While real estate as an investment may have its challenges in terms of liquidity and high capital requirement, rental income can complement one's salary.
However, rental income is taxed at the individual's slab rate. But there are deductions available on rental income for individuals who choose to stick with the old tax regime.
If you are in receipt of rental income, you can first get a deduction on municipal taxes. Then on the balance, there is a standard deduction of 30%, which accounts for repairs, maintenance and all other expenses.
Denne historien er fra December 12, 2024-utgaven av Hindustan Times Rajasthan.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 12, 2024-utgaven av Hindustan Times Rajasthan.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
India has every reason to be proud: Shahana on Santosh being shortlisted for Oscars nom
Actor Shahana Goswami's film Santosh, has inched closer to being nominated for the International Feature Film category in the 2025 Academy Awards.
UP Police announce ₹25,000 reward for accused in Sunil Pal, Mushtaq Khan abductions
The Meerut Police in Uttar Pradesh has announced a reward of ₹25,000 for information on Lavi Pal, the main accused in the abductions of comedian Sunil Pal and actor Mushtaq Khan.
Ashwin: Player who never believed in playing it safe
The off-spinner decided to retire from international cricket at the end of the third Test against Australia
Kapil Sharma says 'Don't spread hate' amid criticism for alleged racist remark against Atlee
Comedian-talk show host Kapil Sharma has been facing intense criticism for seemingly making a joke about filmmaker Atlee's appearance on his comedy-talk show, The Great Indian Kapil Show.
Rain plays spoilsport as Test ends in draw
India escaped with a crucial draw in the weather-hit third Test against Australia after intermittent rain wiped out the majority of play on Day 5, leaving the five-match series tantalisingly locked at 1-1.
INDIA TO FACE PAK IN INAUGURAL KHO KHO WORLD CUP OPENER ON JAN 13
Hosts India will face arch rivals Pakistan in the opening match of the inaugural Kho Kho World Cup on January 13, the organisers announced on Wednesday.
Will go to MCG with confidence: Rohit lauds late order fightback
Indian skipper Rohit Sharma hailed the resilience of the lower-order batters after his team managed to salvage a crucial draw in the rain-hit third Test against Australia here on Wednesday, saying it has given the side renewed confidence for the remaining series.
With T20I series on line, India look to make amends vs WI
India will look to make amends in all areas and counter the West Indies' power game when the two teams face off in the decider of the women's T20I series on Thursday, with regular skipper Harmanpreet Kaur's participation still shrouded in uncertainty.
NET DIRECT TAX COLLECTION GROWS 16.45% TILL DECEMBER 17
Net direct tax collection grew 16.45% year-on-year (y-o-y) to over ₹15.82 lakh crore till December 17 this fiscal, buoyed by higher advance tax mop-up, government data showed.
Trump threatens to impose reciprocal tax on India
INDIA'S EXPORTS STOOD AT $77.51 BN, WHILE IMPORTS AGGREGATED AT $42.2 BN IN THE LAST FISCAL
