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
Ya definitely excited !!
Ya definitely excited !!
Ya definitely excited !!
Ya definitely excited !!
Awesome.. was hoping for something like this since CodeChef started .Thank you 🙂
Awesome.. was hoping for something like this since CodeChef started .
Thank you 🙂
Very Very excited in fact was waiting to see such change
Very Very excited in fact was waiting to see such change
Awesome 🙂
Awesome 🙂
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 ? 🙂
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 ? 🙂
Definitely for the better !!!Was hoping for something like this !!!
Definitely for the better !!!
Was hoping for something like this !!!
woww, really excitement change in prize structure………… 🙂
woww, really excitement change in prize structure………… 🙂
Thanks guys. It's great to see your enthusiasm!
Thanks guys. It's great to see your enthusiasm!
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.
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.
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.
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.
now there will be chance for new programmer to show there skill
now there will be chance for new programmer to show there skill
why should an Indian coming in the top 3 be an 'unlikely scenario' ? 🙂
why should an Indian coming in the top 3 be an 'unlikely scenario' ? 🙂
What will happen in case of a tie??
What will happen in case of a tie??
In the case of a tie, the amount will be distributed evenly amongst the winners.
In the case of a tie, the amount will be distributed evenly amongst the winners.
Will there be regular shorter online contests like online Snackdown events?
Will there be regular shorter online contests like online Snackdown events?
We will try to have shorter contests on a regular basis.
We will try to have shorter contests on a regular basis.
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? 🙂
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? 🙂
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. : )
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. : )
Ah, nice. Thought there had to be a catch. 🙂
Ah, nice. Thought there had to be a catch. 🙂
It s really good!!! I m sure the submissions on the challenge problem will increase drastically !!!! 🙂
It s really good!!! I m sure the submissions on the challenge problem will increase drastically !!!! 🙂
i thinke.. it should be applicable for us prize also ,
i thinke.. it should be applicable for us prize also ,
Usually claiming tax refund is easier said than done. But then ofcourse, you're doing the correct thing by law :).
Usually claiming tax refund is easier said than done. But then ofcourse, you're doing the correct thing by law :).
“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.
“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.
The money will be distributed evenly, not randomly.
The money will be distributed evenly, not randomly.
this is a very good change in prize structure ,during this change more student will be participating in codechef
this is a very good change in prize structure ,during this change more student will be participating in codechef