TDS On House Rent In India
India employs the Tax Deducted at Source (TDS) mechanism to deduct taxes directly from the source of income. This process involves deducting a specific amount of tax from the money paid by the payer to the recipient. In India, there are different circumstances in which TDS on rent is applicable. If the monthly rent for a house exceeds Rs 50,000, TDS is withheld at a rate of 5% of the annual rent. Different amounts collected as rent each year are subject to varying percentages. For further information about TDS On House Rent In India, please visit ORO Proptech.
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