Mrs. Shejuti Khan is a professor of a private law school. She draws Tk. 30,000 as salary, Tk. 2000 as medical allowance, Tk. 1000 as conveyance allowance and Tk. 1,000 as entertainment allowance per month. She also receives 30% of her basic salary as house allowance and two bonuses in a year equivalent to one months basic salary each. She owns a house at Mohammadpur, Dhaka. During the year income from the house has been compute at Tk. 59,000 as follows:

Her other incomes were as follows: a) Agricultural income (from lease of land) Tk. 25,000 b) Income from selling honey Tk. 20,000 c) Income from selling flower Tk. 50,000

During the year her investments were as follows: a) Purchase of share from IPO market Tk, 350,000 b) Life insurance premium Tk. 50,000 c) Contribution to Recognized Provident Fund @ 10% of B.S. Compute total and Taxable Income of Mrs. Shejuti Khan for the income year 2019-2020 and the net tax payable amount.

Description Tk. Tk. Rent 110,000 Less Expenses: Repair 8,000 Water bill 10,000 City Corp. Tax 5,000 Insurance 4,000 Salary of Liftman 24,000 Total 51,000 59,000 Description Tk. Tk. Rent 110,000 Less Expenses: Repair 8,000 Water bill 10,000 City Corp. Tax 5,000 Insurance 4,000 Salary of Liftman 24,000 Total 51,000 59,000