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Q#6: Calculate the taxable income and net tax payable of Mr. Imran Rana for the tax year 2019. (10) Basic Salary 80000 pm Bonus.

Q#6: Calculate the taxable income and net tax payable of Mr. Imran Rana for the tax year 2019. (10) Basic Salary 80000 pm Bonus. 400000 pa Special pay 25000 pm Conveyance allowance 15000 pm Free accommodation provided by employer. He was entitled to a house rent allowance of Rs. 500000 pa Medical allowance 10000 pm Agriculture Income 300000 Special Allowance 5000 pm Zakat paid 50000 Mark up on housing finance scheme 10000 Donation to approved charitable institutions. 200000 Amount paid to approved pension scheme. 150000

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