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Income / Loss from House Property Calculator
Income Tax Exemption / Deduction calculation for Interest Paid on Housing Loan
Self Occupied or property not in the place of working
Rented Out or Chosen to declare Rental value
Loan taken after 1.4.99 and construction completed
Yes
No
(A). whether loan < Rs.25 lakhs and taken during 2013-14?
Yes
No
If (A) above is yes, Interest availed for deduction under Section 80EE last year (Min- Rs.0 and Max Rs. 1 lakh
)
Rs
Enter Annual Rental Value/Rent Received from House Property (Nil if self Occupied)
Rs
Get Rs.
as rebate [30% of (Rent-property Tax) as Maintenance]
Enter Tax paid on House Property
Rs
Enter Interest Paid on House Property
Rs
Maximum Limit of Interest allowed to be deducted will be
Rs.
Income / Loss on House Property (negative value shows Loss which can be deducted from Total Income - In case of +ve value same has to be added to Total Income )
Rs.
Want to know how Income Tax Exemption / Deduction for Interest Paid on Housing Loan viz., Income / Loss on House Property is Calculated ?
Check this Article