2 Mr. Mikom is an employee of a company situated at Agrabad. Ilis monthly salary is Tk 10 2,50,000. He gets deamess allowance @10% of his basic salary, Tk 40,000 as veyance and Tk. 30,000 as medical allowance per year. The company has provided huna rent-free furnished quarter. He contributes 10% of his basic salary to a recognized provident fund. He has a house at Nasirabad. The house has been let out at Tk 80.000 per month. He has spent Tk. 24,000 for repairs, Tk. 1200 for rent collection, Tk. 5000 legal expenses and Tk. 6,000 as municipal tax. He received Tk 60,000 as interest on bank deposit and Tk 1,50.000 from agricultural land at his village. He recceved Tk 15000 from tax-free govt. securities. Tk 8.000) freken Part Trust Debenture, TX. 13,01%) from Commercial Dehenture as interest. However, bank charged Tk 800 as collection charge He purchased II'O of a company at Tk. 50,000. He paid tk 5000 per month as life insurance premium. He also donated 'Ik 2.000 at Prime Minister's relief fund and Tk 4.000 at Zakat Fund. The company deducted Tk 9,000 as tax at source. Compute the net tax liability of Mr. Milton. 2 Mr. Mikom is an employee of a company situated at Agrabad. Ilis monthly salary is Tk 10 2,50,000. He gets deamess allowance @10% of his basic salary, Tk 40,000 as veyance and Tk. 30,000 as medical allowance per year. The company has provided huna rent-free furnished quarter. He contributes 10% of his basic salary to a recognized provident fund. He has a house at Nasirabad. The house has been let out at Tk 80.000 per month. He has spent Tk. 24,000 for repairs, Tk. 1200 for rent collection, Tk. 5000 legal expenses and Tk. 6,000 as municipal tax. He received Tk 60,000 as interest on bank deposit and Tk 1,50.000 from agricultural land at his village. He recceved Tk 15000 from tax-free govt. securities. Tk 8.000) freken Part Trust Debenture, TX. 13,01%) from Commercial Dehenture as interest. However, bank charged Tk 800 as collection charge He purchased II'O of a company at Tk. 50,000. He paid tk 5000 per month as life insurance premium. He also donated 'Ik 2.000 at Prime Minister's relief fund and Tk 4.000 at Zakat Fund. The company deducted Tk 9,000 as tax at source. Compute the net tax liability of Mr. Milton