Let's break down the information given: Monthly Salary: 24,000 Municipal Valuation of the house: 20,000 Rent received for 1/3 portion: 1,400 Municipal Taxes paid: 1,200 Insurance paid: 1,200 Rent paid for leased land: 600 Loan amount borrowed: 2,00,000 Interest rate on the loan: 8% p.a. Loan still outstanding Now, let's calculate the annual income and expenses: Income: Monthly Salary: 24,000 * 12 = 2,88,000 Rent received: 1,400 * 12 = 16,800 Total Income = 2,88,000 16,800 = 3,04,800 Expenses: Municipal Taxes: 1,200 Insurance: 1,200 Rent for leased land: 600 Total Expenses = 1,200 1,200 600 = 3,000 Net Income: Net Income = Total Income - Total Expenses = 3,04,800 - 3,000 = 3,01,800 Loan Interest: Loan Interest = 2,00,000 * 8% = 16,000 So, the Net Income after deducting loan interest is 3,01,800 - 16,000 = 2,85,800