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of <h1>Threshold for Tax Deduction on Lottery and Game Winnings Raised to 10,000 Under Section 194B. Effective July 2010.</h1> Section 194B of the Income-tax Act is amended to increase the threshold for tax deduction on winnings from lotteries, crossword puzzles, card games, and similar games from five thousand rupees to ten thousand rupees. This change requires any person responsible for paying such winnings to deduct income tax at the applicable rates if the amount exceeds ten thousand rupees. The amendment is set to take effect on July 1, 2010, as part of the Finance Bill, 2010, under Chapter III, which addresses direct taxes.
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