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You are here:    Home arrow About Us arrow legal FAQs arrow How can I calculate the income from house property?

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How can I calculate the income from house property? Print E-mail

The systems of calculating income from house property broadly speaking would be as under:

Actual rent received from property
Less: House Tax to the extent actually paid by the assessee
Balance: i.e. Annual Value
Less:
(1) 30% of the annual values
(2) Actual Interest in respect of loan for the property
Net taxable income from house property

The above-mentioned formula would enable most of our readers to claim correct deduction in respect of income from house property.