Reg: TDS On Rent Of Premises

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Padmanabhan Krishnasankar

Padmanabhan Krishnasankar (Querist)
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07 May 2008 I would like to know what is the rate at which the tds is to be deducted before paying the rent....

Amit Sharma

Amit Sharma (Expert)
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07 May 2008 TDS on rent is deducted on the following basis:-

IT Surcharge Cess
20% 10% 3%
(applicable if
rent is in excess
of 1,20,000 p.a.)

Hernce total coming to 22.66%.

Hope your doubt is clear now.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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07 May 2008 In case of rent of premises:

If the deductee is Indivisual/HUF, TDS rate is 15%, In other case 20%, + surchase, if applicable + Edn Cess

In case of rent of plant/machinery/Equipment

TDS Rate is 10% + SC + EC