Calculate TDS on your property purchase and file correctly.
Know exactly how much TDS to deduct, the impact of seller's PAN, and get a complete Form 26QB filing checklist with deadlines.
Guidance/circle rate value of the property
Each buyer files a separate Form 26QB
TDS Amount
₹85,000
@ 1% on ₹85,00,000
Filing Checklist (Form 26QB)
- File Form 26QB within 30 days of month-end of deduction
- Each buyer-seller combination needs a separate Form 26QB
- Pay TDS online at tin-nsdl.com or incometax.gov.in
- Issue Form 16B to seller within 15 days of filing
- Late filing: ₹200/day penalty (capped at TDS amount)
Always verify seller's PAN before property registration to avoid 20x higher TDS
TDS on Property Purchase in India (Section 194IA)
Under Section 194IA of the Income Tax Act, any buyer purchasing immovable property (other than agricultural land) valued at ₹50 Lakhs or more must deduct 1% TDS at the time of payment. The TDS is calculated on the higher of the agreement value or the stamp duty value (circle rate). This TDS must be deposited using Form 26QB within 30 days from the end of the month of deduction.
How to File Form 26QB for TDS on Property
- Visit incometax.gov.in or tin-nsdl.com and select "e-Payment of TDS on Property"
- Enter PAN details of both buyer and seller, property details, and payment information
- Pay the TDS amount online via net banking or debit card
- Download the acknowledgment and generate Form 16B for the seller
- For joint buyers, each buyer files a separate Form 26QB for their share
Buyer compliance check
Do the TDS math before registration day.
For Bengaluru and Karnataka property purchases above the threshold, buyers often need to coordinate agreement value, stamp duty value, seller PAN, number of buyers, number of sellers, and Form 26QB filing. Missing this before registration can delay payment settlement and documentation.
Use the calculator to estimate the deduction and then validate the exact filing workflow on the income tax portal. For joint buyers or joint sellers, check whether separate challan-cum-statements are needed for each buyer-seller combination.
Official reference
Section 194IA, Form 26QB, Form 16B, seller PAN impact, and filing deadlines should be checked against the latest income tax guidance before payment.
Read income tax TDS property guideFrequently
Asked Questions
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