Annual income for working of less than 12 months

0 Vote(s) - 0 Average

Annual income for working of less than 12 months

talha.moin
Offline

Junior Member

Posts: 13
Threads: 3
Joined: Apr 2010
Reputation: 0

#4

07-12-2011, 12:13 AM

Thanks.

So we should sum all of his income throughout the year. Say, he joined on Sep 15. His salary is 30k. For sep 2010, he got 15k and till June he got 50k per month. That makes his total income (25k X 1) + (50k X 9) = 25,000 + 450,000 = 475,000.

Now, the tax rate will be 3.5%
and, total tax payable will be 16,625

Please confirm if it's correct

« Next Oldest | Next Newest »

Users browsing this thread: 1 Guest(s)

Messages In This Thread

Annual income for working of less than 12 months - by talha.moin - 07-11-2011, 06:34 PM

[No subject] - by talha.moin - 07-11-2011, 08:12 PM

[No subject] - by student_of_law - 07-11-2011, 08:23 PM

[No subject] - by talha.moin - 07-12-2011, 12:13 AM

[No subject] - by student_of_law - 07-12-2011, 04:05 PM

[No subject] - by talha.moin - 07-23-2011, 02:56 AM

[No subject] - by student_of_law - 07-23-2011, 03:37 PM

[No subject] - by talha.moin - 07-25-2011, 05:46 PM

[No subject] - by student_of_law - 07-25-2011, 06:24 PM

[No subject] - by Sayub - 08-13-2011, 04:48 AM

[No subject] - by student_of_law - 08-13-2011, 05:35 PM

[No subject] - by Sayub - 08-13-2011, 09:41 PM

[No subject] - by student_of_law - 08-15-2011, 03:32 PM

[No subject] - by Sayub - 08-17-2011, 06:37 AM