Our company paying rent 14500/- P.M from april 2013. In march 2014 rent agreement revised now we are paying 25000/- P.M. rent for march 2014 is 25000/-. we didn't deduct any tax because rent was not exceeding 180000 P.A. Please tell if we require to deduct TDS from now and how much amount????
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Tds on rent
Replies (3)
Yes Devendra, now tax has to be deducted.
@ 10% on total amount of rent paid / credited during the year.
Thanks,
Devanand
dear Sir,
Can you tell me the amount to be deducted with showing all caculation
TDS will be Rs.18,450/- (10% of 1,84,500)
Rent from April-13 to Feb-14 - Rs.159500 (14500*11)
Rent for March-14 Rs. 25000
Total Rent Rs.1,84,500
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