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Accountancy Forum The Profession Tax v
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Concept of Marginal relief for salary taxpayers

 
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Concept of Marginal relief for salary taxpayers
talha.moin
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#6
06-10-2010, 04:27 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by [email protected]</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by talha.moin</i>
<br />medical exempt? 10% of basic salary? can we deduct that even if the employee hasnt availed it??
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Dear Frnd !

Thnx for supporting with ur kind comments for understanding the concept of marginal relief. but as i know that medical allowance shall be available for computation of taxable income and medical reimbursement shall be exempt from tax.

Thnx

Muhammad Umar - PIPFA (f)




<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">


Dear Umar,

thanks for explaining. but i am new to all this; thats why couldnt grasp the whole thing.

did you mean that if e.g. Mr A's basic salary (and total income for the ease of calculation) is 10000 per annum then, as far as i know, he is eligible for 10% of exemption on medical allowance i.e. upto 1000. if he gets Rs. 1200 reimbursed from employer on account of medical allowance then his taxable income will be Rs 11200? Did I get right???
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Messages In This Thread
Concept of Marginal relief for salary taxpayers - by [email protected] - 06-08-2010, 07:37 PM
[No subject] - by zaibkapoor - 06-08-2010, 08:33 PM
[No subject] - by AbdulSamad - 06-09-2010, 04:38 PM
[No subject] - by talha.moin - 06-09-2010, 07:05 PM
[No subject] - by [email protected] - 06-10-2010, 03:07 PM
[No subject] - by talha.moin - 06-10-2010, 04:27 PM
[No subject] - by AbdulSamad - 06-10-2010, 06:30 PM
[No subject] - by [email protected] - 06-10-2010, 07:51 PM
[No subject] - by [email protected] - 06-10-2010, 07:56 PM
[No subject] - by AbdulSamad - 06-10-2010, 08:20 PM
[No subject] - by [email protected] - 06-10-2010, 08:38 PM
[No subject] - by AbdulSamad - 06-10-2010, 08:45 PM
[No subject] - by Mohammad Nadeem - 06-17-2010, 04:05 PM

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