Rent TDS calculation

This discussion clarifies a common query regarding the calculation of Tax Deducted at Source (TDS) on rent. When calculating rent TDS at 10%, a discrepancy can arise due to rounding rules. Section 288B of the Income Tax Act mandates that any amount payable should be rounded off to the nearest rupee. Therefore, a calculated TDS of 3811.50 might be reflected as 3812 in the TDS return, which is considered correct according to the law.