What is the TDS on Rent for Property / Rent for property/Property/ Rent/ TDS on Rent for Property / Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. The TDS on rent for the property is usually 10% of the total rent amount. However, the actual rate of TDS may vary based on the provisions of the Income Tax Act, of 1961. TDS on rent is applicable when rent paid in a financial year exceeds Rs. 2, 40, 000. TDS can be deducted at the rate of 5% of the amount exceeding Rs. 2, 40, 000. The TDS amount should be deposited with the government using Form 26QC. The landlord should provide his PAN to the tenant to enable him to deduct the TDS. The tenant should also provide the landlord with a copy of the TDS certificate (Form 16C) issued by the deductor. The TDS should be deposited on or before the 7th of the month succeeding the month in which the tax was deducted. At Saanvika Legal Associate, other laws cases like business law, financial law, insurance law, environment law, consumer law, property law, banking, tax, cyber, labour, constitutional, legal registration, nocs, litigations, criminal, family law, and so on are provided.