Tuhin (Male student considers it as a wounded male freedom fighter and Female student considers it as a female disabled person). He/she has an income of Tk. 21218244 in the income year 2020-2021. His/her only source of income in the income year is Agriculture, in particular from tobacco production. He/she is the uncle/aunt of FOUR children, among these three, two are autistic and the other two are mentally retarded.
Besides all those information, additional information is given:
She/he has a net wealth of Tk. 14 crores.
Purchase of laptop Tk. 120,000.
Purchase of Unlisted company shares Tk. 11,000.
Donation to International level institution Tk. 100,000.
Donation A. khan Dev. Network Tk. 37,000.
Life Insurance Premium Tk. 4000 (policy value Tk. 60,000)
Purchase of listed company’s shares Tk. 40,000.
Compute taxable income, investment allowance, and tax liability of Tuhin for the assessment year 2021-2022.