try this,
Add form with runat="server"
<head>
<script>
function changeImage() {
element = document.getElementById('myimage');
if (element.src.match("loginm")) {
element.src = "images/login.jpg";
}
else {
element.src = "images/loginm.png";
}
}
</script>
</head>
<body>
<form id="form1" runat="server">
<asp:image id="myimage" runat="server" onclick="changeImage()" src="images/loginm.png" xmlns:asp="#unknown" />
</body> </head>