Q) Compute the taxable income of Mr. Yaqub for a one tax year who has provided the following income (determined as per tax rules) and other information. During the year, Mr. Yaqub has earned Rs. 1,640,000 as a salary. Apart from job, Mr. Yaqub also runs a private online business from where he has earned Rs. 860,000 during that year. Furthermore, he also bought 1000 shares of Synergy Chemicals (Pvt.) Ltd. at Rs. 15/share and after few months he sold the same number of shares in the market at the price of Rs. 55/share and earned income on it and he also earned Rs.35,000 from the miscellaneous sources. During his income, the bank has deducted his Zakat that is Rs. 50,000 from his saving account and he has also paid Rs. 25,000 as Zakat privately to the poor. He also contributed Rs. 8,000 to workers participation fund during the tax year. During the tax year he has also paid Rs.500,000 tuition fees for his 3 children in this year He also has borrowed a loan for the construction of a house that is Rs. 4,500,000 on which he pays monthly installments of Rs. 35,000 where bank charges 12% as a profit on debt on each monthly installment. Compute the taxable income for one tax year and tax liability.