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Mr. Hassan has rented out a house at a monthly rent of Rs. 20,000. During the year incurred following expenses in respect of the house:

Mr. Hassan has rented out a house at a monthly rent of Rs. 20,000. During the year incurred following expenses in respect of the house:

Repair of house Rs. 15,000

Insurance premium 10,000

Property tax Rs. 6,000

Interest on loan from HBFC Rs. 12,000

Legal expenses Rs. 2,000

Required:Compute the amount that is chargeable to tax under the head "Income from Property"

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