Mr. Md. Nayeem is the Senior Executive Officer of Accounts in a multinational company in

Bangladesh. Following are the particulars of his income from salary for the year ended 30 June 2019:

Basic salary Tk. 72,000 per month; Conveyance allowance Tk. 4,500 per month; Travelling allowance Tk.30,000 (actual expense Tk. 20,000); Leave encashment Tk. 10,000; Medical allowance Tk.1,200 per month; Personal mobile bill allowance Tk. 5000 per month; Entertainment allowance Tk. 25,000 (actual expense, Tk. 30,000); Performance bonus Tk. 200,000 and overtime received Tk. 120,000. He received two festival bonuses, each equal to one and half months basic salary during the Eid time which he spent partly for her family and partly for the poor people in his village; full time company car for 24 hours for his own use and for his family; Drivers salary of the full time car Tk. 12,000 per month paid to his bank account by his company. His company pays Tk. 15,000 per month for his two school going children which is paid to the school authority directly;

He has been provided with a house at a concessional rate for which Tk. 1,500 per month is deducted from his salary. The annual value of the house is Tk. 3,35,000. During the year he received arrear salary of Tk. 90,000, not charged to income for any earlier income year; His contribution to unrecognized provident fund @ 10% of basic salary. The employer also contributes the same amount. Compensation received from previous employer Tk. 1,00,000.

Required:

Compute the taxable income from salary for the income year ended June 30th, 2019.

Calculate the tax liability of Mr. Md. Nayeem for the related assessment year.