TDS Section 194BB — Winnings from horse races
FY 2025-26 · Rate 30%
What does this section cover?
TDS on winnings from horse races organised by licensed bookmakers/race clubs.
Why this section: Winnings from horse race betting taxed at flat 30%; race club deducts TDS at payout.
Key facts
- Threshold
- ₹10,000 per single winning
- Applicable for
- FY 2025-26
- Who deducts
- Bookmaker / race club / licensee
- Paid to
- Winner
- Statutory source
- Section 194BB, Income Tax Act
Common terms accountants use
If your description mentions any of these, Section 194BB is likely the right answer. The matcher in this tool is a keyword scorer — not an AI classifier — so cross-check borderline cases against the official CBDT TDS rate chart.
Related TDS sections
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Search TDS sections →Source: curated from the CBDT TDS rate chart. Dataset snapshot: 2025-04-01. Rates can change between Finance Acts and notifications — verify before deducting.