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QNO:1 The following data relates to Mr.

Shafiq Ahmed for the year ended 30th June 2012: Calculate his Tax payable. Basic Salary Bonus Pay in lieu of Leave Special Additional Allowance Conveyance Allowance(Partly for Personal use) Zakat Deducted Rental Income from Property Property Tax & Insurance paid Employee Contribution Employers Contribution Interest on Provident Fund Tax delivered on TV(net) Employer deducted Tax under Sec 149 Contribution to Approved Fund Yield received on a National Saving Deposit Certificate Notes: 1. Mr.Shafiq Ahmed was provided with Rent Free Accommodation by his Employer. 2. Remuneration for examiner ship fee.Rs.2000/QNO:2 Mr.Muhammad Tahir is 66 Years of age. At present his working as chief Accountant in XYZ Limited (engaged in Transport business).From the following data, compute his tax payable for the year ended 30th June2012: Basic Salary Cost of Living allowance Conveyance Allowance Utilities allowance Prize on prize bond Leave Encashment Gain on Sale of Shares of Public Co.(holding period less than six months) Income of non-professional writer Donation to Governmental Hospitals Share of Listed Companies Purchased Shares of Private Companies Purchased through Privatization Commission of Pakistan Income from Property Contribution to workers welfare Fund Leave fare Assistance(free of Cost) Personal Medical Expenses 3,00,000 1,00,000 30,000 20,000 25,000 7,000 10,000 5,000 16,000 10,000 4,000 1,50,000 12,000 38,000 15,000 200,000 50,000 10,000 15,000 8,000 10,000 315,000 40,000 12,000 12,000 6400 9400 2000 24,000 10,000

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