹9,20,000 |
| 39 | ₹10,00,000 | ₹50,000 | ₹28,000 | ₹560 | ₹9,22,000 |
| 40 | ₹10,00,000 | ₹50,000 | ₹26,000 | ₹520 | ₹9,24,000 |
| 41 | ₹10,00,000 | ₹50,000 | ₹24,000 | ₹480 | ₹9,26,000 |
| 42 | ₹10,00,000 | ₹50,000 | ₹22,000 | ₹440 | ₹9,28,000 |
| 43 | ₹10,00,000 | ₹50,000 | ₹20,000 | ₹400 | ₹9,30,000 |
| 44 | ₹10,00,000 | ₹50,000 | ₹18,000 | ₹360 | ₹9,32,000 |
| 45 | ₹10,00,000 | ₹50,000 | ₹16,000 | ₹320 | ₹9,34,000 |
| 46 | ₹10,00,000 | ₹50,000 | ₹14,000 | ₹280 | ₹9,36,000 |
| 47 | ₹10,00,000 | ₹50,000 | ₹12,000 | ₹240 | ₹9,38,000 |
| 48 | ₹10,00,000 | ₹50,000 | ₹10,000 | ₹200 | ₹9,40,000 |
| 49 | ₹10,00,000 | ₹50,000 | ₹8,000 | ₹160 | ₹9,42,000 |
| 50 | ₹10,00,000 | ₹50,000 | ₹0 | ₹0 | ₹9,50,000 |
Formula used: Prize Amount = Chit Value − Foreman Commission − Discount
Dividend per Member = Discount ÷ Number of Members
These sheets can be adjusted to reflect actual company structure, including foreman percentage, maximum bid limit, dividend sharing method, and auction rules.
Talk to our team to see exact figures for the chit scheme that fits your needs.
