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what is the treatment of rent paid more than 10000rs.

Answer Posted / rajesh

If we are paying Rent morethan 10,000 /-. PM we are liable
to deduct the TDS u/s 194 I

1)Paying to induvidual - TDs-15% & SC -10% & Cess -3%
(if income crossess more than 10,00,000 we have to
deduct Surcharge unless no need of deduct Surcharge for
induvidual)

2)Paying to Company - TDS -20% & SC-10%,& Cess-3%

We have remit the TDS on or before 7th every month. and E-
TDS to be filled quarterly on or before 15Th

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