Income Tax on Rental Income: How Much Rent is Tax Free? 

J P Sahoo (a) (25 Points)

31 May 2023  

Is it true that a person will not pay tax on rental income if Gross Annual Value (GAV) of a property is below Rs 2.5 lakh? If yes, is it applicable for FY2022-23 and FY2023-24? Is it applicable also for salaried income individuals?