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Gratuity of tax req or not
05-20-2010, 10:21 PM
Post: #1
Gratuity of tax req or not
Dear Sir

any one has a file of Salary taxable calcultion in xls,. Kindly forwarded to my below mailing address.
imranabdujabbar@yahoo.com

Another query while i calculated the salary tax of individual, would i taken the gratuity amount in tax,in other word the gratuity amount are come in taxable income.
Kindly reponse my query.

Thanks
CHACHA
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05-21-2010, 12:04 AM
Post: #2
 
If at the time of payment of gratuity, total income of the individual including amount of gratuity at the time of final setelment come under the taxable slab, tax will be deducted from such amount by company.
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05-21-2010, 05:18 PM
Post: #3
 
can you provide the slab of schedule of income ?
chacha
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05-21-2010, 08:25 PM
Post: #4
 
Where the taxable income does not exceed Rs.200,000,0%
2. Where the taxable income exceeds Rs.200,000 but does not exceed Rs.250,000, 0.50%
3. Where the taxable income exceeds Rs.250,000 but does not exceed Rs.350,000, 0.75%
4. Where the taxable income exceeds Rs.350,000 but does not exceed Rs.400,000, 1.50%
5. Where the taxable income exceeds Rs.400,000 but does not exceed Rs.450,000, 2.50%
6. Where the taxable income exceeds Rs.450,000 but does not exceed Rs.550,000, 3.50% and so on
check in PART I RATES OF TAX (See Chapter II) Division I of IT ordinace, 2001 on FBR website
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05-23-2010, 05:35 PM
Post: #5
 
ciapk....i know i am posting in irrelevant thread...i wanted to get in touch with you..but you have not mentioned any contact info on ur profile.....i am Finalist too....and want to discuss something with u....you can send me email at my address mentioned in my profile..
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05-30-2010, 10:17 PM
Post: #6
 
bhaijan... gratuity exempt hai Income tax ordinance 2001(2 schedule) kay under...approved gratuities 100% exempt hain aur unaproved rs 75000 ya 50% gratuity whichever is lower.... lakin kabhi board bhi gratuity exempt ker sakta hai upto 200000.....
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