Net Annual Value calculator for House Property
Give the necessary inputs to get the Net Annual value as per Income tax provisions.
Net Annual Value (NAV) Calculator
As per Section 23 read with Rule 4 (unrealised rent) — India Income-tax Act, 1961
Self-occupied GAV is nil (max 2 houses). Deemed let-out uses Expected Rent; vacancy allowance doesn’t apply.
Value as per local authority (annualised).
Market rent for similar property in locality (annual).
Acts as a cap, where Rent Control applies.
Let-out only
Enter gross rent for the year before excluding eligible unrealised rent.
Will be reduced from Actual Rent only if Rule 4 conditions are satisfied.
Relevant only for let-out properties.
Deductible from GAV to arrive at NAV only if paid by the owner during the previous year.
Expected Rent (Sec. 23(1)(a))
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Gross Annual Value (GAV)
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Net Annual Value (NAV)
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References: Section 23(1)(a)(b)(c), Section 23(2), Rule 4 (unrealised rent). This tool is illustrative and based on inputs provided.