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Rental Income Tax

Tax on rental income with 30% standard deduction & Section 24.

Annual Rent Received

Property Tax Paid

Interest on Loan (Sec 24)

TAXABLE RENTAL INCOME

₹42,500

Net Annual Value₹2,75,000

30% Standard Deduction₹82,500

Section 24 Interest₹1,50,000

Total Deductions₹2,32,500