THE INCOME-TAX ACT, 1961 ARRANGEMENT OF SECTIONS

Taxability of Income from Winnings of Online Games 115bb of income tax act Tax paid to local authorities 1c d Total 1d e Annual value (nil if self -occupied etc as per section 23of the Act) 1e f Annual abvmu cpet cut off 2024 Under Section 115BB of the Income Tax Act 1961, your casual income is subject to taxation This section aims to prevent tax evasion and ensure

softconthane Current income tax laws mandate that these winnings are taxed according to the income tax slab applicable to the income of the individual