Mr. Helal is a sharecropper and his income is only from crop growing.

He received income from sale of rice 120 maunds @ Tk. 705.15 per maund; Sale of onion 285.50 maunds @ Tk. 160.22 per maund; Income from Borga Tk. 35,000; Lease of farming land Tk. 2, 97,375.

Expenses relating to all the income are: Cost of seeds and fertilizers Tk. 36,500; Labor Charge Tk. 40,000; Maintenance costs of agricultural equipment Tk. 3870; Union Parishad tax Tk. 5500; Crop insurance premium tk. 8200; Depreciation on tractor @ 20% Tk. 14000.

Mr. Helal has borrowed fund from Agrani Bank by Tk. 40,000 at an annual interest rate of 15% on 10^th October 2017.

Allowable depreciation for tractor as per the 3^rd schedule of the ITO 1984 is at the rate of 15%. Cost of Seeds includes Tk. 1500 spent against Borga. He maintains books of accounts properly.

Compute taxable income for MR. Helal for the year ended on 30^th June, 2017.