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Description

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.

Description

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.