| Step No. |
Particulars |
Amount |
| Step1, |
Higher of Municipal value or Fair rent but subject to maximum of Standard rent |
|
| Step2, |
Annual rent received or receivable - Unrelized rent during current P.Y |
|
| Step3, |
Higher of Step1 or Step2 |
|
| Step4, |
Step3 - Loss due to vacancy |
|
Gross Annual Value -->
Less: Municipal Tax 'Paid by the owner-->
Net Annual Value -->
|
|
Less:
|
Deduction Under Section 24
|
(Amount)
|
Total
|
| U/S 24(a) |
Standard Deduction [30% of Net Annual Value] |
|
| U/S 24(b) |
Interest On Loan(loan used for house property purpose) |
|
|
Income from House Property -->