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Add up what you own, take away what you owe, and see your net worth in rupees with the line-by-line breakdown a chartered accountant starts from: for anyone working out their own figure before asking for a certificate for a bank, an embassy or a tender.
Written by Subham Jhunjhunwala · Reviewed by CA Sundram Gupta ·
Your net worth as on today
From your estimate to a certificate
A bank, an embassy or a tender authority does not act on your own total. It asks for the same statement, examined and signed by a chartered accountant.
They want a net worth certificate signed by a CA: the same list of what you own and owe, each line tied to a document, taken as on one date, with the valuation basis stated and a UDIN the recipient can verify on the ICAI portal. Your worksheet figure is the starting point for that work, not a substitute for it.
Calculate your figure first. The button to talk to a CA appears with your result.
How the number is built
Net worth is what you own less what you owe, every value taken on one date. The calculator does that sum and nothing more, and says so beside the result.
Loans you have stood guarantor for are added up separately and shown beneath the total. No line is weighted, depreciated, revalued or converted into another currency.
One date for everything. The bank balance, the NAV, the gold price and the loan balance are all taken as on that day, and the result prints it. Mixing a March bank balance with a June share price is the most common reason a figure is sent back.
Leave the date blank and the page uses today, and says so in the assumptions.
| Cash and bank balances | ₹4,50,000 |
| Fixed deposits, with interest earned | ₹12,00,000 |
| Mutual funds at NAV, shares at market price | ₹23,00,000 |
| Provident fund and PPF | ₹5,00,000 |
| Flat of ₹1,20,00,000, held 50:50, your share | ₹60,00,000 |
| Car, at the insured declared value | ₹6,50,000 |
| Gold and jewellery | ₹8,00,000 |
| Other assets | ₹1,50,000 |
| Total assets | ₹1,20,50,000 |
| Home loan outstanding | ₹38,00,000 |
| Credit card dues | ₹65,000 |
| Total liabilities | ₹38,65,000 |
| Net worth | ₹81,85,000 |
Before a CA signs
These are the lines that most often move a self-prepared figure. Apply them in the worksheet and the certified total will land close to yours.
A flat held jointly with a spouse is usually 50:50 in the deed. Both spouses showing the full value doubles the household's net worth on paper, and a lender or embassy notices. The CA takes the share the deed records.
In the worksheet: set the share lineA fixed deposit is worth its principal plus the interest accrued from the last credit date up to the chosen date, not the maturity value. Banks issue an interest certificate on request.
In the worksheet: depositsWhat you invested is history. The certificate carries the units at the NAV and the shares at the closing price on the date, straight from the account statement or the demat holding statement.
In the worksheet: mutual funds, shares and bondsPremiums paid are money spent, not an asset. What counts is the amount the insurer would pay if the policy were surrendered on the date, which the insurer quotes on request. A pure term plan has no surrender value and is left out.
In the worksheet: life insuranceVehicles, gold and valuables go in at a figure that can be shown: the insured declared value on the motor policy, a jeweller's valuation, a registered valuer's report for property. No fixed depreciation table is applied; the basis is stated on the certificate.
In the worksheet: vehicles, gold and valuablesIf you have stood guarantor for someone else's loan, the certificate lists it beneath the total as a contingent liability. It does not reduce net worth unless the borrower fails to pay, but leaving it out misstates the position.
In the worksheet: the guarantor lineAsk a Chartered Accountant
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