Sageer a resident individual is working as a professor at Knowledge Institute (KI). Details of his monthly remuneration during the year ended 30 June 2020 are given below: Basic Salary Conveyance allowance Rs. 200,000 Rs. 50,000 Rs. 300,000 Bonus Medical Allowance Rs. 20,000 Ex-gratia payment received under golden handshake scheme Rs. 2,000,000 In addition to the above, he was provided the following: Health Insurance for Sageer and his dependents as per the terms of employment. For this purpose KI is paying annual insurance premium of Rs. 40,000 Provident Fund contribution of Rs. 15000 per month to a recognized provident fund. An equal amount was also contributed by Sageer to the fund. On 31 August 2019, he received leave encashment of Rs. 100,000 relating to previous year. Rent free accommodation has been provided to Sageer. The fair market value of accommodation is Rs. 500,000 . During the year, Mr. A has been paid an interest free loan for construction of a house amounting to Rs. 1,150,000. The detail of assessed income and assessed tax in respect of past three years is as follows: Rs. Rs. 2019 1,300,000 270,000 2020 1,500,000 370,000 2021 2,200,000 560,000 Compute Sageer's taxable income and tax thereon for the Tax Year 2022