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(i) From the following information compute the income chargeable under the head Interest on Securities for Mr. Jacob for the income year 2020 2021: Interest

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(i) From the following information compute the income chargeable under the head Interest on Securities for Mr. Jacob for the income year 2020 2021: Interest on tax-exempt government securities Tk. 9,000; Interest on tax-exempt government securities Tk. 9,500; Interest Interest on taxable government securities Tk. 10,000; Interest on taxable government securities Tk. 13,400; Value of 13% taxable government securities Tk. 5,25,000; Value of 13% debenture Tk. 65,000; Interest on 14% debentures Tk. 12,225 and income from zero coupon bond Tk. 6,500. The Bank has charged Tk. 3,000 for collecting the above interests. In addition to this, he has taken a bank loan of Tk. 50,000 @ 9% interest to purchase the taxable government securities

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