3. Income of Mr. Shakib Al Hasan for the year ended 30th June, 2021 includes, sale of jute 370 maunds @Tk. 750 per maund; sale of rice 225 maunds @ Tk. 550 per maund; income from lease of agricultural land Tk. 48,000; income from tea garden Tk. 80,000 and income from sale of honey Tk. 26,000. Expenses relating to all these income are: Land revenue paid Tk. 12,000; Union parishad tax Tk. 6500; Corp insurance premium Tk. 8,000; Allowable depreciation Tk. 6,000; interest on mortgage loan Tk. 5,000 and maintenance cost for irrigation plant Tk. 8,000. Mr. Shakib had a weighing machine which was purchased at Tk.18,000. It has become obsolete and has become discarded at Tk. 9,000. At the time of sale the written down value of the machine was 12,000. Moreover, he has also sold a tractor at a price of Tk. 45,000 (cost Tk. 40,000, accumulated depreciation Tk. 3,000). In addition to this, he had a pump machine which was destroyed by fire and the Insurance compensation amount Tk. 10,000 (cost 20,000; accumulated depreciation Tk.13,000 Scrap 3,000). Mr. Shakib does not maintain proper books of account.

Required:

Compute the agricultural income for Mr. Shakib Al Hasan for the year ended 30 June 2021.