TDS On House Rent in India

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TDS On House Rent in India

ORO Proptech

17 Oct 2023 • 177 विचारों

ORO Proptech is a real estate company in Banglore. We resolve every property-related issue in a very effective manner whether it's a rental agreement, tax details, and many more.

TDS (Tax Deducted at Source) is a system used in India to collect taxes directly from the source of income. It involves deducting a specific percentage of tax from the payment made by the payer to the receiver. TDS on House rent in India is applicable under different conditions. Suppose the monthly rent of a house exceeds Rs 50,000, then TDS is deducted at the rate of 5% of the annual rent. Different percentages apply to various amounts collected yearly as rent. You can visit ORO Proptech to get more information about TDS on House rent in India.