01-15-2004, 03:59 PM
AOA
according to my info abt income tax ordinance 2001 amended upto finance act 2003
it will be as follow
basic salary 200000
house rent allowance (200000*45%)= 90000
utilities allowance 10000
and
that tax which the employer pays on behalf on emplyee it is benefit to employee and it should be taxed and final taxed liablity of employee should be determined
abhi aap sirf itna samajh lain ke aap apne emplyee ko 300000 anually
pay karte hain aur 200000 taxable income par gross tax 11500 banta hai then special rebate for salaried persons ke liye 40% tax reduce ho jata hai aur woh annual tax 6900 pay karta hai.
ok take care ALLAH hafiz
There is a will there is a way.
Edited by - sarfaraz on Jan 30 2004 110930 AM
according to my info abt income tax ordinance 2001 amended upto finance act 2003
it will be as follow
basic salary 200000
house rent allowance (200000*45%)= 90000
utilities allowance 10000
and
that tax which the employer pays on behalf on emplyee it is benefit to employee and it should be taxed and final taxed liablity of employee should be determined
abhi aap sirf itna samajh lain ke aap apne emplyee ko 300000 anually
pay karte hain aur 200000 taxable income par gross tax 11500 banta hai then special rebate for salaried persons ke liye 40% tax reduce ho jata hai aur woh annual tax 6900 pay karta hai.
ok take care ALLAH hafiz
There is a will there is a way.
Edited by - sarfaraz on Jan 30 2004 110930 AM
