What is the difference in TDS on Rent u/s 194-I and 194-IB?

What is the difference between section 194-I and 194-IB? 

Section 194-I is applicable to the tenant who is an individual or HUF (Hindu Undivided Family) and is liable to deduct tax (having a TAN) during the financial year while paying rent.

Section 194-IB is applicable to the tenant who is an individual or HUF (Hindu Undivided Family) and is not liable to deduct tax (not having TAN) during the financial year while paying rent.

As of FY:2018-19 TDS rate in case of 194-I is 10% and in case of 194-IB is 5%.

The minimum exemption limit for 194-I is Rs. 1,80,000 in a year and for 194-IB is Rs. 50,000 in a month.  

Is it compulsory for tenant to obtain TAN to report TDS on rent of property under section 194-IB? 

Tenant is not needed to obtain TAN. The tenant needs to deduct tax from rent and deposit online through Form 26QC. Here the PAN details of both landlord and tenant is to be reported along with the relevant details. 

What is the due date of payment of TDS deducted on payment of rent under section 194-IB? 

The due date of payment of TDS on rent is up to 30 days from the end of the month in which the deduction is done.