Personal Finance  ·  Assets & Liabilities Statement

Net Worth Calculator

Enter your assets and liabilities to instantly calculate your personal or business net worth. Download a detailed statement as Excel.

1
Statement Details
Enter the name and date for this Net Worth Statement
Name that will appear on Excel output
Select the valuation date for this statement
2
Assets — What You Own
Enter the current market value of each asset
🏠 Fixed / Immovable Assets
📈 Financial & Investment Assets
💵 Liquid Assets
📦 Other Assets
3
Liabilities — What You Owe
Enter the outstanding balance of each liability
🏦 Secured Loans
💳 Unsecured Loans & Credit
📋 Other Liabilities
💡
Tip: Use current market value for assets (not purchase price). For loans, enter the outstanding principal balance. Net Worth = Total Assets − Total Liabilities.
4
Net Worth Statement
Summary of financial position
✅
Positive Net Worth

Your assets exceed your liabilities — you are in a financially healthy position.

✦ Summary
🏦
Total Assets
₹0
💳
Total Liabilities
₹0
💰
Net Worth
₹0
📊
Debt-to-Asset Ratio
0%
✦ Detailed Breakdown
Category Item Amount (₹)
Disclaimer: The results provided by this Net Worth Calculator are for informational and educational purposes only. The calculated net worth is an estimate based solely on the values entered by the user and may not reflect the exact market value of assets or the full extent of liabilities.

This tool does not constitute financial, investment, tax, or legal advice. Users should verify all figures independently and consult a qualified financial advisor, accountant, or legal professional before making any financial decisions.

The creator of this calculator is not responsible for any decisions, losses, or damages resulting from the use of this tool or reliance on its results.
Financial Literacy
Understanding Net Worth
🏦
What is Net Worth?
Net Worth = Total Assets − Total Liabilities.
It is a snapshot of your financial health on a specific date — the amount you would be left with if you sold everything you own and paid off all your debts.
📋
Why is a Net Worth Statement Required?
Banks, NBFCs and the Income Tax Department often require a Net Worth Certificate (certified by a CA) for:
  • Loan applications (home, business, personal)
  • ITR filing for businesses & high-income individuals
  • Visa applications
  • Tender / government contracts
  • Company audits & annual filings
📅
Which Date Should I Use?
Use the most recent date for which you have reliable data. For income-tax purposes this is typically 31 March (end of Indian FY). For loan applications, use the current date or the date requested by the lender.
💡
Which Value to Use for Assets?
Always use Current Market Value (CMV) — what you could realistically sell it for today. Do not use:
  • Original purchase price / cost
  • Book value (depreciated value)
  • Insured value or stamp-duty value
For property, use a recent registered sale comparable or a valuer's certificate.
💳
Which Value to Use for Liabilities?
Use the outstanding principal balance as on the statement date — the amount you still owe, not the original loan amount. Check your latest bank statement or loan account portal. Include credit card outstanding only if you carry a balance beyond the due date.
📊
Debt-to-Asset Ratio Explained
Debt-to-Asset = Total Liabilities ÷ Total Assets × 100
A ratio below 40% is generally considered healthy. Above 60% signals financial stress. Lenders typically want this ratio to be low before approving large loans.

What Is (and Isn't) Part of Your Net Worth?

Item Include? Notes
Residential / commercial property you own ✓ Yes Use current market value, not stamp duty / purchase price
Vehicle (car, bike, commercial) ✓ Yes Current resale value; depreciate old vehicles realistically
Mutual Funds, Stocks, ETFs ✓ Yes Use latest NAV / market price, not invested cost
PPF, EPF, NPS balance ✓ Yes Use the current account balance or passbook value
FDs, RDs, Savings Account ✓ Yes Include accrued interest where material
Gold / Jewellery ✓ Yes Use current 22K/24K market rate × net weight
Life Insurance (Term Plan) ✗ No Pure risk cover — has no surrender / maturity value
Life Insurance (LIC, ULIP — Surrender Value) ✓ Yes Include only the surrender value, not sum assured
EPF / Gratuity not yet vested ✗ Usually No Conditional future right; exclude unless near vesting
Receivables from friends / family ✓ Conditional Include only if genuinely recoverable; document carefully
Household furniture / electronics ✗ Generally No Very low resale value and difficult to value; usually omitted
Home Loan outstanding balance ✓ As Liability Enter the outstanding principal, not EMI × remaining months
Credit Card outstanding (unpaid) ✓ As Liability Only if balance is carried beyond the payment due date
Contingent liabilities (guarantees given) ✗ Generally No Disclosed separately as a note; not included in the computation

Frequently Asked Questions

Net Worth is a balance sheet concept — a point-in-time snapshot of what you own minus what you owe.

Net Income is a profit & loss concept — how much you earned in a period after expenses.

A person can have a high income but low net worth (spends everything) or a low income but high net worth (accumulated assets over decades).
Yes, negative net worth simply means your total liabilities exceed total assets. It is not uncommon for young professionals or new businesses — e.g., a person with a large home loan taken recently may show negative net worth until the property appreciates or loan is paid down.

The key is the trend: if net worth is improving year-on-year, the financial trajectory is positive. Consult a CA or financial advisor for a personal assessment.
It depends on the purpose:
  • Individual Net Worth Statement (for ITR, visa, personal loan): Include only assets/liabilities in your name.
  • Joint / HUF statement: Include joint assets with a note about proportionate ownership.
  • Combined family statement (some bank requirements): Include all family members, with names clearly stated.
When in doubt, your CA will guide you on the exact format required.
At minimum, once a year — ideally as on 31 March (end of Indian financial year) so it aligns with your ITR. If you are actively managing your finances, doing it quarterly helps track progress meaningfully.

Major life events — home purchase, large investment, new loan, job change — are also good triggers to recalculate.
A Net Worth Certificate is a formal document signed and stamped by a Chartered Accountant (CA) certifying an individual's or entity's net worth as on a specific date. It is required for:
  • Bank loans and overdraft limits
  • ITR-3 / ITR-4 (business income filers)
  • Company registration, DIN KYC, annual filings
  • Tender / government contract bidding
  • Visa applications (US, Schengen, UK, Canada)
  • Admission to professional institutes or franchise agreements
This calculator helps you prepare the data. For an official certified certificate, contact CA Jatin Karda & Co.
Always use current market value for a personal net worth statement — this reflects economic reality.

For a CA-certified statement submitted to a bank or court, you may need a registered valuer's report. Stamp-duty value (circle rate) is sometimes used as a conservative proxy but may undervalue the property significantly in cities.

💡 Tip: Use recent comparable sales in your area as a benchmark.
Include your proportionate capital balance or equity stake as an asset. For example, if your capital account in a firm shows ₹15 lakhs, include that amount. For a private company, include the market value or book value of your shareholding.

Do not double-count: if the firm's land is already counted as an asset above, do not also count your firm capital that includes that land.
This tool generates a self-prepared statement for personal use, financial planning, and as a working document to share with your CA.

For official submissions to banks, the Income Tax Department, courts, or visa authorities, the statement must be signed and certified by a practising Chartered Accountant on their letterhead with UDIN (Unique Document Identification Number).

Contact our office for a certified Net Worth Certificate with UDIN.
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