Prepare the computation of income and tax liability of Hamid, who is an employee of a
limited company, for the tax year ended on June 30, 2009. He has income form following
Salary and allowances (per annum)
Basic salary 120,000
House rent allowance 57,000
Utilities allowance 15,000
Car maintenance provided by the employer 18,000
Rental income: Rent (per month) 10,000
Hamid had received non-refundable deposit on his rental property of Rs. 500,000 five
years ago when the property was rented out.
He owns a car, which is also used for the business of his employer.
Following taxes were deducted at source from: