Rent Threshold News - Latest Updates & Headlines
Big relief in TDS deduction on rent from Rs20,000 to Rs50,000 per month
New Delhi, February 1: In a major relief for taxpayers, Finance Minister Nirmala Sitharaman on Saturday announced an increase in the threshold for Tax Deduction at Source (TDS) on rent from Rs2.40 lakh per annum to Rs6 lakh per annum while presenting the Union Budget 2025-26.