Mr. X was born in the year 1956 and working as Executive Director of M/S Rongdhnu Group since income year2015-16 and has drawn salary both from M/S White Limited and M/S Black Limited during the income year 2020-21. During the income year 2020-21, Mr. X received remuneration from M/S White Limited under a pay scale of Tk. Tk. 10,000.00 - Tk. 2,000.00 X 5 – Tk. 20,000.00 –EB
Tk. 3,000.00 X 5 – Tk. 35,000.00 EB Tk. 5,000.00 X 6 -Tk. 65,000.00 EB Tk. 7,000 X 10 – Tk. 1,35,000.00 and from M/S
Black Limited a pay scale of Tk. 1,25,000.00 X 2 - EB Tk 50,000 X 5- 5,00,000.00
Mr. X failed to pass the last EB with M/S White Limited.
In addition to the Basic Salary above X received the following components of the basic package from his employers.
1. Special pay 12% and 9% respectively of basic pay
2. Dearness allowance 8% & 6% respectively of basic pay
3. House rent allowance Tk. 35,000.00 & @28,000.00 respectively
4. Conveyance allowance Tk. 3,200.00 same from both the entities
5. Discomfort allowance Tk. 6,200.00 only from M/S White Limited
6. City allowance Tk. 9,500.00& 7,000.00 respectively
7. Entertainment allowance tk. 2,100.00 and none from M/S Black Limited.
8. Education allowance Tk. 4,100.00 and 8,000.00 respectively.
Apart from the package above, X also received the following payments from M/S White Limited
1. Nababarsha allowance Tk. 29,000.00 along with 10% of basic salary from both the entities
2. Tk. 1,15,000.00 by encashing his earn leave from M/S White Limited
3. Tk. 65,000.00 as a reward for extraordinary performance from White Limited
4. Tk. 75,000.00 as overtime From M/S Black Limited
5. Tk. 80,000.00 as recognition of performance from M/S Black Limited
6. Tk. 1,25,000.00 as medical support from each of the companies
7. Contribution to Provident fund @ 10% of the basic both the entities
8. Provided with a car subject to monthly recovery of Tk. 3,000 along with one driver, monthly salary being Tk. 10,000.00
and two support staffs salary being tk. 7,500.00 each from White Limited
9. Furnished accommodation subject to monthly recovery of 5,000.00 from Black Limited
10. Received Tk. 75,000.00 from his present Employer from WPPF from White Limited
Mr. X is the father of one mentally disabled boy out of their marriage lock.
Mr. X received Tk. 78,000.00 as interest on P.F. balance from M/S White Limited, received from M/S Black Limited Tk.
62,000.00 as arrear pay and Tk. 6,56, 000.00 upon his separation from M/S. White Limited
Mr. X. received Tk. 76,000.00 as interest on bank deposit.,
Mr. X is owning Shanchay Patra for Tk. 9,00,000.00 since the year before and during the year received Tk. 90,000.00 as Interest. Bank charged Tk. 600.00 for collecting the interest. He also paid interest of Tk. 6,000.00 for a loan placing Sanchaypatras under
lien.
Mr. X is owing a residential building incurring the cost of Tk. 65,00,000.00 years before comprising 10 flats out of which, Mr. X is
using two and rented other flats at a quarterly rent of Tk. 45,000.00 per flat and incurred the following expenses
1. Municipal Tax Tk. 72,500.00
2. Local Tax Tk. 36,000.00
3. Land Revenue Tk. 12,000.00
4. Insurance premium Tk. 17,000.00
5. Int. on Loan Tk. 45,900.00
6. Watchman Salary Tk. 42,000.00
7. Painting Tk. 1,25,000.00

Calculate

1. Particulars of income from Salaries

2. Particulars of Income and Tax Emergency solution needed