The rent received is taxable, but not all of it. There is a 30% standard deduction on rental income. If the spouse gets Rs 6 lakh per year as rent, he/she will be taxed for only Rs 4.2 lakh.from Tax-Wealth-Economic Times https://ift.tt/gxWFVLD
Sunday, July 30, 2023
HRA tax exemption: Five things to know about rent paid to spouse
The rent received is taxable, but not all of it. There is a 30% standard deduction on rental income. If the spouse gets Rs 6 lakh per year as rent, he/she will be taxed for only Rs 4.2 lakh.from Tax-Wealth-Economic Times https://ift.tt/gxWFVLD
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