ilmscore | Prediction Details
"on rental income you will not pay any tax or you will pay zero tax up to 17 lakh rupees... Let's say you are getting a 17 lakh rupees of a rent. Now you get a 30% standard deduction. Oh wow. Okay. Flat. You don't need to give any proof... So out of 17 lakh let's reduce the 17 30% is what? Five lakh 10,000. Correct. So your income is 11 lakh 90,000. And because it falls below 12 lakh and I'm assuming that you don't have any other income."
By Finance With Sharan | June 2, 2025 | Correct
From video
The Ultimate Indian Tax-Saving Masterclass (Salary, Business & Investments) | The 1% Club Show Ep62 00:18:58 - 00:19:44
Interpreted Prediction
Rental income up to 17 lakh rupees can be tax-free after a flat 30% standard deduction, resulting in a taxable income of 11.9 lakh rupees.
AI Evaluation Notes
The prediction states that rental income up to 17 lakh rupees can be tax-free after a flat 30% standard deduction, resulting in a taxable income of 11.9 lakh rupees. This is a valid prediction based on the standard deduction rules for rental income in India, and it remains accurate as of January 9, 2026.

Prediction Details

Topic
Tax-Free Rental Income

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