TDS on Rent under 194-IB

Gaurav Raj (38 Points)

08 March 2025  

Being an Individual, payment of rent more than 50,000 per month is liable for deduction of Tax under section 194-IB the rate of 5%. Further in finance act, 2024 it has been reduced to 2% effective from 1st October, 2024.

So I am paying rent of 80,000 per month from July to March and depositing TDS in 26Q at once. Should I deduct TDS with bifurcation i.e 5% from July to September and 2% from October to March or I should deduct 2% on the whole?

Please help. 

Thank You.