More Than One Residential House Property

Calculator for determining Self Occupied House Property
Assumed there are 3 Self Occupied Properties. (You can enter the data for 2 Property also.)
Insert the following values
Particulars
HP1
HP2
HP3
Fair Rent (FR)
Municipal Value (MV)
Standard Rent (SR)
Municipal Tax (Actually paid by owner)
Interest on Borrowed Capital paid during the year
SOLUTION
All Properties are considered as deemed to be let out (DLO)
Particulars
HP1
HP2
HP3
Gross Annual Value (GAV)
(After comparing MV,FR and SR)
Less :- Municipal Tax (Actually paid by owner)
Net Annual Value
Less :- Standard Deduction (30% of NAV)
Less :- Interest on Borrowed Capital
All Properties are considered as Self Occupied (SO)
Particulars
HP1
HP2
HP3
Net Annual Value (Always NIL)
Less :-
Interest on Borrowed Capital (Restricted to
Rs. 1,50,000 assuming loan borrowed after
1-4-1999)
Net
You should consider your Properties as -
Net Taxable Value
Self Occupied Property
Deemed Let Out Property