Annual Value

Tax Glossary Definition

Annual Value

Annual value is the estimated yearly rental income a property could generate, minus any property tax paid by the landlord, and it serves as the basis for property tax calculation in some jurisdictions. It reflects the potential earnings from the property over a year.

Example: If the expected rent is ₹2,40,000 and municipal taxes are ₹20,000, the annual value would be ₹2,20,000.

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