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Income From House Property Calculator

All types of properties are taxed under the head 'income from house property' in the income tax return.

Income from Self-occupied Property

Interest Paid/Payable on Housing Loan
Total interest for Pre-Construction Period
Income from self-occupied house property
₹ 0
This loss will be set-off from your other income and will reduce the tax liability.

Income from Let-out Property

1. Annual Letable Value
2. 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
₹ 0
Total Income from House Property
₹ 0

Income from Let-out Property

1. Annual Letable Value
2. 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
₹ 0
Total Income from House Property
₹ 0

Frequently Asked Questions

Q A
What is “Income from house property”?

Property may or may not yield a rental income. Thus, the income received or which could have been received if such property was let out on rent is categorised under the head ‘Income from House Property’.

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