Rent Above ₹50,000? Remember The 2% TDS Rule

If you pay rent above ₹50,000 per month, Indian tax rules require you to deduct 2% TDS under Section 194‑IB before the financial year ends to report high‑value rental payments properly. This deduction is usually made once at year‑end or when vacating. Failure to comply can lead to penalties, interest, and scrutiny from the tax department.