Mr. Laxman joined a company on 01.06.2021 in a town where population is 15 lakhs, and was given the following.
1. Monthly emoluments: Basic Pay ₹25,000; D. A. ₹10,000; Medical allowance ₹500
2. Furnished accommodation owned by the employer and provided free of cost
3. Value of furniture there in ₹30,000
4. Motor car (1,5 litre CC) owned by the company with a chauffeur for official and personal use. Expenses of the car paid by the company ₹45,000
5. Salary of servant and watcher paid by company ₹1,500 each (per month)
6. Educational facility for 2 children provided free of cost .The school is owned and maintained by the company, expenses incurred by the company ₹12,000.
7. Interest free loan ₹5,00,000 repayable within 7 years given by the company on 1.10.2022 or purchasing a house. No repayment was made during the year. (SBI housing loan interset rate 9% p.a)
8. Interset free loan for purchasing a computer ₹50,000 given on 1.1.2022. No repayment was made during the year (SBI interest rate 12% p.a.)

You are required to compute the income of Mr .Laxman under the head 'income from salary' for the year 2022-23