I would like to know what applies to the salary of a person who has earned it from income tax exempted sector i.e. 'IT Enabled Services'. Exemption is only for the business owner? or it also applies to all his employees' income as well.
ZIA
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by seekerpk</i>
<br />I would like to know what applies to the salary of a person who has earned it from income tax exempted sector i.e. 'IT Enabled Services'. Exemption is only for the business owner? or it also applies to all his employees' income as well.
ZIA
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Dear Zia,
This exemption is available to company/Owner only, in this regard, salary of an employee working in the said company, will have to pay tax under section 149, provided that his yearly salary exceeds the maximum limit on which tax is exempted.
Best Regards,
Faisal