3587527 - Union Budget of India 2025-26: Changes related to TDS section 194I and 194B

The India Finance Budget 2025-2026 introduces key amendments to Tax Deducted at Source (TDS) regulations, specifically impacting Sections 194I and 194B.

Changes Effective from April 1, 2025:

• Section 194I (Rent):
  • The threshold for TDS deduction on rent payments is being changed from ₹2,40,000 per financial year to ₹50,000 per month or part of a month.
  • TDS will now be deducted on the entire rental amount if it exceeds ₹50,000 in a given month, rather than only on the amount exceeding the threshold.
• Section 194B (Lottery/Game Winnings):
  • The threshold for TDS deduction on winnings from lotteries, crossword puzzles, card games, and other games (excluding online games and horse races) is being changed to ₹10,000 per single transaction.
  • This is a change from 10,000 per financial year.

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