Keep your rental income organised and understand what you can deduct.
Rental income is taxable in India, but so are many of your expenses. Understanding what you can deduct — and how to keep records — can save you a meaningful amount every year.
This guide is educational, not personal tax advice. For complex portfolios, consult a CA or tax professional.
Keep 5–6 years of records: rent receipts and bank statements, lease agreements, repair bills, municipal tax receipts, and loan interest certificates. Clean records make filing fast and keep you audit-ready.
Whether your rental income is taxed under "Income from house property" or "Profits from business" depends on your situation. Most individual landlords fall under house property — where a 30% standard deduction applies without itemised bills.