Property rental income tax calculator

Property rental income

Income type

rental income. $

Personal income tax calculation results

Deduct expenses 0 $

taxable income 0 $

Applicable tax rate 0 %

tax payable $

actual income $

If the income from property leasing does not exceed 4,000$, the taxable income = the income from property leasing - 800$. If it exceeds 4,000$, the taxable income = the income from property leasing × (1-20%). The calculation formula is: tax payable = tax payable Taxable income × 20%