Subject Business Taxation

Please Solve ASAP

Answer must have Fully Step by Step

Q.5 (20) From the following information, calculate taxable income and tax payable by Mr. Faisal, a trader. (20) No. Income Amount 1 Sales revenues 10,00,000 2. Cost of sales 250,000 3 Depreciation 30,000 4 Interest expenses 12,000 5 Salaries 35,000 6 Capital gains on sale of shares of a private company after 1 year of purchase 20,000 7 Income from property 200,000 Zakat paid 10,000 Donation to a school 11,000 colo VOA