Budget 2024: Rate of TDS on house rent payment of more than Rs 50,000 per month cut to 2% from 5%

Union Budget 2024: Now you will have to pay a lower percentage of tax deducted at source (TDS) on house rent payments exceeding Rs 50,000. The Union Budget has amended section 194-IB and reduced the rate of TDS to 2% from 5%. Here's what this means for you.