02-18-2011, 08:36 PM
Dear Anfal,
In my first post, i said that Laptop is correct and in my next post i clarified in which case he is correct and where incorrect, i.e. i assumed that Laptop is of the view that final payment will be paid by employee him self, so i agreed to his post.
As far as my statement regarding Arsalan's calculation to be incorrect in concerned, i still stand on the same view, since rate of subsequent slab has been used in earlier slab where it should not have been used, and the same is technically/conceptually incorrect.
The professional approach is to treat the employer's share of employee's tax as perquisite, and then change the rate if such necessity is arisen.
However, this is solely based on personal choice, and similarly i do have certain reservations to treat step wise approach to be correct, notwithstanding the fact that answer will be same in both cases.
Best Regards,
Faisal.
In my first post, i said that Laptop is correct and in my next post i clarified in which case he is correct and where incorrect, i.e. i assumed that Laptop is of the view that final payment will be paid by employee him self, so i agreed to his post.
As far as my statement regarding Arsalan's calculation to be incorrect in concerned, i still stand on the same view, since rate of subsequent slab has been used in earlier slab where it should not have been used, and the same is technically/conceptually incorrect.
The professional approach is to treat the employer's share of employee's tax as perquisite, and then change the rate if such necessity is arisen.
However, this is solely based on personal choice, and similarly i do have certain reservations to treat step wise approach to be correct, notwithstanding the fact that answer will be same in both cases.
Best Regards,
Faisal.
