How to calculate tax on car rental income

Efiling 3297 views 1 replies

Hi Team,

I have rented new Car to Zoomcar from last 1.3 Years.
and i'm getting monthly Car Rental income for my rented car from Zoomcar.

Zoomcar Team is dedcuting GST around 10.7% & 2% TDS on the total rent the depositing to my account.

Last Month Rent, GST & TDS

Total Rent  21638.29
GST (10.7%)  2318.33
TDS (2%) 386.40

So i want to know how to fill income tax, which ITR to be use and how calculate tax on this income as i'm salaried employee.

 

Thanks,

Avinash

Replies (1)
You can file ITR 3 & show car rental income from PGBP after deducting all expenses.

Calculate tax as per income tax slab


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details