From the following data, calculate the tax payable by Mr. Sohail Aslam for the year ended 30th June. 2019; a) Salary Rs. 195,000/- p.m b) Special Pay Rs. 25,000/- p.m ) Bonus for the year Rs. 585,000/- d) Conveyance allowance Rs. 15,000/- p.m e) Free accommodation provided by the employer. He was entitled to a house allowance of Rs. 420,000/- A Medical expenses reimbursed by his employer under the contract of employment Rs. 24,600/- ) Zakat paid under Zakat Ordinance during the year Rs. 48,000/- h) Donation to approved charitable institutions under section 61 Rs. 500,000/- 9 Legal expenses during the year Rs. 30,000/- D Amount paid for approved pension scheme during the year Rs. 190,000/- k) Shares of listed companies Purchased Rs. 1000,000/-
From the following data, calculate the tax payable by Mr. Sohail Aslam for the year ended 30th June. 2019; a) Salary Rs. 195,000/- p.m b) Special Pay Rs. 25,000/- p.m ) Bonus for the year Rs. 585,000/- d) Conveyance allowance Rs. 15,000/- p.m e) Free accommodation provided by the employer. He was entitled to a house allowance of Rs. 420,000/- A Medical expenses reimbursed by his employer under the contract of employment Rs. 24,600/- ) Zakat paid under Zakat Ordinance during the year Rs. 48,000/- h) Donation to approved charitable institutions under section 61 Rs. 500,000/- 9 Legal expenses during the year Rs. 30,000/- D Amount paid for approved pension scheme during the year Rs. 190,000/- k) Shares of listed companies Purchased Rs. 1000,000/-
Chapter2: Income Tax Concepts
Section: Chapter Questions
Problem 33P
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Question
![From the following data, calculate the tax payable by Mr.
Sohail Aslam for the year ended 30th June, 2019;
a) Salary Rs. 195,000/- p.m
b) Special Pay Rs. 25,000/- p.m
c) Bonus for the year Rs. 585,000/-
d) Conveyance allowance Rs. 15,000/- p.m
e) Free accommodation provided by the employer. He was
entitled to a house allowance of Rs. 420,000/-
f)
Medical expenses reimbursed by his employer under the
contract of employment Rs. 24,600/-
R) Zakat paid under Zakat Ordinance during the year Rs.
48,000/-
h) Donation to approved charitable institutions under
section 61 Rs. 500,000/-
) Legal expenses during the year Rs. 30,000/-
Amount paid for approved pension scheme during the
year Rs. 190,000/-
k) Shares of listed companies Purchased Rs. 1000,000/-](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c8bc694-a8ef-45dc-8fed-5b6dc497a8db%2F38f0ccd4-0e93-4315-8119-a1b710a107ab%2Fjiobx7i_processed.jpeg&w=3840&q=75)
Transcribed Image Text:From the following data, calculate the tax payable by Mr.
Sohail Aslam for the year ended 30th June, 2019;
a) Salary Rs. 195,000/- p.m
b) Special Pay Rs. 25,000/- p.m
c) Bonus for the year Rs. 585,000/-
d) Conveyance allowance Rs. 15,000/- p.m
e) Free accommodation provided by the employer. He was
entitled to a house allowance of Rs. 420,000/-
f)
Medical expenses reimbursed by his employer under the
contract of employment Rs. 24,600/-
R) Zakat paid under Zakat Ordinance during the year Rs.
48,000/-
h) Donation to approved charitable institutions under
section 61 Rs. 500,000/-
) Legal expenses during the year Rs. 30,000/-
Amount paid for approved pension scheme during the
year Rs. 190,000/-
k) Shares of listed companies Purchased Rs. 1000,000/-
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