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Accountancy Forum The Profession Tax v
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Medical Allowances for salary person are exempted

 
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Medical Allowances for salary person are exempted
LapTop
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#7
10-18-2010, 07:13 PM
ADD Basic Salary (25000*12) 300,000
H.Rent All (5000*12) 60,000
Medical (6000*12) 72,000
Conveyance (300*12) 3600

Total Income = 435,600

Less Exempt income(medical allowance 10% of Basic) = 30,000

annual taxable income = 405,600
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Messages In This Thread
Medical Allowances for salary person are exempted - by smimranhaider - 02-24-2010, 08:13 PM
[No subject] - by akbarkhan2 - 02-24-2010, 08:47 PM
[No subject] - by awaisaftab - 02-25-2010, 03:20 PM
[No subject] - by smimranhaider - 02-25-2010, 03:56 PM
[No subject] - by khurram2004 - 10-16-2010, 02:40 AM
[No subject] - by nomanejaz2009 - 10-18-2010, 07:03 PM
[No subject] - by LapTop - 10-18-2010, 07:13 PM
[No subject] - by nomanejaz2009 - 10-18-2010, 07:43 PM
[No subject] - by LapTop - 10-18-2010, 07:48 PM
[No subject] - by nomanejaz2009 - 10-19-2010, 05:24 PM

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