Rent tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2015 please give me the rent tds limits & percentages.

16 January 2015 it is u/s 194I rs. 180000/- per annum if you pay more then 10% for building rent tds. and on another @ 2% tds will be deductible.

16 January 2015 in case no pan is issued then pay @20%

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2015 if the rent amount exceeds above 2nd slab(1000000),we need to deduct 10% only?????

16 January 2015 There is only one slab. No 2nd slab.

Threshold limit is Rs 1.80 lacs p.a.

Rate: For Rent of Plant & Machinery 2% & for others 10%. If PAN not provided 20%.

TDS to be deducted on amount excluding Service Tax, if any.

Remember it is a threshold limit and not exemption limit. So if the threshold limit is crossed TDS to be deducted on total amount.


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