House Property Income: How to Calculate HRA, Home Loan Interest & Rent Income

A complete guide to calculating house property income, HRA exemption, and home loan interest deductions in India for 2025.

INTRODUCTION Understanding house property income and HRA calculations helps reduce taxes significantly. HRA CALCULATION Based on rent paid, basic salary, and city category (metro/non-metro). HOME LOAN INTEREST (SECTION 24b) Self-occupied property: max ₹2,00,000 Let-out: full interest deductible HOUSE PROPERTY INCOME FORMULA GAV – Municipal Taxes – Standard Deduction – Home Loan Interest