10-22-2011, 07:03 PM
thanks olympia brother, yet there is another issue of surcharge that formula sheet calculates at 3.5 months average of year. Now in many cases salaries vary through out year in this case surcharge deducted by company on actual period IE march 15 to June 30 2011 is different from what is given by the formula. and tax payable is generated. Now on the fbr website they have given a guidance about how the surcharge will be deducted on salaried persons. and it says employer will deduct surcharge on actual salary for the period march 15-june30 2011. Kindly share your experience.
SL
SL