House Property Loss Set-off Calculator
Calculate how much house property loss can be set off against other income.
Calculate Set-off
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Set-off Result
Enter loss amount to calculate.
House Property Loss Set-off Rules
Current Year Set-off: Maximum ₹2,00,000
• Can set off against ANY head: Salary, Business, Capital Gains, Other Sources
• Excess loss (above ₹2L): Carry forward for 8 assessment years
• Carried forward loss: Can ONLY set off against house property income
Example
House Property Loss: ₹3,50,000
Salary Income: ₹10,00,000
Current Year Set-off: ₹2,00,000 (maximum allowed)
Taxable Salary: ₹10,00,000 - ₹2,00,000 = ₹8,00,000
Carry Forward: ₹3,50,000 - ₹2,00,000 = ₹1,50,000 (8 years)
Important Notes
- File ITR: Must file ITR on time to carry forward loss
- 8 Years: Loss can be carried forward for 8 assessment years only
- Future Set-off: Carried forward loss can only be set off against house property income, not other heads
FAQs
Maximum house property loss that can be set off against other income in current year is ₹2 lakh. This was introduced from AY 2018-19.
Yes, loss exceeding ₹2 lakh can be carried forward for 8 years. But it can only be set off against house property income in future years.
In new regime, Section 24(b) deduction for self-occupied property is not available, so typically no loss arises from self-occupied property. For let-out, the rules are similar.
Disclaimer: For estimation only. Consult tax professional.