Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Q . Na 0 5 : Compute the tax payable of Mr . Aamir Malik who during the tax year ended 3 0 t h
Q Na : Compute the tax payable of Mr Aamir Malik who during the tax year ended June enjoyed income from the following sources:
a Basic salary
Rs
b Bonus
c Rent free unfumished accommodation is provided by emplover. Rent Entitlement Rs
d Car provided by employer for private purposes only.
Car was purchased by employer for Rs
e Personal medical expenditure reimbursed
f Entertainment bills reimbursed official meeting
g Utilities allowance Rs
h Loan received from the employer Interest Free Loan
i Fee paid for management course sponsored by employer
j Profit on security issued by federal government gross
k Cooking range provided by the company
l House servant salaries borne by employer
Share from association of persons
n Tax deducted from salary by the employer
o Travelling allowance for official duty actual expenses Rs
p Income from property Rs
q Tuition fee of school children
Required. Calculate tax payable by Mr Aamir Malik
Rates of tax for salaried person for tax year
tableSHSlabs,Rate of TaxWhere the taxable income upto Rs
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started