One of my clients recently asked, after Budget 2025, whether Rental Income up to Rs.20 lakh is tax-free. The answer is YES but with a lot of IFs and BUTs.
If you’re a property owner and earn rental income, there’s good news for you! The new rules in the 2025 Union Budget allow you to legally reduce the tax you need to pay on rental income, helping you keep more of your earnings. In this blog post, we’ll break down how you can legally enjoy tax-free rental income of up to Rs.20,00,000.
What is Tax-Free Rental Income?
Tax-free rental income simply means that you don’t have to pay taxes on the income you make from renting out your property, up to a certain limit. This is possible by using certain deductions and exemptions available in the tax laws.
Whether Rental Income up to Rs.20 lakh is tax-free?
To make rental income tax-free, there are specific deductions you can take advantage of. By properly applying these deductions, you can significantly lower…
