Rent TDS — Form 141 Schedule A

Rent TDS — dual citation (pre- and post- Income-tax Act 2025):
Pre-2025 Act position (Section 194-IB, Income-tax Act 1961) — an individual/HUF not subject to tax audit, paying monthly rent exceeding ₹50,000 to a resident landlord, must deduct TDS at 2% (reduced from 5% by the Finance (No. 2) Act, 2024, with effect from 1 October 2024), provided the landlord furnishes PAN (else deduction is at a higher rate). The deduction is made once a year (at the end of the tenancy or the financial year, whichever is earlier), reported via Form 26QC within 30 days of the end of the month of deduction, and a Form 16C certificate is issued to the landlord within 15 days of filing Form 26QC.
Income-tax Act, 2025 position — with effect from 1 April 2026, the same rent-TDS obligation is reported using Form 141, Schedule A, under the unified challan-cum-statement framework of Section 393(1), which subsumes the erstwhile Form 26QC. The filing window remains 30 days from the end of the month of deduction.
For rent periods/deductions falling before 1 April 2026, the Section 194-IB/Form 26QC/Form 16C citations above apply; for deductions from 1 April 2026 onward, the Form 141/Schedule A citation applies. The 2% rate (post-1 October 2024) is the currently applicable rate under either regime pending any further rate change.

We help tenants determine applicability, compute TDS on rent and file Form 141 Schedule A under Section 393(1) [Table Sl. No. 2(i)] of the Income-tax Act, 2025. This is useful where rent payments cross prescribed thresholds and PAN-based reporting applies.