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Income from House Property Calculator

Calculate taxable income from house property under Section 22-27 of the Income Tax Act. Covers self-occupied, let-out, and deemed let-out properties with standard deduction and interest deduction.

Gross Annual Value (GAV)
₹1,80,000
Less: Municipal tax₹5,000
Net Annual Value (NAV)₹1,75,000
Less: Standard deduction (30% of NAV)₹52,500
Less: Home loan interest (Sec 24b)₹2,00,000
Taxable income from house property₹-77,500
NoteLoss of ₹77,500 can be set off against other income (max ₹2L per year)

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How to use this calculator

  1. 1

    Self-occupied property: GAV is nil. Only interest deduction up to ₹2L (old regime) applies.

  2. 2

    Let-out property: GAV = actual rent received. Deduct municipal taxes, 30% standard deduction, and full interest.

  3. 3

    Deemed let-out (2nd property): Treated as rented at market value even if not rented out.

  4. 4

    Standard deduction of 30% on NAV is automatic — no proof required.

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Frequently asked questions

What is the standard deduction on rental income?

Section 24(a) allows a flat 30% deduction on Net Annual Value (rent minus municipal taxes) as standard deduction for repairs and maintenance. This is available regardless of actual expenses. No bills or proofs are required. It applies only to let-out and deemed let-out properties — not self-occupied.

How much home loan interest can I deduct on a let-out property?

For a let-out property, the entire home loan interest paid can be deducted under Section 24(b) — there is no cap. However, if this creates a loss under house property income, you can only set off ₹2 lakh against other income per year. The remaining loss can be carried forward for 8 years.

About income from house property calculator

Income from House Property Calculator — Section 22 to 27 Tax Calculator India

How rental income is taxed in India

Rental income in India is taxed under the head "Income from House Property" (Sections 22–27 of the Income Tax Act). The tax is on Net Annual Value (NAV) = Gross Rent − Municipal Taxes. From NAV, you get a flat 30% standard deduction (Sec 24a) and home loan interest deduction (Sec 24b). The resulting figure is added to your total income and taxed at your slab rate.

Income from House Property Calculator – Utinzo

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Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →