How to Pay less Tax
#sarmaayaexplain #taxsavings
If you're wondering about "How to pay less tax?", Laeeq Ahmed - CEO of Sarmaaya Financials offers a handy guide on how to reduce your tax burden by becoming an active tax payer. In this episode of Sarmaaya Explain series, you can learn about direct and indirect taxes, how to become a filer and avoid penalties. Moreover, potentially secure your future with tax-advantaged retirement savings options.
Visit IRIS, the official tax portal of the Federal Board of Revenue (FBR): iris.fbr.gov.pk/login
Check your tax status on IRIS: e.fbr.gov.pk/esbn/Verification#
Timestamp
00:00 Introduction
00:50 Direct and indirect tax in Pakistan
2:10 Benefits of an active tax payer with the Federal Board of Revenue (FBR)
7:38 How to check if you're an active tax payer with FBR
8:31 Become a filer with FBR and learn how to pay less tax
9:49 Adjustable and non-adjustable taxes
11:35 Penalties for non-filers in Pakistan
12:54 Do we pay enough taxes?
15:42 Tax slab for salaried individuals in Pakistan
18:01 Benefits of Pension Fund investment
20:00 How to save up on tax as a freelancer in Pakistan
23:41 Big savings for filers await
26:30 Outro
Пікірлер: 141
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جزاك الله خير
Zabrsast series
Bauht achi information
Very informative. Thanks.
Great series Laeeq bhai. Thank you
Outclass Sir! God Bless You
Zaberdas web series ❤❤
good information
Mashallah Much needed education
Amazing Knowledge. Very informative 👍
Very informative keep it up
Excellent & much needed video.
very informative
My humble submission is that in order pay less taxes you can also use these tips to pay less taxes in PSX. 1. If a company announces bonus share , sell before ex bonus date if you avail bonus you will be tax 10%. Buy after ex bonus date to pay less tax. 2- in the on 20th june Sell your shares which are on loss and immediately buy them again so you will pay less tax on capital gains, this loss will be adjusted in your gains, 3- instead of taking dividends which are taxed at 15%, Book profit and pay capital gain at 12.5 %, and buy them again after x dividends date
@littlegamer6652
3 ай бұрын
very nice ideas, can please also explain method of collecting tax on bonus shares I mean how companies collect tax on bonus shares?
Informative 😊
Amazing video
Much needed content 👍
Great valuable effort
Thanks for this, much appreciated
Very good video
Mashallah, another very beneficial video. Keep up the good work!
Great wok Laeeq bhai
Thats great
Great work ❤
Thank you Sir us very helpful to reduce TAX
Thank you Sarmaya Team for educating us............ excellent video
Absolutely, good financial knowledge. I will be filer soon.
Great Man!!!
Thanks
Already filer sir as u maintion in money mindset. Great work 👍 for u sir
You are my saviour
Sir, mein apki different videos me apse request karchuka hu ke weekly kisi ek stock ki fair value par discuss karliya Karen
Appreciate ur effort. Keep it up. The real problem with tax filling is when a gov officer want to take ur hard earned money from ur pocket he can blackmail u in any way. The only thing one can do is not show income source. I believe for a little saving of money,Fbr's headache alot.
Sir nice ❤❤❤
Very intelligent person
Pls make a video on ETF investing strategy for long and short term
sir me aap k pass aa ke kaam krna chahta hn kuch time se dekh raha hn k aap mere intrest pr video bna rahe hn or me b ye krna chahta hn. kuchh hi time islamabad aa raha hn in sha Allah hum zarur milayngay. ❤❤
Sir please ask video overseas K liyay b banay K wo kasy failer ban kar stok ma investment kar sakty ha
Champion here
Sir plz ek video cotton weat soyabean un ki oper bhi binaye Un ki price kese trade hote Hy our former Kese fiad ley Sakta Hy Iss related Pakistan men kese ko pta nahi Hy.
😊😊😊
Sir, im champion, i will do it
kindly summarise, how to get tax rebates for filer ,government employees
👑
mutual fund mai investment karne se income ta kaam hota hai?
Thank you for an informative video. What are the pros and cons of non fillers for expatriates?
Hi Laeeq Sb...Many thanks for informative video. Really appreciated. What are the approved pension funds (recognised by Govt) where we can park our savings?
Champion 😂😂😂.....but i will do after watching this video
Please make a video for overseas pakistanis, how they can invest in pakistan
I have become a filer and filed my return of previous year.
Champion😢
@iamlaeeqahmad
3 ай бұрын
Time to get register and save your money.
