3. You are tax consultant of Mr. Adam. Who is an executive employee in Orcas Consultants. You are required to file his personal Income Tax Return for 2023. He has provided following data a. Basic Pay Rs. 200,000 Per Month b. Gross Pay Rs, 300,000 Per Month c. Leave Encashment Rs. 150,000 d. He was offered with the option for purchase of 1300 CC Car on the payment of Rs. 500,000 as down payment (which are to be deducted from his salary on monthly basis @ Rs. 40,000 pe month) and rentals of Rs. 30,000 per month which are to be borne by the Orcas. Adam opted for the option and received the car on 1st Feb-2022. e. He is provided with a furnished accommodation f. Utility bills are also paid by the Company. Total utilities paid by Orcas during the year 2023 are of Rs. 500,000 g. According to terms of employment. The company reimburse medical expenses of the employees on actual basis. During the year Mr. Adam claimed medical expenses of Rs. 170,000 h. He was granted loan of Rs. 1,000,000 on subsidized interest rate of 4% per Annum. i. Gratuity fund unrecognized of Rs. 250,000 j. Employers Contribution toward Recognized Provident Fund was of Rs. 200,000 in 2023 k. He also received loan from Recognized Provident Fund of Rs. 500,000 l. During the year Orcas Consultants deducted withholding tax of Rs. 200,000 from his salary Calculate his Tax Liability for 2023 for file his personal Income Tax Return