I believe the engine gets its air from the front of the car, just behind the front grille. I would cross water as slowly as possible, so the water doesn't climb onto the cars hood higher than that air intake. If enough water gets into that intake, the engine stops and gets damaged.
If the water is so deep that it touches the Honda emblem at the front of the car, I would not attempt crossing it with Jazz. This is about 60 cm high from the ground, same as the tire diameter of Jazz. But if there is no emergency, I feel like I wouldn't want to cross water deeper than the ground clearance, about 20 cm, just to keep Jazz safe and floor carpets dry.
By the way, found a video where Jazz Mk4 crosses flooded road (at 1:23 time):
https://www.youtube.com/watch?v=j4HS2A66Aa4&t=83s(I wouldn't drive that fast though.)