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Mr. Haseeb Malik is working in Omer Associates as Manager, in the pay scale 50,000-2,000- 80,000. He furnished the following particulars of his income for

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Mr. Haseeb Malik is working in Omer Associates as Manager, in the pay scale 50,000-2,000- 80,000. He furnished the following particulars of his income for the tax year June 30, 2021. (15 M) S.No. Particulars Basic Salary Rs.60,000 per month. Bonus equivalent to 45 days basic salary. 3 Dearness Allowance Rs. 20,000. 4 Cost of Living Allowance Rs.10,000 Per month. 5 He is provided Rent Free furnished accommodation by his employer. The annual rental value of Rs.180,000. 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 Travelling Allowance Rs.5,000 per month 10 Utilities Allowance Rs.15,00 per month. 11 Gift received from mother Rs.60,000. 12 profit from registered firm Rs.20,000. 13 profit on P&L a/c Rs.50,000. 14 Zakat personally paid to poor relative Rs.20,000. 15 Donation to Bait-ul-Mal fund Rs.12,000. Calculate total and taxable income and tax liability

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