Income from House Property

INCOME FROM HOUSE PROPERTY

Assessment year

This field is required

Income from self-occupied property

Interest paid/payable on housing loan for current financial year

Total interest for pre-construction period

Income from self-occupied house property

Income from let-out property

1. Annual letable value or rent received or receivable Calculate

2. Less: municipal taxes paid during the Year

3. Less:unrealized rent

4. Net annual value (1-(2+3))

Less: deductions from net annual value

i. Standard deduction @ 30% of net annual Value

ii. Interest on housing loan

Income from let-out house property

Total income from house property

Advisory: Information relates to the law prevailing in the year of publication/ as indicated. Viewers are advised to ascertain the correct position/prevailing law before relying upon any document.

Disclaimer: The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances. It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant Acts, Rules etc.