From the following particulars given below, compute the total income and tax payable of Mr.Deb, a Central Government employee working in Chandigarh: 1. (1) Salary (2) T.A Bill Rs.25,000 p.m Actual expenditure (3) Bonus (4) His contribution to Statutory Provident Fund Rs.5,000 p.a. Rs.6,000 p.a. Rs.25,000 Rs.1,700 p.m. (5) Employer's contribution to S.P.F.10% of salary (6) Interest on accumulated balance of S.P.F. @13% Rs.12,000 (7) Entertainment allowance Rs.1,000 p.m. II. He owns two houses, one of which is let out at a rent of Rs.4,000 p.m. and other (whose annual value is Rs.10,000) remained vacant throughout the year on account of his employment at Ambala where he has taken a house on rent. The two houses are subject to Municipal Taxes of Rs.5,000 and Rs.1,000 respectively III. During the year he sold shares of Honda Ltd. and earned a short-term capital gain of Rs.50,000 [STT paid]. 700 Rs.1,700 p.m. (5) Employer's contribution to S.PF 10% of salary (6) Interest on accumulated balance of S.PF. @13% Rs.12,000 (7) Entertainment allowance Rs.1,000 p.m. II. He owns two houses, one of which is let out at a rent of Rs.4,000 p.m. and other (whose annual value is Rs.10,000) remained vacant throughout the year on account of his employment at Ambala where he has taken a house on rent. The two houses are subject to Municipal Taxes of Rs.5,000 and Rs.1,000 respectively. III. During the year he sold shares of Honda Ltd. and earned a short-term capital gain of Rs.50,000 [STT paid]. IV. He earned Rs. 11,500 as interest from government securities and bank interest on SBI fixed deposits Rs. 11,000 and on a saving account Rs.10,600. He pays Life Insurance Premium of Rs.25,000 on his life policy of Rs.4,00,000. He deposited Rs. 10,000 in Home Deposit Account