How to save Income tax on Salary Income | Exemption | Logic | Practice | Within Law | FBR |

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WhatsApp link for further details of Practical Taxation Course
wa.me/923007574731?text=Pract...
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Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
Income tax Includes
1. Section-149 Income from Salary
2. Section-155 Income from Property
3. Section-153 Payment of goods, service and contract
4. Section-147 Advance income tax
5. Section-148 Import
6. Section-231AA and 236P Advance tax on certain banking transection
7. Section-231B Advance tax at the time of registration of private motor vehicle
8. Section-235A Tax collection from domestic electric bills
9. Section-236 Tax collection from telephone users
10. Section-236B Advance tax on purchase of domestic air ticket
11. Section-236F Advance tax on cable operator and other electronic media
12. Section-236G Advance tax on sale to distributor, dealer and wholesalers
13. Section-236H Advance tax on sale to retailers
14. Section-236I Advance tax by educational institutions
15. Section-236U Advance tax on insurance premium
16. Section-236X Advance tax on Tobacco
17. Section-236Y Advance tax on remittance abroad through credit, debit or prepaid cards
18. Fine and penalties
19. Section-177 Audit
20. Treatment of provision for bad and doubtful debts
Sale Tax Includes
1. What is sale tax or indirect tax and concept of VAT
2. Difference between Input and Output tax
3. Further tax and extra tax
4. Calculation of Sale tax
5. Advance sale tax
6. Withholding Sale tax
7. Debit and credit notes
8. Admissible credit
9. Annexure A, B, C, F,H, J and I with practical example
10. Supply and purchase register
11. Stock or consumption sheet
12. Concept of Punjab Revenue Authority (PRA) and Sindh Revenue Authority (SRB)
E-Filing
1. Monthly sale tax return
2. Withholding Statement
3. Reconciliation of sale tax return
4. Reconciliation of wealth
5. Annual income tax return of Salary Individual
6. Annual income tax return of Company
7. Annual income tax return of Business Individual / Retailer or Trader
8. Annual income tax return of AOP
All above section will be cover with practical example and online filing.
Regards,
Faheem Mehboob
ACCA Member
03007574731
#saletaxincometax

Пікірлер: 70

  • @malikshukat7287
    @malikshukat72876 күн бұрын

    Good information 👍

  • @muhammadamjadnadeem9345
    @muhammadamjadnadeem93453 ай бұрын

    Good info

  • @faheempracticallearning

    @faheempracticallearning

    3 ай бұрын

    👍

  • @asimsohail589
    @asimsohail589 Жыл бұрын

    Bohat ALA ,....

  • @muhammadasadsiddiqui6512
    @muhammadasadsiddiqui6512 Жыл бұрын

    I have worked in numerous organizations and the same happen there. In the absence of adjustment claims, employers deduct taxes aggressively. One thing which I persuade to employers specially the tax managers there that they should counsel the employees as they are lay man so do not assume them tax experts and do not expect that they will come and claim themselves if any. Anyhow, You have covered very good area and I must say all of your videos are from practical side.

  • @afvlog3954
    @afvlog3954 Жыл бұрын

    Great sir. 👍

  • @faheempracticallearning

    @faheempracticallearning

    16 күн бұрын

    👍

  • @hassnainmasoodqureshi9689
    @hassnainmasoodqureshi96896 ай бұрын

    Increments or bonus per kis tarha tax calculate kia jata he ?

  • @Tofique
    @Tofique Жыл бұрын

    Nice

  • @JohnCenaJohnCena380
    @JohnCenaJohnCena3808 ай бұрын

    Very Nice Video Bro - Love you ho gya

  • @hassnainmasoodqureshi9689
    @hassnainmasoodqureshi96896 ай бұрын

    Agr Kisi ki payslip per already medical allowance available ho to us per 10% medical exemption hoga Yan nai ???

  • @farooquibhai5696
    @farooquibhai569616 күн бұрын

    Assalaam o alaikum Sir hum is medical allowance ki amount ko return me kahan record kerenge?

  • @faheempracticallearning

    @faheempracticallearning

    16 күн бұрын

    in salary income tax, exempt 10%

  • @user-ze2bd3et1c
    @user-ze2bd3et1c3 ай бұрын

    Brother as per rules medical allowance is exempt upto 10% of basic salary and any medical allowance in excess of 10% of basic salary will be considered for addition in taxable salary right, But you are are directly deducted 10% of basic salary in respect of exemption of medical allowance from basic salary which need clarification for better understanding. Kindly explain

  • @faheempracticallearning

    @faheempracticallearning

    3 ай бұрын

    Yes same, maximum 10%

  • @hassnainmasoodqureshi9689
    @hassnainmasoodqureshi96896 ай бұрын

    Pension, gratuity and provident fund per tax exemption he?

