Income Tax On House Rent

Paying Rent over Rs.50,000 pm - Deduct 5% TDS Are you an Individual*/HUF* paying rent over ₹50,000 per month? Deduct & Deposit 5% TDS (*except those liable to audit under clause (a) and (b) of section 44AB of the I.T. Act, 1961) Deposit the TDS through e-payment or at authorised bank branches! Deduct TDS @5% of the rent for year, at the time of credit/payment of rent … [Read more...] about Paying Rent over Rs.50,000 pm – Deduct 5% TDS