Exemption limit for TDS on rent payment

Rahul Gupta (Chartered Accountant) (644 Points)

17 October 2011  

I know that there is a exemption limit for TDS on Rent payment i.e.180000/- P.A. But i have a query that if the rent payment exceeds180000/- than the TDS will be deducted on the whole payment or only on the portion which exceeds180000/-

 

For. E.g. If i am paying a rent of20000/- p.m. i.e.240000/- p.a. than i will liable to deduct tax on60000/- i.e. the portion which exceeds180000/- or on the whole of240000/-