Section 194I – TDS on Rent

Tax Glossary Definition

Section 194I – TDS on Rent

Under this section, any person responsible for paying rent for land, buildings, machinery, or equipment must deduct tax at source if the total rent during the financial year exceeds the specified threshold. The applicable TDS rate depends on the type of asset being rented—for example, 10% for land or buildings and 2% for plant or machinery.

Example: Suppose a company pays ₹1,00,000 as rent for an office space in a financial year. The payer must deduct TDS at 10%, resulting in a deduction of ₹10,000.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App