New Delhi, April 28 -- As a tenant if you are paying a rent for more than Rs.50,000 a month, you are supposed to deduct TDS (tax deducted at source) of 2 percent at the time of giving money to the landlord. Before Sept 20, 2024, the tax rate stood at 5 percent. So, if you too deducted extra tax, you can reclaim it by applying for a refund on TRACES portal.

Taxpayers who file their tax return under the old tax regime are entitled to claim exemption for house rent exemption (HRA). Under the old tax regime, HRA is exempted under section 10(13A) of Income Tax Act for salaried individuals, explains the information on the Income Tax India potal.

Here, we share a step-by-step guide to reclaim the extra tax paid.

Step I. Login to TRACES websit...