Short numericals for Practice

➢ Name:
Compulsory headings for each solution to numerical ➢ Tax year: 2021-2022
➢ Tax year ended: 30th June 2022

Q.1. Mr. Saleem is a banquet manager in “City View Hotel” and the particulars of his income
during the year are as under:

1. Basic salary per month Rs. 34000 in the pay scale of (Rs. 15000-1000-25000)
2. Cost of living allowance 58500
3. Furnished accommodation provided by employer
4. Conveyance provided by employer (Cost of car is Rs. 1400,000)
5. Lunch facility provided by the hotel Rs. 28000
6. Educational expenses of the children borne by the hotel Rs.70,000
7. He earned foreign income Rs. 120,000.
8. Paid tax on foreign income 10,000

Required: Compute the Taxable Income of Mr. Saleem for the tax year 2021-2022

Q.2. Mr. Asif is an employee of sugar mill in Patoki and the details of his income for the tax
year is as under:

1. Basic salary 660,000

2. Travelling and daily allowance Rs. 8000
3. Gas, water and telephone reimbursed by the employer Rs. 24000
4. Free of cost electricity provided by sugar mill from its own resources Rs. 35000
5. Conveyance provided for official use only cost of conveyance is 1650,000
6. Subsidized lunch facility provided by employer Rs. 21000
7. Fixed educational allowance for children Rs. 45000
8. Furnished accommodation provided in the residential colony of the mill, annual value of
accommodation is 250,000
9. Shares from AOP Rs. 20,000
10. Donated Rs. 40,000 to Sargodha educational Board

Required: compute the taxable income of Mr. Asif for the tax year 2021-2022

Q.3. Compute the tax liability of Mr. Zaman ( A full time teacher in a non-profit institution
approved by government) with the help of following information
 1. Basic salary 100,8000
2. Phd allowance 120,000
3. Orderly allowance Rs. 12000
4. Computer allowance 18000
5. Transportation facility (pick and drop) provided Rs. 15000
6. Reimbursement of internet bills (used for office) Rs. 30,000
7. Contributed in approved pension fund Rs. 25000

Q.4. Compute the taxable income of Mr.Munir who is 64 years old with the help of following
particulars

1. Basic salary 630,000 (Pay scale 40,000- 2500- 60,000)

2. Efficiency honorarium Rs. 48000
3. Reimbursement of internet bills (used for private purpose) Rs. 24000
4. Relocation allowance Rs. 16000
5. Senior post allowance Rs. 40,000
6. Unfurnished accommodation provided by employer
7. Invested in health insurance Rs. 20,000

Q.5. Compute the taxable income:

1. Basic salary per month Rs. 80,000
2. Salary of driver and sweeper paid by employer Rs. 96000
3. Personal medical expenditure reimbursed Rs. 65000
4. Contribution in recognized provident by the employee Rs. 48000.
5. Contribution in recognized provident by the employer Rs. 48000.
6. Profit (interest) on accumulated balance @ 20% Rs. 25000

Q.6. compute the taxable income from the following particulars:

1. Basic salary Rs. 60,000 per month
2. Dearness allowance Rs. 60,000 per annum
3. Salary of cook and watchman paid by employer Rs. 210,000
4. Medical allowance Rs. 90,000
5. Contribution in recognized provident fund by employee Rs. 42000 and the same amount
contributed by employer
6. Interest credited @ 18% Rs. 15120
7. Loan of Rs. 1400,000 provided by employer @ 6%
8. Leave fare assistance Rs. 40,000
9. Gratuity (Unapproved) received by employer Rs. 300,000

Q.7. Compute the taxable income of with the help of following information:
 1. Basic Salary Rs. 1200,000
2. Commission Rs. 40,000
3. Dearness allowance Rs. 60,000
4. Medical allowance in addition to medical facility in accordance with the terms of employment
Rs.18000
5. Entertainment facility Rs. 12000
6. Research allowance Rs. 24000
7. Loan received from employer @ 4% amount of loan is Rs. 600,000
8. Gratuity received which was approved by FBR Rs. 310,000

Q.8. Compute the taxable income and tax liability of Mr.Junaid who is 63 year old, from the
following particulars

1. Basic Salary per annum 340,000

2. Medical allowance 30,000
3. Accommodation allowance Rs. 14000
4. Accommodation facility provided but if this facility was not provided to him he was entitled to
receive 10,000 per month.
5. Conveyance provided by employer for official use only, value of vehicle is Rs, 1400,000
6. Entertainment provided during working hours Rs. 10,000
7. Interest free loan provided by employer amount of loan is Rs. 400,000
8. Gratuity received from employer which was approved by CIR (Commissioner Inland Revenue),
Rs. 200,000
9. He is also receiving pension from previous another employer Rs. 12000 per month
10. Contribution in recognized provident fund by employee Rs. 30,000
11. Contribution in recognized provident fund by employer Rs. 30,000
12. Interest credited @ 12% Rs. 12000
13. Shares from AOP 10,000
14. Received foreign income Rs. 10,000
15. Paid tax on foreign income Rs. 200
16. Investment in shares Rs. 400,000
17. Tax deducted at source from salary Rs. 200