Govt proposes hike in TDS threshold on rent to Rs 6 lakh from Rs 2.4 lakh

Saturday, 1 February 2025
The government proposes increasing the TDS threshold on rent from Rs 2.4 lakh to Rs 6 lakh annually as announced by Finance Minister Nirmala Sitharaman in her Budget 2025 speech. This move aims to reduce TDS transactions, offering relief to small taxpayers and simplifying compliance.

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TDS Relief In Budget: Threshold For TDS On Rent Hiked To Rs 6 Lakh From Current Rs 2.4 Lakh Annually

Threshold amounts for tax deduction will be increased for better clarity and uniformity," Finance Minister Nirmala Sitharaman said in her Budget speech.
Zee News on February 1, 2025

Budget 2025: Relief For Homeowners As No Tax On Second Self-Occupied House

In addition, the government has proposed raising the annual threshold for Tax Deduction at Source (TDS) on rent from Rs 2.4 lakh to Rs 6 lakh.
Zee News on February 2, 2025

Govt proposes hike in TDS threshold on rent to Rs 6 lakh from Rs 2.4 lakh

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