Non-Salaried and Corporate Executive

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Non-Salaried and Corporate Executive

abbas_chinikham
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#6

06-23-2009, 08:56 PM

As per my Auditor, any person whose salary exceeds 500,000 is a corporate executives.

And actual Tax calculation is

' Dear Mr. Abbas,

Amounts are calculated in budget comments as follows;

Taxable income excluding bonus 1,000,000 x Tax rate applicable on 1,000,000 slab @ 9% = 90,000 tax liability
IDP tax = Tax liability 90,000 x 5% = 4,500

Tax on bonus

IDP Tax on bonus @ 30%

Tax rate on total income including bonus 11%

Differential = 30% - 11% = 19%

Tax on bonus = 250,000 bonus x 19% = 47,500

Regards,

Abbas Shabbir

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Non-Salaried and Corporate Executive - by abbas_chinikham - 06-22-2009, 04:54 PM

[No subject] - by faisal_desperado - 06-22-2009, 08:34 PM

[No subject] - by abbas_chinikham - 06-23-2009, 01:47 PM

[No subject] - by awaisaftab - 06-23-2009, 03:06 PM

[No subject] - by faisal_desperado - 06-23-2009, 06:23 PM

[No subject] - by abbas_chinikham - 06-23-2009, 08:56 PM

[No subject] - by faisal_desperado - 06-27-2009, 11:24 PM

[No subject] - by abbas_chinikham - 06-29-2009, 11:39 PM

[No subject] - by abbas_chinikham - 07-02-2009, 10:03 PM

[No subject] - by faisal_desperado - 07-04-2009, 06:51 AM

[No subject] - by abbas_chinikham - 07-07-2009, 02:52 PM

[No subject] - by abbas_chinikham - 07-08-2009, 02:31 PM

[No subject] - by faisal_desperado - 07-08-2009, 07:15 PM

[No subject] - by Farhan2009 - 07-09-2009, 09:37 PM

[No subject] - by mianramzan - 07-11-2009, 09:43 PM

[No subject] - by faisal_desperado - 07-20-2009, 08:37 PM

[No subject] - by waqasriaz - 07-20-2010, 09:07 PM