03-15-2010, 01:47 AM
The following information is available in respect of Mr. Hassan for Tax year ending on 30th June,2009. (
(i) Salary Rs. 300,000
(ii) Income from Agriculture 15,000
(iii) Income from Poultry farm 12,000
(iv) Payment to workers welfare fund 5,000
(v) Entertainment bills reimbursed 10,000
(vi) Telephone Bills reimbursed 6,000
(vii) Efficiency honorarium 10,000
(viii)Profit on sale of inherited house 14,000
(ix) Over time payments received 7,000
(x) Remuneration for literary work 9,000
(xi) Dividend income from private company 17,000
(xii) Zakat paid 3,000
Calculate taxable Income of Mr. Hassan for the year ending on 30th June, 2009.
(i) Salary Rs. 300,000
(ii) Income from Agriculture 15,000
(iii) Income from Poultry farm 12,000
(iv) Payment to workers welfare fund 5,000
(v) Entertainment bills reimbursed 10,000
(vi) Telephone Bills reimbursed 6,000
(vii) Efficiency honorarium 10,000
(viii)Profit on sale of inherited house 14,000
(ix) Over time payments received 7,000
(x) Remuneration for literary work 9,000
(xi) Dividend income from private company 17,000
(xii) Zakat paid 3,000
Calculate taxable Income of Mr. Hassan for the year ending on 30th June, 2009.