What is the rate at which tax is required to be deducted under section 194IB?
The tax shall be required to be deducted under s​ection 194IB at the rate of 5%. Further, the rate will not be enhanced by a surcharge or health and education cess.

However, tax deducted under this section shall not exceed the amount of rent paid for the last month of the financial year or the termination of tenancy, as the case may be.​