Amount allowed to be claimed as deduction from Rent Income?

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  1. ajith p

    ajith p New Member

    I have a flat which I have rented out .I am paying the maintenance charge and the rent received is excluding maintenance charge.what percentage can I deduct from my rental income and under what head while filing tax returns.
    for example I am receiving Rs 24000 as rent.
    and I am paying Rs 6000 as maintenance charge. Can I deduct the whole Rs 6000 from my rental income or can I deduct more or should it be lesser.
  2. Neha Sharma

    Neha Sharma Active Member

    30% of the Rent received is allowed to be claimed as Standard Deduction from Rent

    This is irrespective of the expenses incurred by you
  3. king999maker

    king999maker Active Member

    gaurav_kumar likes this.
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