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