Question : Mr. Asif, a Salaried Individual, has following information for the Tax Year 2020.

• His Annual Tax Certificate from Employer shows, Annual Gross Salaried Income of Rs. 950,000
• His employer has deducted WHT under Section 149 (Salary of Employee) Rs. 17200.
• His Mobile Tax Certificate shows WHT under Section 236 (Prepaid Telephone Card) Rs. 889.
• He received share of Profit from Investment in a Business Rs. 150,000.
• The details of his Personal Assets as follow:

Balances	June 30, 2019	June 30, 2020
Cash at Hand	50,000	50,000
Bank Account (Salaried)	121,000	159,000
Bank Account (Saving)	150,000	265,000
Prize Bond	255,000	255,000
Investment in Business	2,000,000	2,000,000
Property (Residential)	3,200,000	3,200,000

Calculate:

• Total Income
• Tax Chargeable (Annual Income Tax)
• Admitted Income Tax (Remaining Tax Liability)
• His estimated Personal Expenses (Reconciliation of Personal Assets)