❤🎉🎉thanks can I ask any question ?
Great video Laeeq bhai, do we have to contribute monthly to the Pension Fund according to our monthly salary or will a one time payment be enough?
@iamlaeeqahmad
3 ай бұрын
can be any. you just need to invest max allowed in the country, either in one payment or monthly. you can still claim whole rebate if you invest today as well.
Aoa sir how can grocery expenditure tax adjustable 😊
Suzuki cultus 998 CC life time token is adjsutable/claimable ?
mutual fund ma 15% your info here is wrong , ma filer hon or 15% hi kat raha ha. I have a question do I have to file the mutal fund daily dividend or capital gain even if I do not withdraw it?
Boss
Agar may job nahi kerta or meray nic pe koi property car motor cycle registered hi nahi tu may keasay filer banunga ?
Aoa 👍
Why is Trikl Islamic Daily Dividened Mutual fund is charging 15% tax for filer if the tax rate is 10%?
@farooqbilal7503
3 ай бұрын
CGT for filer is 15%
السلام علیکم۔ آپ [ تاجر دوست اسکیم ] کے لیئے اس طرح کی ایک آسان وڈیو بنائیں۔ شکریہ جزاک اللہ خیر
@iamlaeeqahmad
3 ай бұрын
kuch kaam FBR ko bhi kerney dein :D
Sir forex trader foreign brokers like XM etc k sath trade krte hai. Yeh kese paisa white kr skte.. ? Is pr video bnye
@iamlaeeqahmad
3 ай бұрын
yes just withdraw kerein to us per white paint ker k white ker saktey hain.
how companies collect tax on bonus shares?
Pension Fund Kon se or Kahan se Len?
We can adjust or text to our finance department, but it’s for salary class. What about freelancers and business persons?
@amynfarooqui
4 ай бұрын
Yes, how business can take advantage in taxes. I’m sure you are working on that already. 😊
@iamlaeeqahmad
3 ай бұрын
if you are in IT business, registering yourself with PSEB will help you in submitting zero income tax for first 3 years.
@amynfarooqui
3 ай бұрын
For local or international business both?
Champion here 😢😢
@iamlaeeqahmad
3 ай бұрын
Not too late.
@azeembhatti7100
3 ай бұрын
@@iamlaeeqahmad Laeeq Bhai, aj he ma na iris pa account registar kaya h.
Overseas Pakistan ko Kia benefits ho sakty filer banny se
@iamlaeeqahmad
3 ай бұрын
Property sale / purchast. Plus beign filer help you save in direct taxes if you are in country.
Kia kisi ny pension fund mai invest kiya h? Kaisy invest krty h?
@digitalmoiz1
4 ай бұрын
Almeezan or alhamrah Kay through
Kindly koi salaried+stock exchange file return video share kr dey!
@iamlaeeqahmad
3 ай бұрын
Search KZread. Idea is to give direction. This is not tax channel
You mentioned that on credit card we are charged with 5%-6% on online/int transactions. And that can be different for filers. But the bank UBL says it has no effect. If anyone has any knowledge on this .pls share
@iamlaeeqahmad
3 ай бұрын
Do you get final statement by UBL ? Better check in statement. At times support people from bank even don’t know about deductions
Bank profit main wht ju katta hy 15% filer ka wo adjustable ni hy? 😮 you mentioned bank profits in Fixed tax but from my research wht on bank profit is adjustable. kindly correct me if I’m wrong.
@iamlaeeqahmad
3 ай бұрын
There are some withholdign tax on foregin transaction held by banks, you can claim and adjust in your salary.
I am a salaried person. 36 Years Old. Kindly guide me how to invest in pension funds? Investing in pension funds is shariah complaint?
A company which is doing investment fraud in Pindi is al Hayat group They are making money double in a year They have accumulated billions of rupees from people It is the responsibility of the sarmaya team to inform or guide poor people Although it has nothing to do with the sarmaya team, we are still Pakistani we are Muslims So if someone drowning in water it is our responsibility to blow a whistle at least to give them warning Pls think about it Mr laiq Mr Ammad Mr Faraz
@iamlaeeqahmad
3 ай бұрын
Report to Secp
Is it possible for an 18 year old to become filer without any preferred source of income
Hi, is the adjustable tax of 5% on AIR travel valid? I checked from the travel agency i booked ticket with and they said advance tax has been discontinued.
