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mr ali has reported the following transaction for the tax year 2 0 2 2 calculate the tax liability ( tax rate given at the

mr ali has reported the following transaction for the tax year 2022 calculate the tax liability (tax rate given at the end)1. salaries received RS 68000 per month 2. utilities allowance Rs 10000 per month 3. facility of car is provided for personal used cost of car is Rs 7500004 rent received Rs10000 per month 5 Royality income received Rs 8000 per month 6 capital gain on sales of shares of a private limited of Rs 25000.7 DONATION TO PM FLOOD RELIVE FUNDS OF RS 5000.8 SHARE OF INCOME RECVIED FROM AOP RS 40000.9 ADJUSTABLE WITHOLODING TAX PAID RS 12000.10 LIFE INSURANCE PERMIUM PAID RS 32000 SCHDEULE OF INCOME TAX YEAR FOR THE TAX RATE 2022
SNO TAXABLE INCOME RATE OF TAX
1 WHERE TAXABLE INCOME DOES NOT EXCEED RS 6000000%
2 WHERE TAXABLE INCOME EXCEED RS 600000 BUT DOES NOT EXCEED RS 12000005% OF THE AMOUNT EXCEEDING RECEIVED 600000
3 WHERE TAXABLE INCOME EXCEED RS 1200000 BUT DOES NOT EXCEED RS 1800000 RS 30000 PLUS 10% OF THE AMOUNT EXEECDING RS 1200000
4 WHERE TAXABLE INCOME EXCEED RS 1800000 BUT DOES NOT EXCEED RS 2500000 RS 90000 PLUS 10% OF THE AMOUNT EXEECDING RS 1800000

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