Basnet is an officer of government office. He was promoted to this post on 1^st Shrawan 2073, at a salary scale of Rs. 50,000 1,500 53,000 EB 2,000 63,000. The other details provided by him for the…

Basnet is an officer of government office. He was promoted to this post on 1^st Shrawan 2073, at a salary scale of Rs. 50,000 - 1,500 - 53,000 - EB - 2,000 - 63,000. The other details provided by him for the previous years as follows: ❖ Family allowance Rs. 10,000 p.m. ❖ Dearness allowance 20% of basic salary. ❖ City compensatory allowance 10% of current salary and one month equal Dashain allowance. ❖ Travelling and Daily allowance (TADA) Rs. 20,000. ❖ Interest from fixed deposit amount Rs. 30,000. ❖ Office provided him car facility along with driver. Fuel expenses Rs. 25,000. Driver salary Rs. 20,000 p.m. and repairs & maintenance cost Rs. 30,000 paid by office. ❖ Office has also provided a free quarter for his accommodation. ❖ A domestic assistant provide by the office, his monthly salary Rs. 6,000 paid by office. Basnet contribution towards this facility was Rs. 2,000 pm. He claimed the following expenses for deduction: ❖ He is a member of Recognized Provident Fund contributing 10% of his salary towards this fund. ❖ He contributed amount Rs. 30,000 in the citizen investment trust. ❖ He paid life insurance premium Rs. 35,000. ❖ Donation paid to social welfare organization Rs. 30,000. ❖ Basnet claimed medical expenses Rs. 20,000 and 50% paid by office. Required : a. Net (assessable) income from Employment . b. Statement of Total Taxable Income c. Tax liabilities