Calculate the managerial remuneration from the following particulars of Zen Ltd. the company has only one Managing Director.

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Net Profit Net Profit is calculated after considering the following: Depreciation Preliminary Expenses Provision for Tax Director's fees Particulars Bonus Profit on Sale of Fixed Assets (original cost 2,00,000; WDV 1,10,000) Provision for Doubtful Debts Scientific Research Expenditure (for setting-up new laboratory) Managing Director's Remuneration Paid Other information : Depreciation allowable is * 3,50,000. Bonus liability as per the Payment of Bonus Act, 1965 is * 1,80,000. Looking at the past records of debtors, provision for doubtful debts is not required. Rate of managerial remuneration is 5%. ₹ 20,00,000 4,00,000 1,00,000 31,00,000 80,000 1,50,000 1,55,000 90,000 2,00,000 3,00,000