TDS on Rent
TDS Rate on Rent#
Land/Building#
- 2% if PAN provided
- 20% if PAN not provided
Plant/Machinery#
- 2% if PAN provided
- 20% if PAN not provided
Threshold Limit#
- ₹2,40,000 per year (₹20,000/month)
When to Deduct TDS#
- Payment exceeds ₹20,000/month
- Deduct at time of credit/payment
Certificate#
- Form 16A from landlord
Conclusion#
Landlords must provide PAN for lower TDS.