09-07-2011, 05:04 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by student_of_law</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by sher.azam</i>
<br />as pr my understanding if a company is not registered and its turn over is less than 50 million they have no need to deduct any tax from employees salary.
so Please make it clear for me.
Thanks in Advance.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Firstly, you should tells yourself on what basis you have such understanding. Basis means relevant section, Rules, SRO.
See 149 deals with deduction of tax by employer in respect of salaries. According to it every employer, including individual , has to withhold tax from the salary of its employees. So is the case with your employer. If your employer does not deduct tax he will become personally liable for that{s.161(1)}, will not be allowed deduction in respect of salaries paid (s.21(c)), default surcharge will be imposed on him (s.205(3) and penalty may also be imposed upon him {s.182(1)(15)}.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Ok thank you so much for your reply.
i have one more question.
can you please let me know which allowances are exempted from tax in our salary.
Please tell me this in detail so that it help us to calculate tax and minimize tax from our salaries.
Thanks in advance
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by sher.azam</i>
<br />as pr my understanding if a company is not registered and its turn over is less than 50 million they have no need to deduct any tax from employees salary.
so Please make it clear for me.
Thanks in Advance.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Firstly, you should tells yourself on what basis you have such understanding. Basis means relevant section, Rules, SRO.
See 149 deals with deduction of tax by employer in respect of salaries. According to it every employer, including individual , has to withhold tax from the salary of its employees. So is the case with your employer. If your employer does not deduct tax he will become personally liable for that{s.161(1)}, will not be allowed deduction in respect of salaries paid (s.21(c)), default surcharge will be imposed on him (s.205(3) and penalty may also be imposed upon him {s.182(1)(15)}.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Ok thank you so much for your reply.
i have one more question.
can you please let me know which allowances are exempted from tax in our salary.
Please tell me this in detail so that it help us to calculate tax and minimize tax from our salaries.
Thanks in advance
