Finotax Calculator for Taxable Income from Housing Property

Enter data in unshaded boxes.

Calculation of Taxable Income from House Property
Whether Housing Property is Let Out
A. Annual letable value/ rent received or receivable
B. The amount of rent which cannot be realized
C. Tax paid to local authorities
D. Sub Total ( B + C )
E. Balance ( A - D )
F. 30% of D
G. Interest payable on borrowed capital
H. Income from Housing Property ( E - F - G )
I. Rent of earlier years realized under section 25A/AA
J. Arrears of rent received during the year under section 25B after deducting 30%
K. Total Taxable Income from Housing Property ( H + I + J )