09-12-2011, 06:08 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 mensan</i>
<br />Thank you for replies. What about the following question
What if teacher/researcher has additional income in the form of award/hounorarium given to him by his department/govt based on his performance in job (like Higher Education Commission gives cash awards to best teachers)? How much tax will be applicable on that income (100% or 25%)?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
I could not find anything specific on it. In my opinion, it should be treated as income from other sources if award , honorarium is given by HEC.
If by employer then it should be part of salary,as s.12 defines salary as any amount received by an employee from any employment.
<br />Thank you for replies. What about the following question
What if teacher/researcher has additional income in the form of award/hounorarium given to him by his department/govt based on his performance in job (like Higher Education Commission gives cash awards to best teachers)? How much tax will be applicable on that income (100% or 25%)?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
I could not find anything specific on it. In my opinion, it should be treated as income from other sources if award , honorarium is given by HEC.
If by employer then it should be part of salary,as s.12 defines salary as any amount received by an employee from any employment.
