Paying Rs 50,000+ Rent? You may face Rs 1 lakh in penalties if you ignore this Income tax rule

If your monthly rent crosses Rs 50,000, income tax rules require tenants to deduct tax at source (TDS) before paying the landlord. Many renters are unaware that this responsibility lies with them, not the landlord. Even if the rent exceeds the limit for only one month in the financial year, the rule applies. Understanding this requirement helps tenants avoid penalties and stay tax compliant. Rent above Rs 50,000? Tax rules every tenant should know