Rent TDS calculation

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59 Points Posted on 10 June 2020
Rent 38,115 TDS 10 percent 3811.50
but in TDS return mention 3812
it is correct ?
.50 excess payment
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On 10 June 2020 at 15:06 Report
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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.

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GST Practitioner & Accounts
15150 Points Posted on 10 June 2020

please  refer  section  288B  of the  Income  Tax  rounding  of  an amount  payable . 

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On 10 June 2020 at 15:52
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Student
1321 Points Posted on 10 June 2020
Round off to nearest ruppee terms.
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On 10 June 2020 at 16:03
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4215 Points Posted on 10 June 2020
It is found in order
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On 10 June 2020 at 17:07

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