As a landlord or owner, you have to pay income tax on the rental income from your property, What the rate for deduction the income from letting out of property on hire?.
Panwa: The rate for deduction of income from letting out of property on hire are:
- Building and wharves 30%
- Agricultural land 20%
- All other types of land 15%
- Vehicles 30%
- Any other type of property 10%