Mr. Y is an assistant professor who owns a house at Mirpur which has been let out for residential purpose at Tk.19000 per month. The municipal value of the house is Tk. 220000 annually. Expenses incurred in the income year for the house includes : repair expenses Tk. 65000, city corporation tax Tk. 7000, insurance premium Tk. 750 per quarter, interest on borrowed fund Tk. 2500, rent collection expenses Tk. 12000. Compute income from the house property for the year.