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Updated on : 6 May, 2018

Calculate Taxable Income from Housing Property

A. Calculation of Income from House Property No. 1
1Select Property Type
2Annual lettable value / rent received or receivable
3The amount of rent which cannot be realized ( If property is let out )
4Tax paid to local authorities ( If property is let out and taxes actually paid during the year )
5Sub Total ( A3 + A4 )
6Balance ( A2 - A5 )
730% of A6
8Interest payable on borrowed capital (Max. ₹ 2 lacs )
9Income from Housing Property No. 1 ( A6 - A7 - A8 )
B. Calculation of Income from House Property No. 2
1Select Property Type
2Annual lettable value / rent received or receivable
3The amount of rent which cannot be realized ( For let out properties only )
4Tax paid to local authorities ( If property is let out and taxes actually paid during the year )
5 Sub Total ( B3 + B4 )
6 Balance ( B2 - B5 )
730% of B5
8Interest payable on borrowed capital (Max. ₹ 2 lacs )
9Income from Housing Property No. 2 ( B6 - B7 - B8 )
C. Calculation of Income from House Property No. 3
1Select Property Type
2Annual lettable value / rent received or receivable
3The amount of rent which cannot be realized ( For let out properties only )
4Tax paid to local authorities ( If property is let out and taxes actually paid during the year )
5 Sub Total ( C3 + C4 )
6 Balance ( C2 - C5 )
730% of C5
8Interest payable on borrowed capital (Max. ₹ 2 lacs )
9Income from Housing Property No. 3 ( C6 - C7 - C8 )
D. Calculation of total income under Head "Income from House Property"
1Rent of earlier years realized under section 25A/AA
2Arrears of rent received during the year under section 25B after deducting 30%
3Total Taxable Income under Head "Income from House Property"
D3=A9 + B9 + C9 + D1 + D2