property house income
Yes, rental income from sub-letting is generally chargeable to tax under the head "Income from house property" in India. As per the Income Tax Act, 1961, any income received from letting out of any building or land appurtenant thereto is chargeable to tax under this head.
When a person sublets the property, the income received from subletting is also considered as rental income and is taxable under the same head. However, the rental income would be reduced by the amount of rent paid to the landlord, if any.
It is advisable to consult a qualified tax professional for specific advice on your individual tax situation.
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Dear Nisha,
Rental income in the hands of owner is charged to tax under the head “Income from house property”. Rental income of a person other than the owner cannot be charged to tax under the head “Income from house property”. Hence, rental income received by a tenant from sub-letting cannot be charged to tax under the head “Income from house property”. Such income is taxable under the head “Income from other sources” or profits and gains from business or profession, as the case may be.