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With-held on Salaries if NT is not there(Few Ques)
09-27-2010, 01:12 AM
Post: #1
With-held on Salaries if NT is not there(Few Ques)
Actually I've applied for an NTN but awaiting the # from CBR for our limited company. I have few questions....

Friends, This is first time im doing this thing so need your recommendations and guidance....

I've deduct WHT on salaries as per below link provided by Laptop....http://http//www.accountancy.com.pk/foru...C_ID=10681
e.g if gross salary is 55,000 p.m. and according to this tax is 3,300.

1. First of all pls tell me the calculation is correct?

2. Do we need to deposit the challan of with-held tax on salaries with cheque favoring State Bank of Pakistan, if NTN # is awaited. if yes, then how?

3. As Quarter is ended then how to file quarterly tax details if there is no NTN #. coz we started operations in mid of last month...

Looking for your kind and timely reply...
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09-27-2010, 10:20 PM
Post: #2
 
1- ap ki calculation theek hay, par agar aap ki marginal relief layty han to app ko tax kam ada karna pary ga,
missal k tor par aap ki monthly income 55000 hay to annual salary 660000 banti hay 6% k hisab say aap 39600 annual tax nikal rahay han,,,
par agar aap marginal relief apply karty han to aap ki tax liability 32250 ho jaye gi or monthly tax 3300 ki jaga 2688 bany ga.

2- Ji withholding k liye zarori nahi hay k NTN ho, aap CNIC ya us k mobile number par bhi tax deposit karwa sakty han.

3- Statement may bhi NTN k baghar hi aap us ki withholdings mention kar sakty han.
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09-28-2010, 04:24 AM
Post: #3
 
brother thank you so much....

couple of more queries....

1....yar employment start hoee september say means upto july-2011 10 months bantay hein jab k mein na 12 month k hisab say calculation ke...ager mein 10 months say kerta hun tu tax amount zayda banti hay....kia mein us ko nxt month ke salary mein adjust ker dun?

2....ager invidual k bajaye WHT agent company hei or us ka NTN # abhe tak nahe mila tu kia keya jaye? Chalan or tax ka cheque State bank yan NBP mein jmaa kerwa doon? or iss mein NTN ke jagah kia lun yan phr wait ker lun NTN k anay ka???

3...ager NTN agaaya tu kia mere leye zarori ho ga purchases mein say 3.5% With-held kerna? or ju purchases mein na NTN sa pehlay kee hein wo kiaa hon gee?
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09-29-2010, 01:16 AM
Post: #4
 
doston reply plssss
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09-29-2010, 07:56 PM
Post: #5
 
Ji nahi agar 1 tax year may 6 months ki salary di jaye gi to 6 month hi ki salary par tax ho ga, ay 12 month ki salary assume kar k tax rate nahi nikalyn gay.

Ye case to pahli bat suna hay k NTN bana nahi or Withholding agent pahly hi ban gay aap,,,, hahahaha, bahar hal agar ap nay withholdings kar li han to aap usy jama karwa dayn, manual challan par NTN number ki jaga “Applied for” likh kar.

Agar aap company han to aap withholding agent han U/S153 ,, ap par lizmi hay k aap tax withheld karyn nahi to wo expense aap ka inadmissible ho jaye ga.
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09-29-2010, 09:07 PM
Post: #6
 
Yar NTN mila nahe k matlab thaa user id and password nahe mila thaa...Now i've got it....anyways thanks for the information...

Acha sumbody told me the procedure of e-filling. Need confirmation tht whether it's ture as far as salaries of employees of pvt ltd co are concerned....

Go to E-payment and then Direct Tax
Then to direct Tax under Create Payment Slip
Check the Salary month and attach file...
A number and slip will be generated....Attach the cheque with copy of slip and submit it to bank (SBP/NBP).

Friends pls confirm as soon as possible....
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09-30-2010, 08:35 PM
Post: #7
 
doston help
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