income tax Computation for me plz

baigji · 01-24-2011, 08:59 PM

hello every one i want to know how muchg Tax i need to pay per month details are
my salary is 38000
company gives me a car but donot give me feul so it is my job to pay the feul which is 9000/month
i use mobile fone and recharge 6000/month
i am living in rent house the rent is 7000/month
i pay ZAKAT of rs.12000 last year.
this is all please compute my TAX liability and what is the rate of TAX FOR IT.
what is my Tax basic liability only on my salary and how much i can reduce from which thing.
my company deduct IT i only recieve net salary. and they submit Tax return what will be the procedure for this.

baigji · 01-27-2011, 12:10 AM

kiya haua koi professional Tax consultants nahi hai kiya ager nahi hai tu yeh forum bund kardo bhai time q waist karrahai ho<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by baigji
 hello every one i want to know how muchg Tax i need to pay per month details are
my salary is 38000
company gives me a car but donot give me feul so it is my job to pay the feul which is 9000/month
i use mobile fone and recharge 6000/month
i am living in rent house the rent is 7000/month
i pay ZAKAT of rs.12000 last year.
this is all please compute my TAX liability and what is the rate of TAX FOR IT.
what is my Tax basic liability only on my salary and how much i can reduce from which thing.
my company deduct IT i only recieve net salary. and they submit Tax return what will be the procedure for this.

<hr height="1" noshade id="quote"></blockquote id="quote">

nomanejaz2009 · 01-27-2011, 08:31 PM

salam Baigjee aap is forum k baare mein kuch na bolein yahan bht bht intelligent aur expert log hain, aur rahi bat aap k sawal ki aap ki Total Salary mein se zakat less ho k rate apply ho ga, aur aap rent 9000 dein ya 90000 dein, fuel 6000 kharch karen ya 60000 in ko salary calculation mein kahin nahi lenge kiun k company ne sirf aap ko ghari deee hai lakin aap ko conveyance allowance nahi diyaa agar diyaa hota to aap ki salary mein lete, did you find my answer helpfull?

LapTop · 01-28-2011, 03:33 AM

Baig bhai,,,
Ap k sawal may kuch figures missing han,, Aagar wo ap bata dayn to calculation ho sakti hay,

1 Company nay jo Car di hay us ki cost ya market value kya hay (at the time of leas)?

2 Mobile company say withholding certificate layn or us ka amount batayen.

3 ap k employer nay ap ka kitna IT withheld kita hay ?

baigji · 01-28-2011, 11:13 PM

thanks you All for reply basically maiany UK tax parha hai aur Pakistani Tax ki complications mairay dimagh mai nahi ati.
khair jis qadar mai janta hun k WHT computation is tarha hoti hai k
e.g i load 9000/monthx12=108000/year
108000x10/100=10800

my car value at the time of lease 725000

and last thiing is that if my employer pay me 10000/month in the face of conveyance allowance then what wll be the procedure.

ager mairi zakat aur WHT ka amount Mairay IT say ziyada hojata hai tu kiya hoga?

LapTop · 01-29-2011, 03:35 AM

Add Annual Salary = 4,56,000/-
Add Conveyance Allowance = 120,000/=
Add 5% of Car Value = 36,250/-
Less Zakat Paid = 12,000/-
Taxable Income for the year 2010 = 6,00,250
Tax Rate = 4.5%
Tax Liability = 27,011/-

Less (Annual Mobile consumption = 72000/-) , IT withhold = 6545/=
Less Tax withheld by Employer = ????????
Tax Payable/Receivable = ---------------

baigji · 01-29-2011, 11:29 PM

but problem yeh hai k car jub mainay leae he nahi karaiee tu us per mai tax q du car tu company nay lease karaiee hai mairay liyey ager mai aj company chor kar chala jata hun tu wo car kisi aur ko miljaigi aur jub mai us car ko own he nahi karta tu mai us per tax q du?
aur dosri cheez yeh k yaar 600250/- per q 4.5 apply kiya hai? wo tu shruu ki 250000/- tak ki income exempt hai aur phir us baad different slab ka defferent rate different ammount per lagai ga naa?
aur yeh TAX withheld say kiya moraad hai?<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by LapTop
 Add Annual Salary = 4,56,000/-
Add Conveyance Allowance = 120,000/=
Add 5% of Car Value = 36,250/-
Less Zakat Paid = 12,000/-
Taxable Income for the year 2010 = 6,00,250
Tax Rate = 4.5%
Tax Liability = 27,011/-

Less (Annual Mobile consumption = 72000/-) , IT withhold = 6545/=
Less Tax withheld by Employer = ????????
Tax Payable/Receivable = ---------------

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LapTop · 01-31-2011, 06:43 PM

Baig Bhai,,, Ap Income Tax Ordinance parhayn, ap k sab sawalon ka jawab hay us may.

baigji · 01-31-2011, 06:53 PM

ok yaar yeh batao k car import duty ka kiya chakkar hai mai ager koi car mangwata hun under gift scheme tu mujhay $1000 ki car per kitna tax daina hoga plz computation ka koi software ho tu share karo yaar.<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by LapTop
 Baig Bhai,,, Ap Income Tax Ordinance parhayn, ap k sab sawalon ka jawab hay us may.
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Sayub · 02-06-2011, 10:12 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by LapTop
 Baig Bhai,,, Ap Income Tax Ordinance parhayn, ap k sab sawalon ka jawab hay us may.
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Great job laptop (wish I know your real name). So the baigji's issues remain can be answered as

Car ki value per tax is liay nhn laga rhay k woh app ki ownership main hai, balkay ap k employer ne ap ko aik benefit dia hai "CAR" ki form main jo k "Perquisites" ki definition main ata hai under Income Tax Ordinance, 2001.

Aur "Perquisites" taxable hotay hain. Ab car ki value per is liay tax lagaya k sub se fair method yehi hai is benefit ki value maloom kernay k liay.

Rs 600,250 per 4.5% is liay laga hai k app ki income 4.5 % k tax slab main hain. Pakistani Tax k hisab se ye tax slabs independent hotay hain exempt income minus nhn hoti.

Aur Tax withheld ka matlub ap ka jitna bhi tax during the year kat (withold) hogaya hai wo for example Mobile Phone (10%), Salary (As per salary calculated by the employer) etc.

Hope this answered you query.

adnysam · 02-08-2011, 06:13 PM

<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by baigji
 hello every one i want to know how muchg Tax i need to pay per month details are
my salary is 38000
company gives me a car but donot give me feul so it is my job to pay the feul which is 9000/month
i use mobile fone and recharge 6000/month
i am living in rent house the rent is 7000/month
i pay ZAKAT of rs.12000 last year.
this is all please compute my TAX liability and what is the rate of TAX FOR IT.
what is my Tax basic liability only on my salary and how much i can reduce from which thing.
my company deduct IT i only recieve net salary. and they submit Tax return what will be the procedure for this.

<hr height="1" noshade id="quote"></blockquote id="quote">