If you earn a lot from rent then you can save tax in this way, the landlord will have to apply under this rule:

News Topical, Digital Desk : Rental Income Tax: If you have your own house and you earn a good income from rent, then it is important for you to know how you can save income tax on income from rent. Usually, tax is calculated on the basis of slab rate. That is, the person will have to pay tax at the same rate on his income from rent as per the tax slab he falls under.

You can claim 30% tax deduction

In case of let-out property, deduction under the head 'House Property as Property' is made on 30% of the gross annual value. That is, to save tax on the total rental income, the landlord will have to apply the rule of 30% standard deduction. Under house tax or property tax, the landlord pays tax to the city municipality. Usually, the tax is calculated on the basis of many things-

Location of the property
How new or old is the property i.e. what is its average age
What is the coverage area
How is the construction quality
What is the average rent in the location

Do the calculation like this

Now, under Section 24(A) of the Income Tax Act, you can claim a 30% deduction on your annual rental income. Suppose you get Rs 12,000 as rent every month, then your total rental income in a year will be Rs 144,000. Under Section 24 of the Income Tax Act, 30% standard deduction is allowed on annual rental income for repairs and maintenance.

In this way, 30 percent of Rs 144,000 will be Rs 43,200. That means now your total rental income will be Rs 144,000 - Rs 43,200 = Rs 100,800. Apart from this, under section 24 (B), you can also deduct interest on home loan for a year. In this, if the total rental income is Rs 100,800 and your home loan interest on it is Rs 45,000, then your total income will be Rs 55,800.