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of <h1>Income Tax Deduction Threshold for Lottery Commissions Raised to Rs. 20,000 Under Section 194G, Effective April 2025.</h1> Section 194G of the Finance Bill, 2025, addresses the deduction of income tax on commissions related to lottery ticket sales. It mandates that anyone responsible for paying commissions, remuneration, or prizes exceeding Rs. 15,000 to individuals involved in stocking, distributing, purchasing, or selling lottery tickets must deduct income tax at a rate of two percent. The proposed amendment increases this threshold from Rs. 15,000 to Rs. 20,000, effective April 1, 2025.
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