02-17-2011, 01:47 AM
App ney ek impt baat miss kerdi..
daikey abb
Salary Paid by Employer to employee Rs. 2,800,000
Salary Paid by Employer to FBR in form of Tax Rs. 568,400 (as per your calculation)
total taxable income (2,800,000 + 568,400) Rs. 3,368,400
is taxable income per ab rate lagega 17.5% = Rs. 589,470 (wapis change hogiya tax) actully we paid tax 568,000
ab main calculation kerta hoon based on my knowledge
Taxable income before Tax on tax = Rs. 2,800,000
Tax as per 17.5% (not 16% coz humey pata hai slab change hojaiga toh hum 17.5% laingey rather den 16%)
Tax banega Rs. 490,000 (2,800,000 x 0.175)
Ab hum tax on tax ki calculation keregney (490,000 / 0.825) Rs. 593,939
Toh ab Taxable income inclusive Tax on Tax (2,800,000 + 593,939) Rs. 3,393,939
Ab is taxable income pey tax rate lagae (3,393,939 x 0.175) Rs. 593,939 (yeh wohi amount hai jo humney tax authority ko pay kiya hai)
Hum ney (490,000 / 0.825) yeah formula laga k gross up kerdiya.. or yehe ITO kheta hai.
Yeah actually ager itna simple hota toh main kabhi is forum mian yeah topic nae rekhtha.. ek or baat app petiwala ki Tax Year 2011 ki book karedey us main ek chapter hai Tax on Tax woh perhey toh clarify or hojaiga.
Mujhe bus yeah confirm kerna hai How to incorporate Marginal Relief on it.
ager koi or tax ki behter knowledge rekhta hai please comment
daikey abb
Salary Paid by Employer to employee Rs. 2,800,000
Salary Paid by Employer to FBR in form of Tax Rs. 568,400 (as per your calculation)
total taxable income (2,800,000 + 568,400) Rs. 3,368,400
is taxable income per ab rate lagega 17.5% = Rs. 589,470 (wapis change hogiya tax) actully we paid tax 568,000
ab main calculation kerta hoon based on my knowledge
Taxable income before Tax on tax = Rs. 2,800,000
Tax as per 17.5% (not 16% coz humey pata hai slab change hojaiga toh hum 17.5% laingey rather den 16%)
Tax banega Rs. 490,000 (2,800,000 x 0.175)
Ab hum tax on tax ki calculation keregney (490,000 / 0.825) Rs. 593,939
Toh ab Taxable income inclusive Tax on Tax (2,800,000 + 593,939) Rs. 3,393,939
Ab is taxable income pey tax rate lagae (3,393,939 x 0.175) Rs. 593,939 (yeh wohi amount hai jo humney tax authority ko pay kiya hai)
Hum ney (490,000 / 0.825) yeah formula laga k gross up kerdiya.. or yehe ITO kheta hai.
Yeah actually ager itna simple hota toh main kabhi is forum mian yeah topic nae rekhtha.. ek or baat app petiwala ki Tax Year 2011 ki book karedey us main ek chapter hai Tax on Tax woh perhey toh clarify or hojaiga.
Mujhe bus yeah confirm kerna hai How to incorporate Marginal Relief on it.
ager koi or tax ki behter knowledge rekhta hai please comment
