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tds on rent- for individual

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(Querist)
27 February 2008 salaried employees paying monthly rent Rs.15000/- (annual Rs.180000/-) on that amount TDS deducted or not?

sir please
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
27 February 2008 I WANT TO CLARIFY THAT ON SALARIED EMPLOYEE TDS SECTIONS SHALL NOT BE APPLICABLE AND HE IS NOT REQUIRED TO DEDUCT TDS ON RENT .
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jegannath G

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jegannath G (Expert)
27 February 2008 Sorry, TDS is to be deducted by the payee only if his/ her account needs to be audited under income tax act (44AB)

hence salary employee paying Rent exceeding the basic exemption, need not deduct TDS.
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Ca. Alok Gupta

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Ca. Alok Gupta (Expert)
28 February 2008 individual is not liable to deduct TDS on rent if he is not covered under section 44 AB

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