How and when to deposit tds on house rent

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This discussion clarifies the process for depositing TDS when house rent exceeds £50,000. The tenant is responsible for deducting TDS at 2% (effective from 1st October 2024) and needs to deposit it by the 7th of the following month. For example, TDS deducted in January for advance rent covering January and February should be deposited by 7th February.

Archana

Archana (Querist)

02 February 2025 House rent is more than 50k. So tenant deducted tds @ 2%. How to pay it. Do the tenant need to deposit it every month? Please guide

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

03 February 2025 TDS at the rate of 5% should be deducted at the last month of the financial year March or the last month of the tenancy of the year

Archana

Archana (Querist)

03 February 2025 Tds has been reduced to 2% from 1st Oct 2024. Tenant is paying rent bimonthly in advance I.e paid rent of Jan and Feb in Jan and deducted tds @2%. So when it should be deposited

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

03 February 2025 It can be deposited on or before 7th February 2025.

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