'Eligibility to Submit 15G/15H '   'Know Day of Born '   '11th BPS Expected Basic Pay '   'PPF Investors: इस जानकारी को पढ़े और मित्रों के साथ शेयर करें'   'FD-RD-Crorepati-ELSS-SIP Calculator: In one Page'   'Download RTGS/NEFT Fillable Form'   'NSE/BSE Index Date wsie'   'NPS Calculator'   'Your Loan Repayment Details'   'Calculate LTCG on Shares / MF'   'PPF Calculator'   'Family Pension Calculator'   'PWA Benefits to Users'   'My Weight-BP-Sugar Records'   'My PPF Account In My Pocket'   'Calculate Your PPF Withdrawal Amount'   'Fillable Pay In Slip - Auto Amount in Words & Cash Details & '   'Hindi English Translation Practice Exercises'   'SSY Calculator'   'Flexi Fixed Deposit Calculation - Interest/TDS'   'Calculate Your Current FY PPF Interest'   'Bankers Expected DA'    'Pensioners Expected DA'   'PPF vs Recurring Deposit'   'Crorepati Calculator'   'Deposit Maturity Value Calculator'   'Challan 280 (In Fillable Format)'   'Compare Two Loans Interest Payment'   'Recurring Deposit Calculator'   'Letter Writing Helping Sentences'   'English Confusing Words'   'Calculate Your PPF Due Date'   'List of Bank Holidays Statewise'   'Cash Totalling & Tally Cash Position'   'Nifty Bank Date wsie from 15000'   ' PPF Scheme Features'  
Share This Page with Friends / Groups On
Home>> Income Tax >> You are Here
Last modified / updated Dec. 27, 2015

Computation of Income From House Property of Self Occupied and Let-out Property

Click here for provisions of Income From House Property Under the Income Tax ACT, 1961 and for details of steps for computation of Income From House Property

(A) Income from Self-Occupied Property
Interest Paid / Accrued on Housing Loan
(Current year's interest plus 1/5th of interest pertaining to pre-construction period)
2. Income from Self-occupied House Property
(B) Income from Let-out Property
1. Annual Letable Value / Rent Received or Receivable
(if let out for whole of the year, lower if let out for part of the year)
2. Less: Municipal Taxes Paid During the Year
3. Less: Unrealized Rent
4. Net Annual Value (1-(2+3))
5. Less: Deductions from Net Annual Value
i. Standard Deduction @ 30% of Net Annual Value
ii. Interest on Housing Loan
(Current year's interest plus 1/5th of interest pertaining to pre-construction period)
6 Income from Let-out House Property
(C) Total Income from House Property (A + B)
(Self Occupied & Let-out House Property)

HomeContactPrivacy