Income Tax Refund Calculator

Check key Article 160 conditions and estimate Armenia's quarterly mortgage income-tax refund.

Currency

Monthly Gross Salary

AMD

100K5M

Income Tax: ֏100,000 / mo

Property Price

AMD

5M500M

Article 160 contract-price limit: ֏55,000,000

Down Payment

20%AMD

10%90%

Loan Term

years

1 yr30 yr

Annual Interest Rate (%)

5%20%

Mortgage received date

Combined borrower and co-borrower quarterly cap: ֏750,000

Required eligibility confirmationsThe home is bought directly from a qualifying developer, obtained under a State or community housing program, or is my own qualifying house construction.The borrower and co-borrowers use the refund for only one qualifying mortgage covered by the post-2017 rule.The lender or SRC confirmed eligibility for the property location, mortgage date, valuation zone, construction permit, and any border-settlement exception.

Refund not included until eligibility is confirmed

Confirm a qualifying direct purchase or construction.
Confirm the one-mortgage rule.
Confirm location, loan-date, and permit eligibility.

Effective Monthly Payment

֏272,674in year 1

֏272,674 without refund

Total Refund֏0

Principal37%
Net Interest63%
Refunded by State0%

Average monthly refund in Q1: ֏0
Total Refund: ֏0
Effective Monthly Payment: ֏272,674
Share of interest covered: 0%
Quarterly legal cap: ֏750,000
Estimated monthly income tax: ֏100,000

The estimate applies the quarterly minimum of eligible salary income tax, qualifying mortgage interest, and the legal cap. It assumes no interest is paid by a subsidy. The SRC portal decision and lender data control the actual refund.

Official Article 160 Read the application guide

See buildings eligible for Income Tax RefundCheck eligibility inputs and estimate the quarterly mortgage income-tax refund under Armenia's current legal caps.Mortgage CalculatorSee your monthly payment, total interest, and down payment scenarios in Armenia.Property Tax CalculatorSee the annual property tax you will owe once you own

FAQ

Income Tax Refund FAQ

Common questions about mortgage income tax refund calculations in Armenia.

Use this calculator only after confirming every eligibility item. Article 160 generally covers a qualifying direct purchase or house construction, a contract price no higher than 55 million AMD, one qualifying mortgage under the post-2017 rule, and the applicable location, loan-date, valuation-zone, and permit conditions.

Eligibility comes first. Once confirmed, the result is driven by eligible salary income tax paid, qualifying unsubsidized interest, the mortgage date, and the applicable quarterly cap.

The refund is assessed quarterly, not monthly. The calculator uses the lowest of estimated eligible salary income tax paid for the quarter, qualifying unsubsidized mortgage interest paid for the quarter, and the combined borrower/co-borrower cap: 1.5 million AMD for qualifying 2018–2024 mortgages or 750,000 AMD for qualifying mortgages received from 2025.

It can, because more eligible salary income tax may be available, but the refund still cannot exceed qualifying unsubsidized interest or the combined quarterly legal cap.

It shows the mortgage payment after subtracting one third of the estimated first-quarter refund. This is a budgeting average only: the legal calculation and payment happen quarterly.

Yes. Change the property price, down payment, interest rate, loan term, and salary to compare scenarios and see how the refund changes.

After estimating the payment, review new-build apartments on the site and focus on projects that match your budget, financing plan, and current program requirements.

Income Tax Refund Calculator

Income Tax Refund FAQ

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