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Income TaxIndividual
Income from House Property
Compute taxable income (or loss) from a self-occupied or let-out property after 30% standard deduction and home-loan interest.
Your inputs
₹3,60,000
₹
Set 0 for self-occupied
₹12,000
₹
₹2,50,000
₹
Result
- Gross annual value (GAV)
- ₹3,60,000
- Less: municipal tax
- ₹12,000
- Net annual value (NAV)
- ₹3,48,000
- Less: 30% standard deduction
- ₹1,04,400
- Less: home loan interest
- ₹2,50,000
- Loss from house property
- ₹6,400
- Set-off allowed against other income
- ₹6,400
Reviewed by CA team
Want a second opinion or think this looks off? We're happy to help.
Heads up: under the new regime, let-out property loss cannot be set off against salary — only against other house property income.
Assumptions
- Standard deduction of 30% on NAV — no actual expense proofs needed.
- Old regime. New regime: self-occupied interest is NOT deductible; let-out loss can't offset salary.
- Loss set-off limited to ₹2L per year; carry forward 8 years.
How this is calculated
Reviewed by CA teamLet-out: Income = NAV − 30% × NAV − Interest where NAV = Rent − Municipal tax Self-occupied: Income = − min(Interest, ₹2L) Loss set-off against other heads capped at ₹2L (s.71(3A)).
Need this done properly?
Income Tax Return Filing
End-to-end ITR preparation, review and filing for salaried, business, capital gains and NRI cases.
Frequently asked questions
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