08-17-2009, 05:00 PM
Contractual empleyees can be benefited from the medical allowance tor reduce tax liability like permanent employess. you can segregate the salaries of contractual employees in basic salary and medical allowance.
In some companies it is general practice that executives who fall in high slab rates like 10% and above then these employees are considered as consultants and 6% tax is deducted as per section 153(1)(b) of income tax ordinance to provide benefit to these high executives. But at the end these employees are required to file return like a businessman or a professional.
Regards,
Awais Aftsb
In some companies it is general practice that executives who fall in high slab rates like 10% and above then these employees are considered as consultants and 6% tax is deducted as per section 153(1)(b) of income tax ordinance to provide benefit to these high executives. But at the end these employees are required to file return like a businessman or a professional.
Regards,
Awais Aftsb
