Mr. Ali works in Beverages Company as a CEO. Detail of his remuneration during the year ended 30 June 2020 are given below:

i. Basic salary - 90,000 p.m. ii. Dearness allowance-10,000 p.m. iii. Bonus 200,000 iv. Fair market rent of accommodation -50,000 p.m. v. Free Food 10,000 pm vi. Reimbursement of electricity bills during the year amounting to Rs. 200,000. vii. Reimbursement of Medical Bills 50,000 viii. His children are allowed to study free at company schools the fee is 20,000 p.m. ix. He is also receiving contribution towards a recognised provident fund by his employer of the amount 34,000. x. Return air ticket for Dubai worth Rs. 250,000 for him and his family as a reward for achieving the production target. xi. The company has provided him with two cars One having value of Rs 3,500,000 which is used for both his personal and official use. The other having value of Rs 3,300,000 which is used for official purposes only xii. Loan of Rs. 1,000,000 was given to him on 1 July 2021 at 6% per annum. xiii. On 31 August 2021, he received leave encashment of Rs. 450,000 relating to previous year. xiv. The company has provided him with salaries of household help Driver 8,000 p.m. Gardner 6,000 p.m. House Keeper 12,000 p.m. xv. During the year, tax of Rs. 300,000 was deducted at source by his company xvi. He also paid Zakat of Rs 20,000 during the year under Zakat Ordinance.

Required: Compute the tax liability of Mr. Ali for the year ended 30 June 2020. Show all relevant exemptions, exclusions and disallowances.