03-25-2010, 09:44 PM
Profit from bank and Commission from STATE LIFE INSURANCE is chargeable as final taxation so no adjustment or no additional tax..
Rental income exempt up to 150000 so no tax is payable.
Salary income of Rs. 800000/= is taxable @ 7.5%.
Not sure about INCOME FROM BUSINESS
If it is taxable then would be added in Salary income and then
Rs. 1300000/= will be taxable @ 10% or as Per marginal relief method which ever is lower...
Rental income exempt up to 150000 so no tax is payable.
Salary income of Rs. 800000/= is taxable @ 7.5%.
Not sure about INCOME FROM BUSINESS
If it is taxable then would be added in Salary income and then
Rs. 1300000/= will be taxable @ 10% or as Per marginal relief method which ever is lower...