Pramod Mahajan is a Manager in Bajaj Co. Ltd. at Mumbai. He is in the grade ef 76 700-150-8,800 since 1st January, 2016. He gets 60% of Basic Pay as Deam Allowance and 8% of Basic Pay as City Compensatory Allowance. He has been provided th a furnished accommodation by the conmpany, owned by it, fair rent being 4,000 pes month. Furniture costing * 25,000 has also been provided by the company. A car of 1.6 litr Isc kis given to him, which is used for personal purpose also. Driver's salary and all the expenses related to official use are borne by the company. Facility of a gardener watchman and a servant is provided to him. They are paid by the company @7 450 p.m 450 p.m. and 300 p.m. respectively. He contributes 15% of his Basic Pay and Dearness Allowance to Recognised Provident Fund. Company contributes the same amount. Interest of 2,500 @ 12.5% has been credited to his P.F. Account in the end of financial year. On 1st April, 2018, he took an interest free loan of 1,50,000 from his employer for his marriage. He repaid 50,000 on 1st December, 2018. Assume rate of interest is 15% per annum. Assuming that his salary becomes due on 1st of next month, calculate taxable income under the head Salaries' of Shri Pramod Mahajan for the Assessment