Individual income tax on property leasing income

Individual income tax on property leasing refers to the tax on the income received by individuals through the leasing of properties, such as real estate, vehicles, or equipment. The tax is calculated based on the total rental income after deducting relevant expenses such as maintenance costs, property taxes, and loan interest. The tax rate varies based on the income level and tax policies in different countries or regions. In general, individuals need to report their property leasing income and pay the corresponding taxes according to the regulations of the local tax authority.