Mr. Haroon Malik is working in Iffan Sugar Mills as Manager, in the pay scale 50,000-3,000-80,000. He furnished the following particulars of his income for the tax year June 30, 2021.

S.No. Particulars

1 Basic Salary Rs.50,000 per month.

2 Bonus equivalent to 45 days basic salary.

3 Dearness Allowance Rs.12,000.

4 Cost of Living Allowance Rs.7,000.

5 He is provided Rent Free furnished accommodation. Annual rental value is 240000

6 He is provided a motor vehicle which he is using for official and personal use. The vehicle was purchased on lease by the employer for Rs.1,200,000.

7 Medical Allowance 10% of basic salary.

8 Medical reimbursement Rs.20,000.

9 He received entertainment allowance 5000 p/m

10 Travelling Allowance Rs.3,000 per month

11 Utilities Allowance Rs.15,00 per month.

12 Efficiency Honorarium Rs.40,000.

13 Leave encashment during the service Rs.45,000.

14 Gift received from mother Rs.80,000.

15 Entertainment provided during staff meeting Rs.20,000.

16 Watchman, gardener and sweeper salary Rs.30,000.

17 Insurance premium paid by employer Rs.25,000.

18 Profit from registered firm 100000

19 Zakat personally paid to poor relative Rs.20,000.

20 Donation to Bait-ul-Mal fund Rs.12,000.

Calculate total and taxable income