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Pension's contribution In the tax year 2020/21, Rashid earned a salary of 90,500. Rashid has no other source of income. Required: Compute Rashid's taxable income

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Pension's contribution In the tax year 2020/21, Rashid earned a salary of 90,500. Rashid has no other source of income. Required: Compute Rashid's taxable income for the tax year 2020/21 assuming: 1. He paid a contribution of 15,000 to her employer's occupational pension scheme 2. He contributed 12,000 (net) to a personal pension plan 3. Comment on the overall tax position under the two situations

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