Mrs. Sita joined a job at Reputed Private Bank Limited as a financial assistant on 1st Magh 2073 B.S. at a pay scale of Rs 25,000 1,000 30,000 1,500 40,000 and other details of income are as…

Mrs. Sita joined a job at Reputed Private Bank Limited as a financial assistant on 1st Magh 2073 B.S. at a pay scale of Rs 25,000-1,000-30,000-1,500-40,000 and other details of income are as follows. Dearness allowance Rs 2,000 p.m. She received next year's salary as advance Rs 50,000 Accommodation facility provided by the office. She received Rs 2,500 per month as education facility to her children from employer. Water and electricity bill of Rs 1,000 and Rs 600 respectively paid per month by employer for which office deducts Rs 800 per month from her salary. Life insurance premium Rs 25,000 paid by the employer. Meeting Allowance Rs 17,000 (net) Bank provides provident fund and Dashain allowance as per Government rules. She received Meal and Tiffin facility equal to Rs 2,500 p.m. in the office premises as provided to all the employees. She received travelling and daily allowance Rs 55,000. Home leave encashment Rs 36,000. Vehicle facility has been provided to her by the employer. She was also provided a housing loan of Rs 2,000,000 at a concession rate of 5% p.a. by the bank but prevailing market interest rate is 10%. She received Rs. 51,000 (net) as part time lecturer. She has claimed the following expenses for deduction: Donation given to tax exempt entity Rs 20,000 Domestic expenses Rs 45,000. Health insurance premium Rs 23,000 (self) Medical expenses incurred Rs 15,000 of her own. She is working at remote area 'C'. Advance payment of tax Rs 4,000 Required: a. Assessable income from employment b. Statement of taxable income c. Tax liability. [5+3+2]