Rental Income Tax Calculator
Calculate tax on rental income with all deductions
Calculate tax on rental income with all deductions
Rental income is taxable under "Income from House Property" in India. You're entitled to a standard deduction of 30% of the Net Annual Value (NAV), and you can also deduct property tax paid and home loan interest.
The taxable income is then added to your total income and taxed as per your income tax slab. Proper planning and documentation of expenses can help minimize your tax liability.