09-14-2006, 11:14 PM
Asalam O Alacom,
Actually i am new to thsi forum and i am here because i thought that my company is detecting more tax then it should be, let me tell you my total salary, it is 40,000 and the tax they will deduct is 1,378. While as if i follow your below message then it should be like this
By putting 10% medical it becomes
Net Salary Rs. 40,000/-
Medical (10%) Rs. 4,000/-
Basic \ Taxable Salary Rs. 36,000/-
Yearly Taxable income Rs. 432,000/-
The rate implies (Where the taxable income exceeds Rs.400,000 but does not exceed Rs.500,000 = 3.50%)
Yearly Tax @ 3.50% Rs. 15,120/-
Per Month deduction 15,120 / 12 = Rs. 1,260/-
But they respond me saying According to the new rule all allowances and medical have been finished. even though i have told them what you have written below. Now to help me can you please provide me the official document saying so.
Thanks in advance,
Naveed Saeed
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by pri_farhan@hotmail.com</i>
<br />Dear Friend!
July, 2006 to onwards whole gross salary except 10% medical is taxable.
Farhan
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Actually i am new to thsi forum and i am here because i thought that my company is detecting more tax then it should be, let me tell you my total salary, it is 40,000 and the tax they will deduct is 1,378. While as if i follow your below message then it should be like this
By putting 10% medical it becomes
Net Salary Rs. 40,000/-
Medical (10%) Rs. 4,000/-
Basic \ Taxable Salary Rs. 36,000/-
Yearly Taxable income Rs. 432,000/-
The rate implies (Where the taxable income exceeds Rs.400,000 but does not exceed Rs.500,000 = 3.50%)
Yearly Tax @ 3.50% Rs. 15,120/-
Per Month deduction 15,120 / 12 = Rs. 1,260/-
But they respond me saying According to the new rule all allowances and medical have been finished. even though i have told them what you have written below. Now to help me can you please provide me the official document saying so.
Thanks in advance,
Naveed Saeed
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by pri_farhan@hotmail.com</i>
<br />Dear Friend!
July, 2006 to onwards whole gross salary except 10% medical is taxable.
Farhan
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">