From the following data, compute the taxable income and tax payable of Mr. Muhammad Tahir for the tax year ended 30 June 2020. Income from property Rs 400,000 (Repair charges Rs 80,000 & Advance tax on rent paid Rs 10,000) Un adjustable advance rent received Rs 150,000 Income from business Rs 370,000 Profit on sale of timber purchased Rs 250,000 Zakat deducted Rs 30,000 Gift amount received from father through cross cheque Rs 90,000 Tax Rates for Business Individuals & AOP Up to Rs 400,000 Nil and 5% exceeding 400,000 Rental Income Up to Rs 200,000 Nil and 5% exceeding 200,000