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+--- Thread: SALARY TAX (/showthread.php?tid=9581)
SALARY TAX - Muhammad Rehman - 03-03-2011
HOW TAX IS DEDUCTED FROM SALARY ON MONTHLY BASIS OR CALCULATE ON ANNUL Y . IF THERE IS INCREMENT IN THE YEAR.
FOR EXAMPLE A EMPLOYEE SALARY IS 40,000/-
IN MONTH OF FEB THERE IS INCREMENT OF 1,500/-
SO THE TAXABLE SALARY IS 41,500/-
TAX WILL BE CALCULATE LESS 10% MEDICAL ALLOWANCE.
- olympia - 03-04-2011
Here's attached the salary tax calculator. compute ur payable tax easily
http//www.2shared.com/document/kDN8bkrG/Salary_Tax_calculator_2010-201.html