SECTION: $B$

Case Study $($Compulsory Question$).$

One fourth of the car expenses relate to personal use. He stays in a house whose municipal valuation is $1,00,000$ while the expected rent is $90,000$ only. He paid municipal taxes $2,000$ for this house and paid interest on loan $40,000($loan taken in$1998).$ These were not recorded in the cash book shown above. He is also eligible for deduction $\frac{u}{s}80C$ of $40,000$ Estimate the taxable total income and tax payable of Mr$.$ Mathew for the year $2022-23.$