TDS rate for the house rent payment

This discussion clarifies the TDS (Tax Deducted at Source) rates applicable to house rent payments. If the monthly rent exceeds £50,000, a TDS of 5% is generally deducted. It's important to note that TDS on property *purchase* differs, with a 1% rate applying to transactions over £50 Lakhs, and a higher 20% if the seller's PAN is not provided. The specific section for TDS on rent is typically 194I, with a standard rate of 10% on rent paid or credited, provided other conditions are met.