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Calculator · Direct tax

House property income calculator

This tool computes income from house property by taking the annual value, deducting municipal tax, and allowing the standard deduction and interest. It is used by owners of rented or self-occupied property. You need to enter the rent received, the municipal tax paid, the loan interest and the period of letting, and the result shows the net annual value, the deductions and the income or loss from house property.

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How to use this calculator

  1. Enter the rent received, the municipal tax paid, the loan interest and the period of letting.
  2. Choose the property use and the number of owners to match your situation.
  3. Read the net annual value, the deductions and the income or loss from house property in the result.

Unrealised rent and vacancy can alter the annual value; confirm the facts for each property.

The result is an estimate for the figures you enter. It is not a filed return, a certificate or professional advice. Rates, thresholds and section numbers change with each Finance Act, and the Income-tax Act, 2025 applies from 1 April 2026 with new section and form numbers.

For the related work, see Income tax return (ITR) filing.

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Sources

Last reviewed: . General information only. Check the official source or speak to a Chartered Accountant before acting on a result.

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