Income tax benefit on maintenance on the self occupied flat

Mr Pankaj, on SOP you will only get the benefit of interest paid on hom loan taken, whihc will get deducted form your taxable income.  No other benefit can be availed on SOP.

For let-out property you will get the tax benefits on account of Municipal Tax paid from the rent received & again on the balance you can get 30% Std Ded for expenses incurred on account of expenses incurred for the property.  Your income would be calculated as follows:

annual Lettable Value                               xxxxxx

Less:Municipal Taxed paid                          xxx

Net Adjusted Annual Value                        xxxxx

Less: 30% Std Deduction NAAV                   xxx

Income from house Property                     xxxxxx