Partly let out and partly self occupied house property

You have to make two calculations : one for house property and other for self occupied and ve to divide the ineterst equally subject to Rs.150000/-

Correct me if i am wrong.

Annual value of self occupied portion is Nil and Annual Value of Let out portion is 500000. Now tell me the taxable income from house property.

Thank u Miss Anupriya for your answer. But I have recently gone through "Sinhania Book" and I have come to a conclusion that Rs. 339000 will be divided into two equal parts i.e. Rs. 169500 each. In Self occupied unit deduction will be restricted to Rs.150000 and in let out property 169500 will be allowed as a deduction.

Therefore out of Rs. 339000 only 150000 + 169500 = Rs. 319500 will be allowed as deduction under section 24(b).

But here its important that conditons for claiming 150000 should be fulfilled. And yeah dont forget interest of pre-consruction period.