Zero income tax on Rs 17 lakh rental income: How individual with flat in Mumbai paid no tax on high income

Sat, Feb 21, 2026 | 12:41 PM IST

Best of ET Wealth

1	Zero income tax on Rs 17 lakh rental income: How individual with flat in Mumbai paid no tax on high income An individual earned Rs 17 lakh in rental income and paid no tax. This was achieved by utilizing a 30% standard deduction on rental income. Further deductions and tax rebates under both old and new tax regimes can eliminate tax liability. This strategy highlights potential tax savings for property owners.

2	Delhi bank locker row: Rs 60 lakh jewellery loss claim sparks big questions on liability and compensation

3	Systematic withdrawal from NPS via SLW or SUR? How one wrong move could drain your NPS corpus faster

4	Another health insurance claim denial sparks debate: Paid Rs 50,000 every year for mother's policy, but insurer denied the claim

5	Husband left job to take care of parents, still ordered to pay maintenance: Why HC granted Rs 15K monthly payment to employed wife The Allahabad High Court upheld a Rs 15,000 monthly maintenance order for a wife, despite her Rs 11 lakh annual salary. The court emphasized that a wife's employment doesn't automatically disqualify her from maintenance, especially when there's a significant income disparity and she cannot maintain her previous standard of living.

6	Earning Rs 15–25 lakh? Draft Income Tax Rules 2026 could make the old tax regime more rewarding—here’s how to cut your income tax bill


7	Partition deed of ancestral land fails as children lose land battle; Delhi HC backs sale deed over agreement to sale

8	Company car perk gets costlier: Draft Income Tax Rules 2026 could add Rs 4,352 to your tax bill over car perks on Rs 15 lakh salary

9	Form 16 to become Form 130, 26AS to become 168; Know the new names of important income tax forms after 31 March, 2026?

SLIDESHOWS

Form 16, 26AS & others renamed: Big income tax form changes from April 1, 2026

8th CPC Implementation date: When will govt employees, pensioners get arrears?

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