2074 -2-1 Bank balance RS. 80,000 2074-2-5 Received bank order and budpet helease undez RS - 4,00,000 2074-2-12 Issued a cheque R5.60,000 to purchase machine. 2074-2-23 out of advance RS. 10000 of mr. kalie eleared as per bill of RS-8000. 2074-2-30 salary for the month of 아 jestha is distributed after deducting provident Fund as per rule. * Required's Bank cash book.
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Miss. Sharmin Akter is a manager of a private organization. During the year 2019-20 she had the following income from her salary: i. Basic Salary tk 23,500 ii. Three bonus equivalent to one basic salary each iii. Dearness Allowance 10% on basic salary iv. House rent allowance tk 10,000 per month v. Entertainment allowance tk 600 per month. vi. Conveyance allowance tk 1,000 per month vii. She received tk 25,000 from employer for extraordinary performance. viii. She contributes 10% of basic salary to recognized provident fund. ix. Interest on recognized provident fund tk 2,500 @ 10%. x. Received interest from bank saving account tk 10,000 (net). Tax @ 10% was deducted on bank interest. xi. Paid life insurance premium tk 10,000 quarterly and purchased ICB certificates tk 20,000. Requirements: Calculate her income from salary, tax credit income, tax rebate and tax payable.