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Taxable Salary

 
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Taxable Salary
beyond.spirits
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#1
07-08-2011, 04:20 PM
AoA , if a person's salary is Rs. 20000 which is not taxable. And during the year he receives a bonus of for example Rs. 15000 and lets suppose this bonus is given to him during the month of May-2011 and it makes his total salary for the month of May Rs. 35000. According to my information his salary has become taxable now. He will receive a salary of Rs. 20000 for rest of the year.
The confusion is if we add up salaries of all of 12 months it becomes Rs.255000 which is not taxable according to the slabs provided by the FBR. Should I deduct tax on the salary of single month of that person i-e 35000?. If we look at the salary of this single month his salary is taxable but if we look at the salary of whole year his salary is not taxable. I am confused. Kindly help me out.

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Messages In This Thread
Taxable Salary - by beyond.spirits - 07-08-2011, 04:20 PM
[No subject] - by student_of_law - 07-08-2011, 04:57 PM
[No subject] - by beyond.spirits - 07-08-2011, 05:58 PM
[No subject] - by student_of_law - 07-08-2011, 07:10 PM
[No subject] - by beyond.spirits - 07-08-2011, 08:22 PM
[No subject] - by student_of_law - 07-09-2011, 04:34 PM
[No subject] - by beyond.spirits - 07-09-2011, 08:58 PM

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