Section 194I of Income Tax Act: TDS on Rent Under Section 194I

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Rent TDS Rates Applicable Under Section 194I

TDS is applicable when the payee credits ‘income by way of rent’ to the landlord’s account. Note that if you receive rent through cheque, draft or cash, this tax will be deducted during the time of payment.

The table given below provides an insight into the 194I rent TDS rate based on the payment type.

This includes the rates applicable under 194I (a) and 194I (b) TDS on rent.

Payment Type	TDS Rate For Individuals/Company	TDS Rate For Invalid or No PAN
Rent on building, furniture, land, or fittings	10%	20%
Rent paid on machinery and plant	2%	20%

Section 194I of Income Tax Act

What Is Section 194I of the Income Tax Act?

Payments Covered Under Section 194I

Income from Letting Out of Factory Building

TDS Requirement When Rent is not Payable Monthly

Rent Covers Service Charges

TDS Requirement in the Case Where Furniture, Building, etc., Are Let Out by Separate Persons

Charges Related to a Cold Storage Facility

Hall Rent Paid by an Association for its Usage

Payments to Hotels for Holding Seminars (Including Lunch)

Rent TDS Rates Applicable Under Section 194I

Circumstances When TDS Under Section 194I Is Not Deductible

Time Limit Within Which Tax Needs to be Deposited

Frequently Asked Questions

✓ On what amount should TDS deduction under Section 194I take place if the rentals include ground rent, municipal tax, etc.?

✓ Is TDS applicable on security deposit of rent?

More article about Income Tax in India

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