Rental income tax: If you have your own house and you get a lot of income from rent, then it is important for you to know how to save income tax on rent. Tax is usually calculated on the basis of slab rate. That is, the tax slab under which the person comes under, will have to pay tax on his earnings at the same rate.

30 percent tax deduction can be claimed

In case of late -out property, deduction is done at 30 percent of the Gross Gross Annual Value under ‘House Property from Head Property’. That is, to save tax on total rental income, the landlord will have to impose 30 percent standard deduction rules. Under House Tax or Property Tax, the landlord pays tax to the municipality of the city. Tax is usually calculated on the basis of many these things-

• Property location
• How new or old is the property ie what is its average age
• What is the coverage area
• How is the construction quality
• What is the average fare in location

Do calculation in this way

Now under Section 24 (A) of the Income Tax Act, you can claim 30 percent deduction on earnings from rent throughout the year. Suppose you get Rs 12,000 from rent every month, then his total earnings from rent in a year will be Rs 144,000. Explain that under Section 24 of the Income Tax Act, 30 percent standard deduction is allowed on annual rental income for repair and maintenance under Section 24.

In this way, 30 percent of Rs 144,000 will be Rs 43,200. That is, now your total rental income will be Rs 144,000 – Rs 43,200 = 100,800 rupees. Apart from this, under section 24 (b) you can also reduce interest on home loans for a year. In this, the total rental income which is Rs 100,800 and your homelone interest on it is 45,000, then your total income will be Rs 55,800.

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Delhi house tax online process: People living in every state of the country have to pay house tax. Different states have municipalities and local bodies for this. Those who handle the responsibility of house tax collection. This work is responsible for MCD in Delhi. This year, discounts were also announced towards MCD for those who pay house tax in Delhi. Although this facility was not for everyone. Its benefits are given only to people who pay online tax. Let us tell you how online house tax can be deposited in Delhi. And when do you get discounts.

In this way, house tax can be repaid in Delhi

If you live in Delhi and you have not paid house tax till now. So you can pay your house tax in MCD while sitting at home. For this, you have to go to the official website of Delhi MCD https://mcdonline.nic.in/portal. After this, you will have to click on ‘Pay Property Tax’ appearing upwards on the right side. After this, your account has to be created here. If you have an account.

https://www.youtube.com/watch?v=PDDFBdaywbe

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Then you have to login. Then you have to enter your property details. After this, you can fill your tax by calculating your tax and fill the entire details through self assessment. You can pay using net banking, UPI, credit card and debit card. After payment, you will get a receipt. Which you download and keep it.

When to get On repaying house tax Discount?

Discounts are given to those who pay online house tax by Delhi MCD. This year, till 31 March 2025, the discounts were given to those who deposited online house tax by MCD. For the financial year 2024-25, Delhi MCD gave this concession to those who filled house tax.

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2% discount was given on online payment up to Rs 10,000. Let us tell you that till June 30 last year, the payment of up to 10% discount was announced. It has to be seen when this time the discount from MCD is announced again.

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