Problem -2: From the following information compute the income chargeable under the head Interest on Securities for Mr. Jewel for the income year 2016-17: Value of 15% tax-exempt govt. securities Tk. 30,000; Interest on tax-exempt govt. securities Tk. 10,000; Interest on taxable govt. securities Tk. 9,000; Value of 15% debenture Tk. 60,000; Interest on 10% debentures Tk. 9,000 and income from zero coupon bond -Tk. 2,000. The Bank has charged Tk. 1,500 for collecting the above interests. In addition to this he has taken a bank loan of Tk. 100,000 @6% interest to purchase the tax-exempt government securities.