@iamlaeeqahmad
3 ай бұрын
Domestic or international? I took data from FBR . Better consult tax advisor
@mansoorkhan8169
3 ай бұрын
@@iamlaeeqahmad international trip. Will double check with Lawyer as well. Thanks
کیا سمندر پار پاکستانی بھی فائلر بننے چاہئے؟ اگر ہاں تو براہ کرم مکمل طریقہ کار کے بارے اپنی کسی ویڈیو میں بتائے لئیق بھائی آپ سمندر پار پاکستانیوں کے لئے ایسی معلوماتی ویڈیو بنائیں تاکہ وہ اپنی محنت کی کمائی کو ادھر ادھر اڑانے کے بجائے بچت کریں خصوصا سٹاک مارکیٹ اور فنڈز کی انویسٹمنٹ کے بارے میں
I have shares of three different Banks and receive dividend payments regularly They are MCB, SBL and HBL.My status is non filler but MCB,SBLare deducting 15%tax and HBL 30%.Please explain. I am Belgian/ Pakistan National. Your reply will be highly appreciated. Thanks
@iamlaeeqahmad
3 ай бұрын
It’s not possible. Check CDC dividend report.
@iamlaeeqahmad
3 ай бұрын
Better consult some tax advisor to get registered. Don’t think you need to pay any taxes here but by not registering you will be paying more indirect taxes
Can a freelancer benefit from pension fund? as he already is not paying any tax 0.25% is almost none. If yes, please advise how?
@iamlaeeqahmad
3 ай бұрын
bahi pehley tax to katey. 0.25% is not that much tax.
😁
Pension Fund mai e.g 144000 har saal deposit karna hai To phr 600 tax credit mily ga? K account mai bs 144000 total maintain karny par har saal 600 tax credit mily ga?
@iamlaeeqahmad
3 ай бұрын
If your tax slab is in same bracket then yes. You can claim each year
what about students who are investing by saving their pocket money. How can they save money through tax?
@iamlaeeqahmad
3 ай бұрын
by just registering themselves as tax payer with no income. You can save in direct taxes.
Sir mine monthly salary is 95400. But my company is deducting approx 5000 rupees monthly in term on income tex. I am also filer. What could b the reason.
@iamlaeeqahmad
3 ай бұрын
Check with your finance team.
i am young guy how can i become filer ? anyone guide me plz
FBR is looking for you in White vigo
@mrpasha5893
4 ай бұрын
Hahahahah they want to have 1 to 1 with Laeek sb
Another master stroke video
Bohat se log filer ban,nay se khaufzada hein, shayed apki video ke bad woh apna zehan banasake.
We are tenants, and utility Bills are not at my Name ... How can we reimburse tax paid on that ?
@iamlaeeqahmad
3 ай бұрын
need to transfer in your name to claim.
@450Learnings
3 ай бұрын
Many thanks, Laeeq Bhai
when a freelancer withdraws indirectly 3k$ each month its not 3 rupees that you mentioned... its around 10 thousand per month....
@iamlaeeqahmad
3 ай бұрын
Yes it’s peanuts. A salaried person is paying 260k in tax.
@iamlaeeqahmad
3 ай бұрын
Freelancer is earning white money and just for 10k converting it into black money.
How a freelancer can calim those phone bills and electricity bills taxes, he aint have any finance department.
Sir voice is not in sync with video.
@iamlaeeqahmad
3 ай бұрын
Which video are you watching ?
Non filer
I’m a champion 😂
@iamlaeeqahmad
3 ай бұрын
Time to register and save money
I am a tax filer ALHAMDULILLAH since 8 years now. This was a much needed video to educate people in Pakistan. Please make a video on how Pakistan based software houses employes can save taxes by signing up a contract with their US based LLC companies as a contractor.
@adilhanif0794
22 күн бұрын
@@UmairAhmed771 how?
@Laeeq Bhai, Allah Pak na apko jannat enhi kamo'n ki waja se de deni hai :D Allah Pak apki zindagi ma barkat de
Is video ko dak kar lagta ha mara abu hi pakistan ko chala raha ha salary sa text da Kar or wasa lag raha ha
@iamlaeeqahmad
3 ай бұрын
lol.
Invasion of tax , is also corruption
@iamlaeeqahmad
3 ай бұрын
Watch full video
سر اک سوال حکومت کا فائدہ تو نان فائلر سے ھے۔ تو پھر حکومت لوگوں کو فائلر کیوں بنا رہی ھے۔۔
@mazharmusafir5490
4 ай бұрын
Same question
Please advise tax on dividends for expat living abroad or that countries Nationals.
@iamlaeeqahmad
3 ай бұрын
if you have not register yourself as tax payer than unfortunately you are paying double taxation on dividend amount. 20% on bonus
This seems to complicated.