TDS on Rent 2% of 5%

My lease agreement ends in October 31 2024. I have been renting since January 2024. 

I usually deduct TDS for the landlord in the last month of the agreement for the full financial year. Since this year TDS rate for the rent by individual is reduce to 2% (from 5%) effective October 1st 2024. 

Should I be deducting TDS by 2% for all the 7 months, or apply 5% for the first six months and 2% for October month only.  

Replies (4)
Quick Summary
For rent TDS where rate changes during the year, apply the applicable rate period-wise (e.g., 5% for earlier months and 2% only from effective date). Deduct TDS as per actual applicability for each period and deposit using Form 26QC, generally at the time of payment/last month.

5% for first six months............

Acknowledgement is mandatory

Hi,
My rent agreement with owner from April, 2024 till 31st March 2025 and I was planning to pay at last financial month that is 15th March 2025, I haven't deduct TDS yet.
In this case for two different rate. How to I deduct TDS and how many challan will be there two or one?
if two then, Am I liable to pay penalty of 1.5% on first 9 month (April to December) with 5% ? Or just simply calculate and pay challan without penalty?   

  1. the tenant, being an individual or HUF, is not liable to get its accounts audited.
    TDS is applicable when the rent paid exceeds ₹50,000 per month.
  2.  File single form 26QC, if TDS deducted in the last month.

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