Wealth & Property Tax Calculator

Estimate property tax and wealth tax on assets

Property Tax Estimation

Property Annual Value (Market Rent)

₹

Municipal Tax Rate (%)

Property Market Value

₹

Rental Income (if let out)

₹

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Annual Property Tax

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Taxable Rental Income

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Standard Deduction (30%)

Wealth Tax abolished in India from FY 2015-16. Property tax is levied by local municipal bodies at varying rates. Rental income: 30% standard deduction available under Sec 24(a).