None 
Mr. Raihan Jabir is a Chief Financial Officer of JKL Group. His incomes from different sources are given below: Income from Salary: He received basic salary of Tk. 45,000 each month; House rent allowance was 55% of his basic salary; Medical allowance Tk. 2,000 per month and Conveyance allowances Tk. 5,000 per month. During the year he received two festival bonuses (each equal to two month's basic salary). He contributed 10% of his basic salary to recognized provident fund; his employer also contributed the same amount to the provident fund as he does. He got a car from his office for both official and personal use. During the year, he attended to another university as a visiting faculty and received honorarium of Tk. 55,000. Income from House Property: Mr. Raihan Jabir is an owner of a house that was let out for residential purpose at a monthly rent of Tk. 50,000. Municipal value of the house is Tk. 580,000 yearly. Mr. Raihan paid repair and maintenance expenses Tk. 100,000 in the year. Mr. Raihan paid Tk. 4,000 as municipal tax; and Tk. 5,000 as land revenue. The house remained vacant for two months during the year. Income from Agriculture: His income from agricultural goods (after deducting admissible expenses) was Tk. 100,000 Income from other sources: Income from salt production Tk. 10,000; profit from savings bank deposit Tk. 4,000; Dividend from a public limited company Tk. 27,000; sale of fish of pond Tk. 20,000. He received Tk. 21,000 as royalty from a publisher. Investments and expenses: Mr. Raihan Jabir made and incurred the following investments and expenses during the year: Family expenses Tk. 1,70,000; life insurance premium Tk. 1,50,000; donation to Centre for the Rehabilitation of the Paralyzed (Savar) Tk. 15,000; purchase of share from IPO TK. 25,000; donation to a local club Tk. 15,000; donation to president relief fund Tk. 40,000; donation to a private hospital Tk. 15,000; donation to Ahsania Mission Cancer hospital Tk. 40,000; Investment in savings certificate Tk. 50,000. Required: Compute Mr. Raihan Jabir's total taxable income, investment allowance and net tax liability for the income year 2019-20. Mr. Raihan Jabir is a Chief Financial Officer of JKL Group. His incomes from different sources are given below: Income from Salary: He received basic salary of Tk. 45,000 each month; House rent allowance was 55% of his basic salary; Medical allowance Tk. 2,000 per month and Conveyance allowances Tk. 5,000 per month. During the year he received two festival bonuses (each equal to two month's basic salary). He contributed 10% of his basic salary to recognized provident fund; his employer also contributed the same amount to the provident fund as he does. He got a car from his office for both official and personal use. During the year, he attended to another university as a visiting faculty and received honorarium of Tk. 55,000. Income from House Property: Mr. Raihan Jabir is an owner of a house that was let out for residential purpose at a monthly rent of Tk. 50,000. Municipal value of the house is Tk. 580,000 yearly. Mr. Raihan paid repair and maintenance expenses Tk. 100,000 in the year. Mr. Raihan paid Tk. 4,000 as municipal tax; and Tk. 5,000 as land revenue. The house remained vacant for two months during the year. Income from Agriculture: His income from agricultural goods (after deducting admissible expenses) was Tk. 100,000 Income from other sources: Income from salt production Tk. 10,000; profit from savings bank deposit Tk. 4,000; Dividend from a public limited company Tk. 27,000; sale of fish of pond Tk. 20,000. He received Tk. 21,000 as royalty from a publisher. Investments and expenses: Mr. Raihan Jabir made and incurred the following investments and expenses during the year: Family expenses Tk. 1,70,000; life insurance premium Tk. 1,50,000; donation to Centre for the Rehabilitation of the Paralyzed (Savar) Tk. 15,000; purchase of share from IPO TK. 25,000; donation to a local club Tk. 15,000; donation to president relief fund Tk. 40,000; donation to a private hospital Tk. 15,000; donation to Ahsania Mission Cancer hospital Tk. 40,000; Investment in savings certificate Tk. 50,000. Required: Compute Mr. Raihan Jabir's total taxable income, investment allowance and net tax liability for the income year 2019-20
