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Exercise 6.1 Mr Chan has the following income and expenses/losses during the year ended 31 March 2020: (i) He received rental income of $120,000 from a property in Kowloon. He paid mortgage loan interest of $46,000 in respect of the property. He received salaries income $250,000. He paid mandatory contributions of $12,000 to MPF scheme. (iii) He had a share of loss of $10,000 from a partnership carrying on business in Hong Kong. Mr Chans wife is not working and has no chargeable income. They have no dependents. Required: Calculate the tax payable by Mr Chan (i) if no personal assessment is elected and (ii) under personal assessment for the year of assessment 2019/20. Exercise 6.1 Mr Chan has the following income and expenses/losses during the year ended 31 March 2020: (i) He received rental income of $120,000 from a property in Kowloon. He paid mortgage loan interest of $46,000 in respect of the property. He received salaries income $250,000. He paid mandatory contributions of $12,000 to MPF scheme. (iii) He had a share of loss of $10,000 from a partnership carrying on business in Hong Kong. Mr Chans wife is not working and has no chargeable income. They have no dependents. Required: Calculate the tax payable by Mr Chan (i) if no personal assessment is elected and (ii) under personal assessment for the year of assessment 2019/20

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