The show - a huge hit in the UK, US and Australia - airs next month, featuring Indian TV stars as competitors.
Khan has already hosted Indian versions of Who Wants to be a Millionaire? and Are You Smarter than a 5h Grader?.
'Banana skin' In Friday's news conference at a luxury Mumbai hotel, Khan said: "I am so charged and so happy to be back after taking a break due to injuries last year and this is just the right show."
He added: "This show is different from the previous two shows as there is no quizzing here.
"Without hurting anybody, we all tend to laugh at others' discomfort. When someone slips on a banana skin and falls it's funny. It's like that."
Shot in Argentina, Zor Ka Jhatka involve nearly 30 celebrities competing for prize money of $330,000 (£210,000).
Produced by Imagine TV, the first season will have 16 episodes beginning in January.
Source: BBC