Q. No. 4: From the following data, calculate the total income and income tax payable by Mr. Muhammad Ali for the tax year ending 30th June, 2019:

1. Basic salary Rs. 72,000 per month in the scale (Rs. 60,000-6,000-90,000)

2. Bonus Rs. 144,000

3. Entertainment allowance Rs. 45,000

4. House rent allowance at 50% of the minimum time scale 5. Conveyance allowance Rs. 80,000

6. Tax paid by the employer Rs. 10,000

7. Zakat was deducted Rs. 180,000

8. Re-imbursement of internet bill (used for office) Rs. 35,000

9. Encashment against un-availed leave Rs. 25,000

10. Interest free loan obtained from employer RS. 1,200,000

11. Medical allowance Rs. 95,000

12. Fixed educational allowance for children Rs. 50,000

13. Telephone bills paid by the employee himself Rs. 36,000 (tax paid with telephone bills Rs. 2,500)

14. Tax paid on cash withdrawal from bank Rs. 4,000

15. Hotel bills paid by the company relating to official duties Rs. 55,000

16. Utilities allowance Rs. 20,000

17. TV and Refrigerator provided by the employer only for use of employee costing Rs. 130,000, on which the company charged depreciation @ 20% in its books of accounts.