Mr. Faizan is the Head of Taxation of RX Limited. During the financial year 2019-20 he earned following income:Mr. Faizan received Taka 12,00,000 as cash salary out of which basic pay was 60%, medical allowance was 20%, transport allowance was 15% and education allowance for children was 5%. The company provided him with a car for official and his family use. He was also provided with a residential house against which the company incurred rental expense of Taka 3,10,000. Though the company has a Recognized Provident Fund, Mr. Faizan did not apply for becoming the member of that Fund. As per the provident Fund Rules, the contribution to the Fund by the employer is 8% of basic pay. In addition, he made the following transactions relating to financial year 2019-2020:Donation made to the Zakat Fund Taka 10,000, purchased share of a private limited company Taka20,000 and paid Taka 15,000 as Life Insurance Premium. Please compute total income and tax liability of Mr. Faizan for the assessment year 2020-21 considering the above information.