Mr. Nahid Hasan Khan is a service holder. He received basic salary (BS) Tk. 25,000. per month; dearness allowance 10% of BS; two festival bonuses, each equal to one month's BS. He has been provided with a house at a concessional rate for which Tk. 1,000 per month is deducted from his salary. The annual value of the house is Tk. 50,000. He has been provided with a car for both office and private use. Besides, he is also provided with Tk. 1,000 per month as conveyance allowance. He has also been provided with telephone facilities at his residence. The telephone bill reimbursed for the year amounted to Tk. 12.000. During the year, he received arrear salary of Tk. 16,000, not charged to income for any earlier income year. Both Mr. Khan and his employer contributed @ 10% of BS to a unrecognized provident fund. From the previous employer, he received compensation Tk. 50.000: gratuity Tk. 50,000 and overtime allowances Tk. 5,000. Compute his taxable income from salary considering the given particulars for the current income year. please solve correct & earlier.

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Calculation of Income from salary of Mr Nahid Hasan Khan for the year AmtTk AmtTk Bas... View the full answer