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Tax on Salary
12-25-2009, 02:21 AM
Post: #16
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by shakilicma76</i>
<br />Who is responsible to file return employee or employer?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Dear Shakil,
Although hshamsi has replied for your query diligently, however to be more concerned with your query, note that, Employer(or his authorised agent on his/her behalf) is responsible to file return on behalf of its employees in case where taxable income of an employee during a particular year does not exceed Rs.500,000, however, if taxable income exceeds Rs. 500,000 then employer's responsibility to do so shall be ceased and employee will be responsible to file his return forthwith wealth statement.

If employee, due to any reason, fails to file return of income and wealth statement thereof then he/she will be penalized accordinly.

The issues with regard to penalty in case of non fillin has already been discussed at the followin thread.

http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=8610

Best Regards,

Faisal
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12-26-2009, 12:12 AM
Post: #17
 
Employee is required to file a proper return of income.

In case of short or excess deduction of tax by the employer.

The income chargeable to tax in a tax year includes income chargeable under any other head i.“Property”, “Business”, “Capital Gains” or “Other sources”

Employee has more than one employer.

Income from disposal of shares subject to restriction of transfer or a right or option to acquire share, acquired under the employee share scheme.

The deduction of tax at source by an employer out of salary is not a final discharge of employee’s obligation. The employee is required by law to file the employer’s certificate in lieu of return of income or the return of income (Attachment to Employer’s Certificate), as the case may be.
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12-27-2009, 07:16 PM
Post: #18
 
Dear,

Shakil has asked a quite simple query i.e. "Who is responsible to file return, employee or employer?", and in such a case, assumptions with regard to short or excess deductions by employer, more than one employer or other incomes in useless to discuss.

These replies would have been feasible, had the question been asked to provide the detail in this regard.

Best Regards,
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