Ads 2024 Budget Rent. Starting from october 1, 2024, the tds rate will drop from 5 per cent to 2 per cent for monthly rent payments that exceed rs 50,000. The union budget 2024 introduced several changes to the tax structure, tds rates and tcs rates, one of which pertains to the tax deducted at source (tds) on rent.
What it means for your salary, property, and rent. Union budget 2024 delivers massive boost with 3 crore affordable houses and tax cuts.