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TDS DEDUCTION ON RENT
GIFT City investment: Here’s how resident Indians can invest in global stocks, ETFs, and mutual fundsIndian investors can now access global stocks, mutual funds, and bonds through GIFT City, India's first smart city and International Financ...12 Jun, 2026, 01.47 PM IST- Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...12 Jun, 2026, 07.11 AM IST
- Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...11 Jun, 2026, 01.29 PM IST
- Waiting for Form 16? Here’s when employers may issue it for AY 2026-27 ITR filingSalaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form ...04 Jun, 2026, 07.11 AM IST
- 12 key income tax form changes every taxpayer should know: From Form 16 to Form 168A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...08 May, 2026, 10.09 AM IST
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...30 Apr, 2026, 12.07 PM IST
- Highest 444-day FD interest rates from PSU banks: Which bank offers highest interest rate on 444-day fixed deposit scheme?Many leading PSU banks offer the 444-day FD at attractive interest rates to general, senior and super senior citizens. From State Bank of I...24 Apr, 2026, 12.13 PM IST
- New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statementThe Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form sim...14 Apr, 2026, 10.47 AM IST
- Paying high rent? Don't forget to deduct TDS before March 31, 2026 or you may face penalties and interestTenants paying more than Rs 50,000 in monthly rent must deduct TDS at 2% before March 31, 2026. This compliance is for the financial year e...26 Mar, 2026, 04.33 PM IST
- Paying Rs 55,000 rent on time could not save salaried taxpayer from Rs 1 lakh penalty for missing TDS, know whyAn individual faced a Rs 1 lakh penalty for not deducting TDS on monthly house rent of Rs 55,000. According to Section 194-IB, TDS at 2% mu...29 Jul, 2025, 10.48 AM IST
- Paying rent above Rs 50,000? You can be classified as assessee in default by income tax dept if you fail to deduct TDSTDS on rent: According to a Income Tax Department brochure, Form 16C is a TDS certificate issued by a tenant to a landlord for rent payment...12 Apr, 2025, 11.18 AM IST
- Claimed HRA but skipped TDS? Income Tax department comes knocking with noticesTaxpayers claiming HRA exemptions but failing to deposit TDS on rent are receiving Income Tax Department notices. Under Section 194-I, tena...31 Mar, 2025, 12.13 PM IST
- Budget 2024: Rate of TDS on house rent payment of more than Rs 50,000 per month cut to 2% from 5%Union Budget 2024: Now you will have to pay a lower percentage of tax deducted at source (TDS) on house rent payments exceeding Rs 50,000. ...23 Jul, 2024, 02.56 PM IST
- When is TDS to be deducted from house rent payments to the landlord?If you are paying a house rent of more than Rs 50,000 per month, then make sure to deduct TDS from such rent and deposit it in the governme...01 Mar, 2024, 10.59 AM IST
- Paying house rent of more than Rs 50000 per month? Penalty you will pay for not deducting TDSIf an individual is liable to deduct TDS before making certain specified payments then it must be done at once. Otherwise the consequences ...12 Oct, 2023, 10.58 AM IST
- Paying rent less than Rs 50K but sharing flat with others? You could be liable to deduct TDSIf a tenant is paying an rent of more than Rs 50,000 to his/her Indian resident landlord then TDS must be deducted. However in case a flat ...07 Oct, 2023, 06.43 PM IST
- Paying Rent to NRI landlord? Deduct TDS, else pay penaltyAre you paying housing rent to a Non-resident Indian? If yes, then ensure that you are deducting tax before making a rent payment to the NR...03 Nov, 2022, 10.17 AM IST
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