Mr$.$ Ahmed is working full time for a private company since many years. His monthly Basic Salary is Rs$.$

$150,000/-$ applicable from $01$ MAY $2023.$ He is provided a company car for both personal & official purposes,

that car was purchased for Rs$.2,500,000/-$ by the company. He is provided a Rent$-$free House and Company

pays him Rs$.25,000/-$ as monthly medical allowance. He is required to contribute on monthly basis in a

Provident Fund. The monthly amount he is contributing in that fund is Rs$.20,000/-$ and the company

contributes equivalent amount. His employer has paid Rs$.75,000/-$ during the tax year $2024$ against the Salary

of Driver provided to Mr$.$ Ahmed and made a deduction of Rs$.5,000/-$ per month from his Monthly salary

against the Salary of Driver.

Ahmed have resigned from this job and $31$ March $2024$ was his last day with this company. He received

his final settlement on $22$ April $2024.$ Along with March $2024$ Salary and allowances he received an

accumulated balance of his Provident Fund of Rs$.2,125,500/-$ and interest on this accumulated fund Rs$.$

$510,950/-.$ He also received Rs$.750,000/-$ from the company's gratuity scheme, which is un$-$approved.

Ahmed have joined a new company on $1$st April, $2024$ at a monthly Salary of Rs$.200,000/-.$ This new

company provides him company car for both personal and official use and the cost of this car is Rs$.$

$3,500,000/-.$ The new company pays him Rs$.25,000/-$ as monthly medical allowance & Rs$.100,000/-$ as

monthly House Rent Allowance.

He is required to contribute on monthly basis in a Provident Fund. The monthly amount he iscontributing

in that fund is Rs$.27,000/-$ and the new company contributes equivalent amount.

During the Tax Year $2024$ Ahmed has made payment of Rs$.150,000/-$ as ZAKAT under the Zakat and Ushr

Ordinance, $1980.$

Required:

Calculate the ANNUAL TAXABLE INCOME for the TAX YEAR $2024.$