1)Salary- 2 Lacs 2)Professional fees recd - 3.85 Lacs(Gross) Net after expenses is 2.15 Lacs 3)Intrest -PPF/NSC/BANk - 17000/- 4)Income from House rent -1)Rs. 108,000/-(Gross) 2)Rs. 35,000/-(Gross)
The Maintainace charges of Society including Muncipal Taxes is Rs. 900/- pm(muncipal taxes rs. 175/-) for House no 1 & Rs. 1250/-(Muncipal Taxes Rs. 105)for House No 2. Please let me know what amount Should be calculated for income from house rent.Foes the 30 % House Rent include muncipal taxes or its seprate.
