How to calculate taxable income on self occupied house property, with Automated Excel Based Income Tax Master of Form 16 Part A&B for the F.Y.2019-20

A person’s gross all out income is the aggregate of income under five distinct heads determined dependent on the tax laws. One of these heads is ‘income from house property’. This head incorporates lease earned from building or land appurtenant thereto which is chargeable to tax.  Income is taxable under the head house property if conditions to Section 22 are fulfilled. According to this segment, to get income taxed under the head house property, the assessee must be the proprietor of the property and income must be gotten from building…