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Get Ta 24 Form
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How to fill out the Ta 24 Form online
The Ta 24 Form is essential for individuals opting to pay a 15% tax on rental income from residential properties. This guide will walk you through each section of the form, ensuring a comprehensive understanding of how to complete it accurately and efficiently online.
Follow the steps to complete the Ta 24 Form online.
- Click 'Get Form' button to obtain the form and open it in the online editor.
- In the form, start by entering your personal information, including your full name and contact details.
- Fill in the address or description of the property from which you are deriving rental income. Provide the number and street name.
- Next, input the total gross rent received for each property. You can list multiple properties by entering the data in sequence.
- Calculate the total gross rental income subject to the 15% tax rate, and ensure it reflects the total for all properties listed.
- Determine the total tax amount by calculating 15% of the gross rental income and fill in that amount on the form.
- Review the declaration section where you will need to confirm that all provided information is accurate.
- Finally, provide your Income Tax/I.D. number, sign the form, and date it accordingly.
- After completing the form, you can save your changes, download the completed form, print it, or share it as necessary.
Complete the Ta 24 Form online today to ensure your rental income is taxed correctly.
A person will not pay tax on the amount already paid as property tax. The property tax amount paid for that year is deducted from the total rental income of the year or the Gross Annual Value (GAV). A 30% deduction on the Net Annual Value is permissible under Section 24A of the Income Tax Act.
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