Rental Income Tax Calculator
Estimate the tax on your rental income after the 30% standard deduction, municipal taxes and home-loan interest.
Rental income
₹3,60,000 per year
₹10,000
Fully deductible for a let-out property
Your income tax slab
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.