Mr. Anwar works at X company and is planning to file his annual income tax return first time. For calculation of his income tax liability he has provided the following particulars of his sources of income pertaining to the year ended June 30, 2013:

Basic Salary 231,000

Bonus 20,000

Furnished accommodation (annual value) 110000

Conveyance allowance (per month) 1650

Medical allowance (actual expense Rs.18,500) 25,000

Utility expense 26,400

Entertainment allowance 13,200

Property income 132,000

Expenditures claimed against property income:

Legal expenses 8250

Property tax 5500

Insurance premium 3300

Mr. Habib is entitled as per service rules free passage for travel abroad for self and his dependents after every three years. The expenditures incurred during the year in this respect are as under:

Air tickets 110,000; Hotel expenses 55,000; Car rental 22,000

Dividend (zakat deducted Rs. 275 and tax deducted Rs.1,100) 11000

Leave encashment preparatory to retirement 27,500

Birthday present received through cross-cheque by closed relative 11000

He also received an income tax refund related to tax year 2012 5000

Insurance money received on maturity of policy-110000

Expenses on children education (receipts are available) 44000

Zakat deducted by bank, Rs.11,000; Tax deducted at source 2,000.

Compute taxable income and tax liability of Mr. Habib for the tax year 2013