Rental Income Tax | Big Relief for House Owners in New Income Tax Bill (Property without Loan)

The Central Government has introduced a new Income Tax Bill that brings major relief to house owners across India. (property without loan)

Under the new rule, rental income will no longer be taxed on the full rent received. Instead, house owners will be taxed only after:

Deducting Municipal Taxes paid to the local authority.

Claiming a 30% Standard Deduction from the remaining amount.

This deduction is given to cover repairs, maintenance, and other related expenses.

👉 Example:
If annual rent = ₹5,00,000 and Municipal Tax = ₹50,000 → Net Rent = ₹4,50,000.
From this, 30% will be deducted, and tax will apply only on the balance.

This new provision means house owners will save more and pay less tax!

📌 Watch the full video to understand how it works and what it means for you

Видео Rental Income Tax | Big Relief for House Owners in New Income Tax Bill (Property without Loan) канала Hemant Jain