Mr. Anwar is an employee of ABC Company. He has privded you with the following details for TY2017. His basic salary is Rs.60,000/month. Dearness allowance is Rs.3000/month and house rent allowance is Rs.8000/month. Employee contribution in provident fund is Rs. 4000/month and the same amount is contributed with the employer. Interest credited during the year is Rs.40,000 at the rate of 18% per annum. He decided to retire with effect from April 30th , 2017. The fund is recognised under the 6th Schedule of ITO 2001. At the time of retirement, he received Rs.800,000 which has been accumulated in the fund over the years. It comprised of the following. Employer contribution to date Rs. 300,000 Employee contribution to date Rs. 300,000 Interest credited to date Rs. 200,