THIS IS HOW YOU ARE TAXED

HT Estates - - NEWS - NUM­BER OF HOUSES OWNED HOUSE 1 & 2 HOUSE 1 - In­come tax­able un­der the head house prop­erty (A) HOUSE 2 - In­come tax­able un­der the head house prop­erty (B)

Cost of each house Amount of loan for each house Ten­ure of loan EMI per month per house

EMI per year per house

Prin­ci­pal in the given year for each house In­ter­est in the given year for each house To­tal re­pay­ment for each house Gross an­nual value

Less: Mu­nic­i­pal taxes 2,000 Net an­nual value Nil Less: 30% de­duc­tion Nil Less: In­ter­est on loan* 2,00,000 Gross an­nual value Less: Mu­nic­i­pal taxes Net an­nual value Less: 30% de­duc­tion Less: In­ter­est on loan 96,000 2,000 94,000 28,000 4,31,511

-5,71,711

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