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<h1>Tax Deduction at Source (TDS) Mandatory for Monthly Rent Payments Over 50,000 Rupees by Individuals and HUFs at 5% Rate</h1> A legal provision mandating Tax Deduction at Source (TDS) for rent payments exceeding 50,000 rupees monthly by individuals or Hindu undivided families. The TDS rate is currently 5% (reducing to 2% from October 2024). Deduction occurs at rent credit or payment time, with specific requirements for statement filing, certificate issuance, and limitations on excessive deductions. Exemptions apply for certain business turnover thresholds.