Section 194BB - TDS on winning from Horse Race - Income Tax - Ready Reckoner - Income Tax

TDS on winning from Horse Race - Section 194BB Deductor Any person being a book maker or a person to whom license has been granted by the government under any law for horse racing in any race course or for horse racing in any race course or for arranging for wagering or betting in any race course. Deductee Any person Time of Deduction At the time of payment. Rate of TDS 30% Threshold Limit - Upto 31.03.2025 - the amount or aggregate of amounts exceeding Rs. 10,000 during the financial year From 01.04.2025 - the amount in respect of a single transaction exceeding Rs. 10,000. [ Amended Finance Act, 2025 ]