TDS ON HOUSE RENT RS 17500 PM

Refer section 194-I:
No deduction of TDS applies where the rent is less than Rs. 1,80,000/year. that means till Rs. 15,000/month, it is not liable for a bank to deduct TDS on the amount paid but if monthly rent is more than Rs. 15,000, then 10% of the rent paid is to be deducted as per section 194-I as said above. This section does not applies to invidual or HUFs paying to the owners. Bank, not being an individual or HUF, liable to deduct 10% TDS every month.

Yes. You can deduct TDS @ 10% under 194i.....

Is rent agreement between bank and land owner or directly with you????????

Sir, Good question. I'm proud of you as a follower...
I don't think this way.....! Thank you Sir.....

rent agreement is between bank and land lord

Then 10% only is applicable in ur case Mr. Jitin!!

thanks a lot all of you