Rental Income Tax Calculator
Estimate the tax on your rental income after the 30% standard deduction, municipal taxes and home-loan interest.
Rental income
Tax on rental income
₹73,500
On ₹2,45,000 taxable income
- Net annual value
- ₹3,50,000
- 30% standard deduction
- – ₹1,05,000
- Loan interest
- – ₹0
- Taxable income
- ₹2,45,000
- Tax payable
- ₹73,500
Net Annual Value = rent − municipal taxes. You then get a flat 30% standard deduction (Section 24a) plus full home-loan interest. A negative result is a "loss from house property" — set off up to ₹2L against other income in the old regime.
Frequently Asked Questions
How is rental income taxed in India?
Rent is taxed under "Income from House Property". Municipal taxes paid are deducted from the annual rent, then a 30% standard deduction is allowed under Section 24(a), and interest on a home loan for the property is also deductible.
Is the 30% standard deduction allowed for actual expenses?
No. The 30% deduction is a flat allowance for repairs and maintenance, whatever you actually spend; you cannot claim actual repair costs separately.
Are the TerraNexxus calculators free to use?
Yes — every calculator and tool on TerraNexxus is completely free to use, with no sign-up or login required.
How accurate are these property and loan calculators?
They use standard, widely-accepted formulas to give a close estimate. For exact figures (loan eligibility, EMI, stamp duty, tax), always confirm with your bank, lender or a qualified financial advisor.
Do the calculators work on mobile?
Yes, all tools are fully responsive and work smoothly on mobile, tablet and desktop browsers.
Is the data I enter stored or shared?
No. Calculations run entirely in your browser — TerraNexxus does not store, track or share the values you enter.