Calculation of vacancy period in income from house property

SOURAV GOEL (Articleship Training) (79 Points)

10 October 2015  

I have 2 Questions, request to provide answers with suitable references/Tax rules etc.

a) How to calculate the Rent for Vacany period when the Property is let out during the year to Two Tenants paying different Rent. Eg. Rent for 1st four months is Rs.80,000, then 4 months vacant and then next 4 months Rent is Rs.1,20,000.

b) What is the taxability if the employees owned house property is taken on rent by the employer and given to the Employee rent-free. Herein the Employer pays the rent to the Employee for the House. Say Rs. 20,000 Per Month.