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TDS ON RENTAL INCOME
Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27- ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing season
- NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investment
- NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...19 Jun, 2026, 03.44 PM 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
- Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...22 May, 2026, 04.22 PM IST
- Turning 60 this year? Senior citizen can file Form 121 to prevent TDS for the Tax Year 2026-27; Check how to avail and key details herePeople turning 60 at any point during the financial year can now claim senior citizen benefits for the full year while filing the new Form ...13 Apr, 2026, 06.01 PM 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 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 2025: Real estate stocks rally up to 9% after rent TDS threshold raised to Rs 6 lakhThe Union Budget 2025 has raised the TDS threshold on rent beyond Rs 2.4 lakh, reducing the tax burden for landlords and tenants while simp...01 Feb, 2025, 01.24 PM IST
- Money Matters: An NRI's guide to renting out property in IndiaNRIs renting out properties in India must manage taxes effectively. Rental income exceeding exemption limits requires filing an ITR. Compli...30 Dec, 2024, 01.58 PM IST
- Now you can’t declare house rental income as business income to save tax: Budget 2024 plugs tax avoidance loopholeUnion Budget 2024 House Rental Income: Now you can't save tax from rental income of residential house property. You have to mandatorily dec...23 Jul, 2024, 05.45 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
- 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
- TDS, TCS cut: More funds for taxpayersThe finance minister also announced that the due date of all income tax (I-T) returns for assessment year 2020-21 will be extended to Novem...19 May, 2020, 05.33 PM IST
- Propose to hike TDS threshold on rent income to Rs 2.4 lakh: FMAmong other measures, he said benefits under Section 80(i)BA were being extended for one more year for all housing projects approved till t...01 Feb, 2019, 02.36 PM IST
- Budget 2013: What NRIs expect from the Finance MinisterThere is much the Budget can do to make tax procedures simpler for NRIs as well as to attract more NRI investments.22 Feb, 2013, 09.48 PM IST
- When and how much tax is deducted at source?Find out about the different sources of income that invite TDS and how you can reduce your tax outgo.07 May, 2012, 08.26 AM IST
- TDS just got a little less tediousDeduction would be in order if the payments exceeded the prescribed threshold limit. But, the Budget has increased the threshold limit of a...27 Feb, 2010, 01.48 PM IST
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