Dr. Shrestha retired as a medical officer from nursing home on 1st Chaitra of previous income year. The nursing home is located at remote area 'B'.…

Dr. Shrestha retired as a medical officer from nursing home on 1st Chaitra of previous income year. The nursing home is located at remote area 'B'. He has submitted the following details of his income for the previous year.
➤ Monthly salary Rs 60,000.
➤ Pension income Rs 40,000 per month.
➤ Remote area allowance Rs 3,000 p.m.
➤ Dashain and tihar allowance equal to one and half month salary.
➤ Dearness allowance Rs 5,000 p.m.
➤ Transportation allowance Rs 2,000 p.m.
➤ Overtime pay Rs 50,000.
➤ Salary in lieu of leave Rs 80,000.
➤ Car and housing facilities is provided by nursing home.
➤ His life insurance premium paid by the employer Rs 50,000 for the insured sum of Rs 300,000.
➤ His contribution to recognized provident fund 10% of salary and employer also contributed equal amount.
➤ Tiffin and meal facility provided by employer at office Rs 5,000 p.m. in equal term to all staffs.
➤ School fees of his daughter paid by employer Rs 2,000 p.m.
➤ During the previous year the employer had sent him to Kathmandu to attend a short-term seminar. For this purpose, he was provided with travelling and daily allowance Rs 35,000 (net)
➤ Royalty income from natural resources Rs 85,000 (net)
➤ Emergency medical treatment expenses paid by employer Rs 480.
➤ Salary from part time lecture Rs 170,000 (net)
➤ Meeting allowance Rs 8,500 (net).

He has claimed the following expenses for deduction:
➤ Donation given to political party Rs 30,000
➤ Transportation expenses Rs 3,500.
➤ Household expenses Rs 8,000.
➤ Health insurance premium Rs 30,000.
➤ Medical expenses incurred Rs 5,000 of his own.
➤ Advance payment of tax Rs 10,000

Required: (a) Assessable income from employment
(b) Statement of taxable income
(c) Tax liability.