05-26-2010, 01:21 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by AbdulSamad</i>
<br />Muhammad Rehman i think there is little mistake taken by LAPTOP. Well i am paste here rent tax shedule, where company's rent tax deducting.
(b) The rate of tax to be deducted under section 155, in the case of company, shall
(1) Where the gross amount of rent does not exceed Rs.400,000.
5 per cent of the gross amount of rent.
(2) Where the gross amount of rent exceeds Rs.400,000 but does not exceed Rs.1,000,000.
Rs.20,500 plus 7.5 per cent of the gross amount of rent exceeding Rs.400,000.
(3) Where the gross amount of rent exceeds Rs.1,000,000.
Rs.65,000 plus 10 per cent of the gross amount of rent exceeding Rs.1,000,000
Mr. Muhammad Reham if your company year ending June Rule 2 applicable if Dec is ending year your applicable rule 3.
and tax calulation if Rule 2 applicable
100,000 * 6 = 600,000 - 400,000 (coz exceeding from 400,000)
= (200,000 * 7.5%)plus 20,500
= 15,000 + 20,500
= 35,500/6 = 5,916 per month from Jan to june
and tax calculation if rule 3 applicable
100,000 * 12 = 1,200,000 - 1,000,000 (coz exceeding from 1,000,000)
= (200,000 * 10%) plus 65,000
= 20,000 + 65,000
= 85,000/12 = 7,083 per month from Jan to Dec
Mr Muhammad Rehman please if your financial year ending is June you will apply rule no 2 tax calculation and in second year you will tax rule no 3 if shedule not change.
I hope i have tried to better satisfy you.
Thanks
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
<b>Mr. Muhammad Reham if your company year ending June Rule 2 applicable if Dec is ending year your applicable rule 3</b>
Ap ki is bat sat itefak nahi karta may,,,,, Rule 3 may aap jan to dec tak ki income calculate kar rahay hayn, jo k sarasar ghalat hay,,,
Tax calculate karty howay financial year nahi balky Tax year ko daykha jata hay jo k pakistan may July to June hay,,,,
Rule 3 may aap nay 2 Tax years ko ikhata kar diya hay,, jo k ghalat hay..
Misal k tor par agar Jan 2010 say Dec 2010 financial year hay in ka,,,,,, to Tax year k hisab say Jan to Jun 2010 tak ki rental income Tax year 2010 ki ho gi landlord ki, or July to Dec 2010 tak ki income Tax year 2011 ki ho gi,,,,
is liye aap ka rule 3 sarasar ghalat hay,,
umeed hay meri baat samajh aa gai ho gi,, agar or kuch pochna ho to zaror pochiye ga,,,,,,, may mind nahi karta.
Thanks
<br />Muhammad Rehman i think there is little mistake taken by LAPTOP. Well i am paste here rent tax shedule, where company's rent tax deducting.
(b) The rate of tax to be deducted under section 155, in the case of company, shall
(1) Where the gross amount of rent does not exceed Rs.400,000.
5 per cent of the gross amount of rent.
(2) Where the gross amount of rent exceeds Rs.400,000 but does not exceed Rs.1,000,000.
Rs.20,500 plus 7.5 per cent of the gross amount of rent exceeding Rs.400,000.
(3) Where the gross amount of rent exceeds Rs.1,000,000.
Rs.65,000 plus 10 per cent of the gross amount of rent exceeding Rs.1,000,000
Mr. Muhammad Reham if your company year ending June Rule 2 applicable if Dec is ending year your applicable rule 3.
and tax calulation if Rule 2 applicable
100,000 * 6 = 600,000 - 400,000 (coz exceeding from 400,000)
= (200,000 * 7.5%)plus 20,500
= 15,000 + 20,500
= 35,500/6 = 5,916 per month from Jan to june
and tax calculation if rule 3 applicable
100,000 * 12 = 1,200,000 - 1,000,000 (coz exceeding from 1,000,000)
= (200,000 * 10%) plus 65,000
= 20,000 + 65,000
= 85,000/12 = 7,083 per month from Jan to Dec
Mr Muhammad Rehman please if your financial year ending is June you will apply rule no 2 tax calculation and in second year you will tax rule no 3 if shedule not change.
I hope i have tried to better satisfy you.
Thanks
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
<b>Mr. Muhammad Reham if your company year ending June Rule 2 applicable if Dec is ending year your applicable rule 3</b>
Ap ki is bat sat itefak nahi karta may,,,,, Rule 3 may aap jan to dec tak ki income calculate kar rahay hayn, jo k sarasar ghalat hay,,,
Tax calculate karty howay financial year nahi balky Tax year ko daykha jata hay jo k pakistan may July to June hay,,,,
Rule 3 may aap nay 2 Tax years ko ikhata kar diya hay,, jo k ghalat hay..
Misal k tor par agar Jan 2010 say Dec 2010 financial year hay in ka,,,,,, to Tax year k hisab say Jan to Jun 2010 tak ki rental income Tax year 2010 ki ho gi landlord ki, or July to Dec 2010 tak ki income Tax year 2011 ki ho gi,,,,
is liye aap ka rule 3 sarasar ghalat hay,,
umeed hay meri baat samajh aa gai ho gi,, agar or kuch pochna ho to zaror pochiye ga,,,,,,, may mind nahi karta.
Thanks