Rental Income Tax Estimate

Approximate tax on annual rental income after the 30% standard deduction (Sec 24a) and interest on home loan (Sec 24b).

Annual rental income (₹)Home loan interest paid this year (₹)Deductible under Sec 24(b).Applicable tax slab (%)

30% standard deduction

₹90,000

Taxable rental income

₹60,000

Estimated tax + 4% cess

₹18,720

Simplified estimate. Actual liability depends on overall income, regime (old vs new), surcharge and other deductions. Consult a chartered accountant for filing.