Calculate taxable income from house property. 3) He has a building at Mohammadpur, Dhaka. The building is let out at Tk. 50,000 per month for residential purpose. The Municipal value of the house is Tk. 5,00,000. The house remained vacant for 1 month. Expenses of the house were as follows: (0) Land development tax Tk. 4,000, (ii) Repair Tk. 42,000, (ii) Installment of HBFC loan Tk. 90,000 of which interest is Tk. 30,000 (iv) Cost of installing water and electric line Tk. 80,000 (v) City Corporation tax Tk. 20,000, Salary of guard Tk. 84,000, (vi) Insurance premium Tk. 10,000 and (vii) Legal Expenses Tk. 12,000. Your