Revised Income Tax Exemption Calculator for Interest paid on Housing Loan – Income or Loss or House Property Calculation under Section 24 of the Income Tax Act. After enactment of Finance Act 2014, maximum housing loan interest amount (Interest on house property) which can be deducted from the income of a tax payer under Section […]
Computation of Income under the head income or loss from house property – Income Tax Department instructions on calculation of annual rental value for the income tax deduction in respect of interest payable on housing loan and While taking into account the loss from House Property, the DDO shall ensure that the employee files the […]
Income or loss on House property – Revision in calculation method with respect to interest paid on housing loan
How to calculate Income or Loss on House Property ? – GConnect Calculator revised to give effect to recent change in calculation of Income or loss on House property in Finance Bill 2013-14
As Drawing and Disbursal Officers (DDO) responsible for deduction of income tax from the salaried employees need to prepare for deduction and payment of income tax from the end of November of a financial year, all salaried employees have to declare Savings, income or loss on house property and other income to their DDO before end of November in every financial year.