TDS on Rent: How to get a refund for excess TDS deducted from house rent payments? Here’s a step-by-step guide

TDS: If you are paying rent above Rs 50,000 then you need to deduct TDS at 2% rate from October 2024. But this rate of TDS was 5% earlier, hence in this confusion if you deducted a higher TDS then you have two options- either negotiate with your landlord or seek excess TDS refund from the income tax department through the TRACES portal. Read to know more.