1. Mr. Peter, an employee of a company was paid the following emoluments during the tax year 2012. i. ii.

iii. i&. &. &i. &ii. &iii. ix. x. xi. Basic salary "ouse ent #llowance %on&eyance #llowance 'earness #llowances 'ri&ers (alary )tilities #llowance Pension from pre&ious employer Pro&ident +und , ecogni-ed. )nfurnished #ccommodation ,it0s +air mar1et &alue. "a3 4xpenses /orne /y 4mployer 5nterest free loan s.!0,000 per month s.$0,000 per month s.20,000 per month s.1!,000 per month s.1!,000 per month s.*0,000 per month s.100,000 per month s.10,000 per month /y the employer s.20,000 per month s.200,000 s.!00,000

'uring the tax year 2012 s.!0,00067 was paid /y the employer for clearing the dues of the employee paya/le to a /an1. %ompute total income and calculate tax lia/ility of Mr. Peter for the tax year 2012. (5 Marks) 2. Mr. Moee- rented out the property at monthly rent of s.80, 00067 during the tax year 2011. )n7ad3usta/le deposit of s.!00, 00067 was also recei&ed during the year. Property tax of s.$!, 00067 paya/le for the last income year was paid in income year pertaining to tax year 2011. 9wo months0 rent of the year was irreco&era/le. 9he following expenses were incurred against the Property: epairs 5ncome 9ax Property 9ax of last income year %ollection %harges. 5nterest paid s.100,000 s.10,000 s.!,000 s.$,000 s.10,000 (5 Marks)

%ompute total income of Mr. Moee- and calculate his 9ax lia/ility