How to calculat house hold property
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While computing income from house property for let out u must frst provide standard deduction @30%from rent received from tenant and thn deduct interest from borrowed capital.for self ovcupied property interest on borrowed capital deduction can be available upto 200000 only.if loan has been taken on residential house property which is not exceeding 35 lacks nd residential property value nt exceed 50 lcks thn deduction u/s 80ee upto 50000 or intrst on loan whichevr is lower cn b taken.
If you calculate on self occupied house property income so u take deduction upto 2,00,000 /- for taking any loan from house property.
If you calculate on rented house property income so first give deduction for house tax then net rent deduction @30% after that deduction of interest on house property loan