House Property

House Property Income in India: How It Is Taxed Under the Income Tax Act 2025

Rental income from a house property is taxed under Section 18 of the Income Tax Act 2025. Here is how the annual value is calculated, what deductions you can claim, and how home loan interest affects your tax bill.

Section 24(b) in India: How Home Loan Interest Cuts Your Tax Bill

Section 24(b) of the Income Tax Act 2025 lets you deduct home loan interest from your rental income — up to ₹2 lakh per year on a self-occupied property, and with no cap on let-out property. Here is exactly how it works, who qualifies, and how much you save.