Beckham Atondo retired as a marketing manager from Bright Insurance CompanyLimited on $30$ September $2020$ after serving the company for $20$ years and received alumpsum pension of Sh$\mathrm{.}1,580,000.$He has provided the following information on his employment and other income for theyear ended $31$ December $2020$:$1.$ Basic salary and other allowances:Sh$.$ Basic salary per month $160,000($Monthly PAYE Sh$\mathrm{.}42,000)$ Monthly responsibility allowance $42,000$ Bonus paid in June $2020250,000$ Monthly risk allowance $35,0002.$ During his employment, the company paid his monthly electricity, water andtelephone bills averaging to Sh$\mathrm{.}22,000,$ Sh$\mathrm{.}18,500$ and Sh$\mathrm{.}16,000$ respectively$\mathrm{.}3.$ The company paid Sh$\mathrm{.}320,000$ to cover for Atondo's family life insurancepremiums during his employment period in the year ended $31$ December $2020\mathrm{.}4.$ He contributed Sh$\mathrm{.}18,000$ per month towards a registered Home OwnershipSaving Plan $($HOSP$)$ during his employment period at Bright Insurance Company$\mathrm{.}5.$ In October $2020,$ he invested half of his pension income in a taxi servicesbusiness. His records from the taxi services business indicated a net profit ofSh$\mathrm{.}120,000.$The following expenses had been charged in the books during the three$-$month period foryear ended $31$ December $2020$ relating to the taxi business:Sh$.$Repairs and maintenance $180,000$Depreciation $60,000$Fuels and lubricants $240,000$Parking fines $42,000$Driver's salaries $64,000$General provision for bad debts $26,000$Licences and registration $60,000$Replacement of car engine $260,000$Motor vehicle inspection $25,000$Required:Taxable income of Beckham Atondo for the year ended $31$ December $2020.$Tax payable $($if any$)$ from the income computed above.