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Calculate Income tax liability of Mr. Ahmad, a teacher, for tax year ending on 30 th June 2019.

1. Basic pay (80,000-5000-100,000) 90,000PM


2. Cost of living allowance 100,000
3. Dearness Allowance 6000 PM
4. Gratuity (Approved by FBR) 350,000
5. Employee and employers contribution
In Recognized provident fund 190,000each
6. Bank interest on R.P.F @ 18% 130,000
7. Golden Hand Shake 350,000
8. Furnished accommodation is provided in small
Entitlement was 30,000 PM.
9. Car provided for personal use , cost 800,000
10. Rent from shop 30,000 PM
11. unajdustable advance 90,000
12. Forfeited amount of Token money 100,000
13. Income from wood business 150,000
14. Income from business at UK 400,000
15. Tax paid at UK 80,000
16. Income from talk delivered on TV (Net) 72,000
17. Gain on sale of private Shares 180,000
(After one year)
18. Zakat 40,000
19. Mark up on H.F.S 115,000
20. Contribution to approved pension fund 150,000
21. Health Insurance premium 40,000

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