House property income calculator
Enter the rent, municipal tax and home loan interest. See your income or loss from the property and what it does to your tax in each regime.
- Both regimes
- ₹2 lakh set-off limit
- Free, no sign-up
Get every deduction on your home
Rent, interest, pre-construction interest and losses carried forward each have rules. Our experts file them correctly.
Questions people often ask
Can I claim interest on two homes?
Up to two self-occupied homes, with ₹2 lakh of interest in total, in the old regime. Any more are treated as let out.
What if I live in a rented flat and own another?
You can claim HRA for the rent and the home loan on the other, if it's genuinely in another city or let out.
From rent to taxable income
Four steps.
- Annual value: rent received, less municipal tax.
- Less 30% standard deduction.
- Less home loan interest, within the limits.
- Set-off: up to ₹2 lakh of loss in the old regime.
Last reviewed 9 October 2026. The rules in this calculator come from these official sources.
- Tax rules for salaried individuals, AY 2026-27 Income Tax Department
Common questions
How is income from house property worked out?
For a let-out home: rent received, less municipal tax paid, less a 30% standard deduction, less home loan interest.
What is the 30% standard deduction?
A flat 30% of the annual value, for repairs and upkeep, whatever you actually spent.
How much home loan interest can I claim?
On a let-out home, all of it. On a self-occupied home, up to ₹2 lakh, in the old regime only.
Can a house property loss reduce my salary tax?
In the old regime, up to ₹2 lakh a year; the rest is carried forward for 8 years. In the new regime, a let-out loss can't reduce other income.
What about interest before construction finished?
It's added up and claimed in five equal parts, starting the year construction is completed, within the same limits.
