Nicanor, a Filipino Citizen residing in Manila, had the following data for the taxable year 2021:

Gross income from rent of commercial spaces,
net of P 60,000 withholding tax P 1,140,000

Dividend income

From domestic corporations                                                        50,000

From resident foreign corporation                                              60,000

From non-resident foreign corporation                                      20,000

Interest income:

On notes receivable                                                                        5,000

On Philippine bank deposit, net of FWT                                      4,800

On Phil's bank deposit under FCDU                                               4,000

On bank deposit abroad                                                                5,000

On long-term bank deposit                                                          20,000

Royalty income:

From literary works                                                                        10,000

Other than literary works 12,000

Capital gains:

On sale of shares of stock of ABC Corp,
a closely held corporation directly to a buyer at P 550,000 200,000

On sale of vacation house in Bulacan                                           500,000
(Acquisition Cost = 5,500,000; ZV = P 4,000,000, FMV per tax dec: 5,000,000)

Business expenses                                                                            691,000

GRADUATED TAX TABLE UNDER TRAIN LAW (January 1, 2018, to December 31, 2022)

Over	But not over	The tax shall be	Plus	Of excess over
	250,000	0	0	-
P 250,000	400,000	0	20%	P 250,000
400,000	800,000	30,000	25%	400,000
800,000	2,000,000	130,000	30%	800,000
2,000,000	8,000,000	490,000	32%	2,000,000
8,000,000		2,410,000	35%	8,000,000

Required

How much is the income exempt from income tax, if any?