Non-Salaried and Corporate Executive

[faisal_desperado]

Dear Abbas,
As i said ,Tax on Bonus income should be levied on taxable income for the tax year 2010 and this matter needs clarification, now this has been clarified by FBR.
Exhibit page number 2-3 on the following

http//www.fbr.gov.pk/newdt/circulars/2009/2009Circular03.pdf

The method of calculation is also different from Suggested method of your Auditor.

Best Regards,

[waqasriaz]

As on Friday 16-07-2010, the Honorable Sindh High Court announced the decision that imposition of 30% IDP tax on bonus of corporate employees is illegal & viod ab inition.