Confused About TDS on Rental Payments? Need Help with Registration and Deductions!

Hi, after compliments to all of you, I want to know what is the procedure for deducting the TDS from rental payment. Do I have to register with the tax department and get any account number like a TIN number? Also, how much do I have to deduct? I am paying Rs. 25,000/- per month. So far, I have not deducted; will there be any penalty, etc.? Please enlighten me on the complete procedures for this.

Thanks in advance. It's a bit urgent.
Regards.

To deduct TDS, there are many criteria. I believe you are from some company. If so, does your company have a PAN Number? Does your company have a TAN Number? To deduct, everyone should have both PAN and TAN numbers. At the same time, even the building should have a PAN number and service tax number too. If the building owner has a PAN number, then the applicability of TDS is 10% on the rent amount, i.e., 10% of 25000 = 2500. If there is no PAN number, then TDS is 20% on the rent amount, so the total TDS will be 5000. If the owner has service tax, then they should charge Service Tax of 12.36% on the base rent amount.

Total Calculation

Base Rent = 25000
TDS @ 10% = 2500
Service Tax @ 12.36% = 3090
Total Payable = 19410/-

Regards