+- Accountancy Forum (https://www.accountancy.com.pk/forum)
+-- Forum: The Profession (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=4)
+--- Forum: Tax (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=8)
+--- Thread: Withholding tax on Insurance Premium (/showthread.php?tid=5921)
Withholding tax on Insurance Premium - Farhan2009 - 06-04-2009
Dear Frndz
I know, we do not deduct withholding tax on payments of Insurance Premium but i want to know the reference for non deduction of tax.
- shahidmobeen - 07-10-2009
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Farhan2009</i>
<br />Dear Frndz
I know, we do not deduct withholding tax on payments of Insurance Premium but i want to know the reference for non deduction of tax.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
- shahidmobeen - 07-10-2009
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by shahidmobeen</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Farhan2009</i>
<br />Dear Frndz
I know, we do not deduct withholding tax on payments of Insurance Premium but i want to know the reference for non deduction of tax.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Please refer to circular No.1(25)IT-I/80 dated october 1, 1980.
the circular clearly exempt the insurance premium from withholding tax.
- Farhan2009 - 07-10-2009
Dear Shahid,
I cant find this circular ay FBR Website, please check again and tell the exact reference.
Regards
Farhan
- zara khan - 07-20-2009
anyone provide excel sheet of Income tax calculation 2009-10 employee can avail 10% medical exemption while calculating the tax.if organization does not provide medical.
- Shafiq - 07-21-2009
Inform your email to send salary tax calc.
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by zara khan</i>
<br />anyone provide excel sheet of Income tax calculation 2009-10 employee can avail 10% medical exemption while calculating the tax.if organization does not provide medical.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">