Mr. Pritom is a service holder. His sources of income for the year ended 30th June were:
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Question:
Mr. Pritom is a service holder. His sources of income for the year ended 30th June were: basic Salary (BS) Tk. 27,500 per month; medical allowance Tk. 1,000 per month; conveyance allowance 5% of BS; performance bonus equal to 4 months BS; and leave encashment 10 days leave. He has been provided with a car both for personal use and office purpose and also a rent-free furnished house with annual rental value of Tk. 50,000. He received two festival bonuses each equal to 50% of a month's BS. He contributed 10% of BS to a recognized provident fund (RPF) and his employer also contributed the same amount. He received interest @ 15% Tk. 20,000 on the accumulated balance of RPF. Calculate Mr. Pritom's income under the head income from salary.
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