06-08-2010, 07:37 PM
Asalam o alaikum !
Deal All Frnds, I want to confirm the concept of marginal relief for a salary taxpayer from following example / question, kindly check it.
Mr. A a SALARY TAXPAYER whose annual salary is Rs 1,250,000/- and income tax deducted on the specififed in the first schedule of I.T.O whis is 11%. so his tax liablity is Rs 137,500/-
My question is that let suppose if his salary is Rs 1,470,000/- annualy which is marginally exceeded from the above given slab which is (1,200,000 to 1,450,000 11%) then in this situation HOW CAN WE GIVE ADVISE TO MR. A FOR MARGINAL RELIEF UNDER FINANCE ACT-2008 for this difference amount?????
Kindly write ur kind comments as soon as possible.
em waiting for ur replies.
Thanx
Muhammad Umar - PIPFA (finalist)
Deal All Frnds, I want to confirm the concept of marginal relief for a salary taxpayer from following example / question, kindly check it.
Mr. A a SALARY TAXPAYER whose annual salary is Rs 1,250,000/- and income tax deducted on the specififed in the first schedule of I.T.O whis is 11%. so his tax liablity is Rs 137,500/-
My question is that let suppose if his salary is Rs 1,470,000/- annualy which is marginally exceeded from the above given slab which is (1,200,000 to 1,450,000 11%) then in this situation HOW CAN WE GIVE ADVISE TO MR. A FOR MARGINAL RELIEF UNDER FINANCE ACT-2008 for this difference amount?????
Kindly write ur kind comments as soon as possible.
em waiting for ur replies.
Thanx
Muhammad Umar - PIPFA (finalist)
