Formula of Basic Salary

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Formula of Basic Salary

AbdulSamad
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06-10-2010, 08:56 PM

Thanks Muslim Pakistani

Actually our tax consultant exempt 10% Medical which calculation below-

100,000 gross Salary

Gross Salary - Medical Allowances
100,000 - (100,000/11)
100,000 - 9,090
90,909 x 12 = 1,090,909 is taxable income

is that correct?

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Formula of Basic Salary - by AbdulSamad - 06-10-2010, 06:39 PM

[No subject] - by Imran Sheikh - 06-10-2010, 08:07 PM

[No subject] - by muslimpakistani - 06-10-2010, 08:38 PM

[No subject] - by AbdulSamad - 06-10-2010, 08:56 PM

[No subject] - by hijaze - 06-14-2010, 07:22 PM

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