🏠Our Form 141 (Form 26QC) TDS on Rent Service
TDS Consultation
Expert guidance on TDS applicability on rent — eligibility criteria, 2% TDS rate (w.e.f. Oct 2024), threshold limits, and challan payment process.
Challan Payment Guidance
Support in TDS challan payment process — calculation, deposit, and reconciliation with Form 141 (Form 26QC) filing. No TAN required.
Form 141 (Form 26QC) Filing
Professional preparation and filing of Form 141 (Form 26QC) on TRACES with accurate rent and TDS details for the tenancy period.
Form 132 (Form 16C) Generation
Generation of Form 132 (Form 16C) — TDS certificate to be issued by the tenant (deductor) to the landlord (deductee).
Income Tax e-Filing & TRACES
Complete Income Tax e-filing and TRACES registration support for rent TDS return submissions on the government portal.
Expert Support
Ongoing expert support via email, phone & chat during business hours for all rent TDS queries and compliance matters.
Who Should Buy This Service?
Any resident Individual or HUF paying monthly rent above ₹50,000 to a resident landlord
Tenants who are NOT liable to tax audit (u/s 63(a) or u/s 61(b) of IT Act 2025)
Salaried employees paying high rent who need to deduct TDS on rent and obtain Form 132 (16C)
Tenants who want to obtain Form 132 (Form 16C) for their resident landlord's tax compliance
Important Update (w.e.f. Oct 1, 2024): The rate of TDS on rent has been reduced from 5% to 2% as per Union Budget 2024. Tenants are now required to deduct 2% TDS on rent paid or payable to the resident landlord when monthly rent exceeds ₹50,000. Refer Guide on Form 141 (Form 26QC) for additional information.
⚙️Our Filing Process
1
Receive & Review Documents
Upon receiving the documents, our expert reviews all details and calls you before starting the filing process.
2
Expert Team Review Call
Expert team exchanges information via email and phone calls to verify tenant and landlord details, rent amount, and tenancy period.
3
TDS Calculation & Challan
Calculate 2% TDS on total rent, guide on challan payment process, and verify payment receipt before filing.
4
Form 141 (Form 26QC) Filing
Prepare and file Form 141 (Form 26QC) on the Income Tax portal for TDS on rent with all deductee and tenancy details.
5
Form 132 (Form 16C) Generation
Generate and deliver Form 132 (Form 16C) for the landlord. Filing within 1–2 days; Form 132 (16C) within 7–15 working days after filing.
Processing time: 1–2 working days for Form 141 (26QC) filing; 7–15 working days for Form 132 (Form 16C) generation.
📂Documents to be Submitted
PAN of Tenant
Valid PAN of the tenant (deductor) for TDS deduction records. TAN is NOT required for Form 141 (26QC) filing.
PAN of Landlord
Valid PAN of the resident landlord (deductee) for Form 132 (Form 16C) generation and TDS credit
Address & Contact — Tenant
Registered address, mobile number, and email ID of the tenant for TRACES compliance
Address & Contact — Landlord
Registered address, mobile number, and email ID of the landlord for Form 132 (16C) delivery
Address of Let-out Property
Complete address of the rented property as it appears in the rental agreement / leave & license deed
Period of Tenancy & Rent Details
Tenancy start and end dates, monthly rent payable, and total rent for the filing period
✅Service Benefits
Faster Service — Dedicated expert team ensures quick turnaround within 1–2 working days for Form 141 (26QC) filing
Challan Payment Process — Complete guidance on TDS challan payment calculation, deposit, and reconciliation for rent payments
Post-Service Follow-up — Continued expert support for any Income Tax Department notices or queries after filing
Form 141 PDF Report — Comprehensive Form 141 (Form 26QC) PDF report covering all TDS and rent filing details for your records
Form 132 (Form 16C) Assistance — Expert assistance in generating and downloading Form 132 (Form 16C) for the landlord from TRACES
General Guidance — Expert guidance on HRA exemption, TDS compliance, and rent receipts for income tax purposes
Note on Filing Due Date: The due date for TDS payment under Form 26QC (Form 141) is 30 days from the end of the month in which TDS was deducted. For example, if deduction is made on 10th March, TDS must be paid by 30th April. Late filing attracts a fee of ₹200 per day under Section 234E (IT Act 2025: Section 427), restricted to the total TDS amount.
❓Frequently Asked Questions
What is TDS on Rent (Form 26QC / Form 141)?
The Finance Bill 2017 proposed that any resident Individual or HUF (other than those required to get audited) who is paying monthly rent in excess of ₹50,000 is liable to deduct TDS on amounts paid to the Landlord. This TDS must be filed using Form 141 (previously Form 26QC). Refer Guide on Form 141 (Form 26QC) for additional information.
Who is responsible to deduct TDS on Rent, and at what rate?
The Tenant/Lessee of the property needs to deduct TDS on rent payable to the Landlord/Lessor. The rate is 2% w.e.f. 1st October 2024, as reduced by Union Budget 2024 (earlier it was 5%). This applies when monthly rent exceeds ₹50,000 to a resident landlord. Tenants are required to deduct 2% on rent paid or payable for the entire tenancy year at the time of last payment of rent or vacating the property, whichever is earlier.
Is TAN (Tax Deduction Account Number) mandatory for filing Form 26QC (Form 141)?
TAN is NOT mandatory for filing Form 141 (Form 26QC). PAN of the Tenant and PAN of the Landlord is sufficient for filing Form 141 (Form 26QC). This makes it easy for salaried individuals and HUFs to comply without obtaining a separate TAN registration.
What is Form 132 (Form 16C)?
Form 132 (previously Form 16C) is the TDS certificate to be issued by the deductor (Tenant of property) to the deductee (Landlord of property) in respect of the taxes deducted and deposited into the Government Account. The landlord uses this certificate to claim TDS credit when filing their income tax return. We generate this from TRACES and deliver it to you within 7–15 working days of Form 141 filing.
What is the due date of payment of TDS on rent of property?
The due date for payment of TDS on rent (Form 26QC) is 30 days from the end of the month in which the deduction is made. For example, if deduction is made on 10th March 2025, TDS needs to be paid by 30th April 2025. Note: For the last month of the financial year (March), special rules apply — TDS must be deducted at the time of the last rent payment or vacating, whichever is earlier.
What are the consequences if Form 26QC (Form 141) is not filed within the due date?
There is a late fee of ₹200 per day if Form 141 (Form 26QC) is not filed within the due date under Section 234E of Income Tax Act 1961 (IT Act 2025: Section 427). However, the total late fee is restricted to the total amount of TDS. Additionally, non-filing within one year can attract a penalty of ₹10,000 to ₹1,00,000. We recommend timely filing to avoid these consequences.
⭐Client Reviews
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"Had a great experience with EZTax. The team provided quick, thorough and friendly support. Form 26QC filing was seamless and they generated Form 16C on time for my landlord."
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