Hello fellow CodeCheffers,
In an attempt to motivate and encourage more people to participate and showcase their skills in our monthly contests, based on the feedback from several CodeChef winners, we have decided to reward more number of participants starting this February. To start with, we are doing this only for Indian participants.
So, we’re glad to inform you that we will now be rewarding the top 20 participants in India! The prize structure will be as follows:
| Position | Prize |
|---|---|
| 1st | Rs. 10,000 |
| 2nd | Rs. 7,000 |
| 3rd | Rs. 5,000 |
| 4th | Rs. 4,000 |
| 5th | Rs. 3,500 |
| 6th-10th | Rs. 2,500 each |
| 11th-15th | Rs. 1,500 each |
| 16th-20th | Rs. 1,000 each |
Note: All prizes above Rs.5000 will be taxed at 30%. TDS certificates will be issued at the end of the financial year.
At CodeChef we’re always looking to improve, and for this very reason we give a lot of importance to the feedback we receive. Please feel free to suggest any changes or voice any concerns that you may have.
We’re very excited about the new prize structure and hope that you all are as well. 
Cheers,
Team Codechef
|
Name : Anton Lunyov Age : 23 yrs Inst/Company : Institute of Applied Mathematics and Mechanics of National Academy of Science of Ukraine Userid : anton_lunyov |
Find out more about the person behind the username anton_lunyov
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January 22nd, 2010 at 11:00 pm
Ya definitely excited !!
January 22nd, 2010 at 11:00 pm
Ya definitely excited !!
January 23rd, 2010 at 1:55 am
Awesome.. was hoping for something like this since CodeChef started .
Thank you
January 23rd, 2010 at 2:00 am
Very Very excited in fact was waiting to see such change
January 23rd, 2010 at 10:00 am
Awesome
January 24th, 2010 at 12:49 am
I'm bound to ask, in the unlikely scenario when an Indian comes in top 3 overall, what would you give them, Indian prize or Overall prize ?
January 24th, 2010 at 2:45 am
Definitely for the better !!!
Was hoping for something like this !!!
January 25th, 2010 at 12:34 am
woww, really excitement change in prize structure…………
January 25th, 2010 at 8:57 am
Thanks guys. It’s great to see your enthusiasm!
@Ajay: As long as you are participating from India, you will receive prizes as per the Indian prize structure.
January 25th, 2010 at 8:59 am
Thanks guys. It's great to see your enthusiasm!
January 25th, 2010 at 9:00 am
As long as you are participating from India, you will receive prizes as per the Indian prize structure. They will be maintained as two separate categories.
January 25th, 2010 at 1:28 pm
now there will be chance for new programmer to show there skill
January 27th, 2010 at 6:30 am
why should an Indian coming in the top 3 be an 'unlikely scenario' ?
January 27th, 2010 at 7:00 am
What will happen in case of a tie??
January 28th, 2010 at 3:20 am
In the case of a tie, the amount will be distributed evenly amongst the winners.
January 28th, 2010 at 3:46 am
Will there be regular shorter online contests like online Snackdown events?
January 28th, 2010 at 4:51 am
We will try to have shorter contests on a regular basis.
January 28th, 2010 at 11:46 pm
Nice idea, should encourage competition at lower ranks also! Quick question though, are prizes below Rs 5000 taxed as well? If not, and going by the 30% tax rate, wouldn't that imply that finishing 4th is (monetarily) better than finishing 3rd?
January 29th, 2010 at 4:37 am
Hi Vaibhav,
Nice catch, and you're right in the short run it may seem that way. However, since we will be providing TDS certificates to all the winners at the end of the financial year(June), they will be able to redeem the taxed amount then. : )
January 29th, 2010 at 4:46 am
Ah, nice. Thought there had to be a catch.
January 29th, 2010 at 5:15 am
It s really good!!! I m sure the submissions on the challenge problem will increase drastically !!!!
January 29th, 2010 at 11:49 pm
i thinke.. it should be applicable for us prize also ,
February 2nd, 2010 at 9:58 am
Usually claiming tax refund is easier said than done. But then ofcourse, you're doing the correct thing by law :).
February 3rd, 2010 at 5:32 am
“In the case of a tie, the amount will be distributed evenly amongst the same rank holders.”
But on the contest page it says -
In the unlikely case of an overall tie (including the same score on the tie-breaker) a winner will be randomly chosen from the top scorers.
Please tell, since i will have to spend more time to get some money.
Also good news for not-so-good coders.
February 3rd, 2010 at 9:52 am
The money will be distributed evenly, not randomly.
February 7th, 2010 at 8:48 am
this is a very good change in prize structure ,during this change more student will be participating in codechef