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TDS rate
| 194I | Rent | At the time of credit or payment, whichever is earlier, when the amount exceeds Rs. 1,80,000/- | 10% – If rent is for land, building or furniture(20% if no Valid PAN) |
| 2% – If the rent is for Machinery, Plant or Equipment(20% if no Valid PAN) |
| 194IB | Rent payable by an individual or HUF not covered u/s. 194I (W.E.F. from 01.06.2017)
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Tax shall be deducted on such income at the time of credit of rent, for the last month of the previous year or the last month of tenancy if the property is vacated during the year, as the case may be, to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier. |
Threshold limit Rs. 50,000/- per month. TDS to be deducted @ 5%
Read- TDS on rent made applicable to Individual / HUF even if no Tax Audit |
2% if rented thing is Plant and Machinery
10% if land or building or furniture or fittings (5% if rent exceeding Rs 50,000 / month is paid by individual/HUF who are not liable for tax audit)
For P&M - 2%
Others 10% (5% if rent exceds Rs.50,000 p.m. is paid by Individuals / HUF who are not liable for tax audit)
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