  • @accounts1s-di2gw
    @accounts1s-di2gw3 ай бұрын

    Ager company se loan laty hn farz ho 200,000 or salary haa 52000 + incentive 30,000 ab loan ki installments cut rai ha or basic salary transfer ho 52k ki bjye 32k tu tax ma salry 52k laiin gy ya 32k? Monthly basis deduction ho rai haa

  • @reflection648

    @reflection648

    2 ай бұрын

    @faheempracticallearning

  • @ishteaqahmed7222
    @ishteaqahmed7222 Жыл бұрын

    Sir hamry han consudilated salary milty hy to kia ham consudilated pr 10% lysakty hrn

  • @faheempracticallearning

    @faheempracticallearning

    Жыл бұрын

    Yes if not separate, mentioned on salary slip

  • @5MinutesWithQazi
    @5MinutesWithQazi11 ай бұрын

    Kia property purchase krty waqt jo tax pay kia jata hy tu wo adjustable hy??

  • @faheempracticallearning

    @faheempracticallearning

    11 ай бұрын

    Yes

  • @atiqurrahman3304
    @atiqurrahman330411 ай бұрын

    AS Salamu alikum sir Life Insurance k treatment pey koi vedio hai tu link mansions kar dain,

  • @faheempracticallearning

    @faheempracticallearning

    11 ай бұрын

    Yes sure, in future

  • @sharifahmad6876
    @sharifahmad68765 ай бұрын

    if the employer is not subtracting the 10% medical exemption, do we have any allowance or credit for this, when we are doing our own individual tax filing.

  • @faheempracticallearning

    @faheempracticallearning

    5 ай бұрын

    In tax return, you can claim 10% , and this is adjustable, again any other income, if taxpayers have:

  • @user-us7pt5ls2s
    @user-us7pt5ls2s6 ай бұрын

    Asalam o alikum, First, if an employee joins in December with a salary of 100,000, should we apply tax on his income? Second, if an employee's salary was 40,000 in November but has now increased to 75,000 in December, should we apply income tax on his salary? Thank you.

  • @MuhammadAli-tu9bi
    @MuhammadAli-tu9bi Жыл бұрын

    👍👍👍

  • @husnainabc
    @husnainabc Жыл бұрын

    10% medical exemption kis jaga likhna hy returns mai

  • @faheempracticallearning

    @faheempracticallearning

    Жыл бұрын

    Exempt

  • @user-yl3ze8yc3s
    @user-yl3ze8yc3s Жыл бұрын

    I have different opinion like 100 k can not be set as basic salary. Basic salary can be upto 60% or total salary, it can not be increased or reported more than this

  • @faheempracticallearning

    @faheempracticallearning

    Жыл бұрын

    Yes, agreed, for internal HR or company side we can make like this, but for taxation side if basic salary is more than more benefits, in the form of medical exemption

  • @MuhammadAmjad-ei2ou
    @MuhammadAmjad-ei2ou10 ай бұрын

    Sir advance tax next year bhi adjust hosakta hay ? ya 2 saal tak? iski time limit kya hay ?

  • @hassanasadi330
    @hassanasadi330 Жыл бұрын

    sir govt main tu gross main pension bhi hoti hai pf bhi hota hai tu gross main se pension n pf exempt karke tax banay ga humaray dept mai pension exempt kar ke tax detect hota hai

  • @mrxpert1005
    @mrxpert1005 Жыл бұрын

    Assalam o Alaikum Sir, We have a car and selling. Is there any capital gain tax on selling the car when sale proceed is more than cost of car. Should we charge capital gain on whole or partial

  • @72alihassan
    @72alihassan Жыл бұрын

    Sir, fuel card use nhaee kya full month and employer ny fuel allowanance employee ko bank transfer kr daye to is rakam ki employee apni return me kesy treat krain ge, taxable/ exempt/expense reimbursed?

  • @irtikhan2602
    @irtikhan260211 ай бұрын

    In case of any leave without pay, on what amount will the tax calculated? An amount after deduction of leaves or the actual monthly gross pay of 30 days ?

  • @faheempracticallearning

    @faheempracticallearning

    11 ай бұрын

    Yes, on actually amount, after deduction

  • @irtikhan2602

    @irtikhan2602

    11 ай бұрын

    ​@@faheempracticallearningSir, remaining taxable salary after deduction of leaves?

  • @faheempracticallearning

    @faheempracticallearning

    11 ай бұрын

    @@irtikhan2602 yes,

  • @ishteaqahmed7222
    @ishteaqahmed7222 Жыл бұрын

    Tax year 2022 mi ny 236k mi 45k pay kiy hen ki wo mi 2023 mi apny employer say certificat show Kara kr tax adjust Kara sakta hon

  • @economicstutor9313
    @economicstutor9313 Жыл бұрын

    Sir mutual funds me abhi tax exemption hai? us ki conditions bhi hein koi?

  • @fawadchughtai5067
    @fawadchughtai5067 Жыл бұрын

    Pls guide. Salary tax refundable previous years ka current year se adjust karsaktay hein?

  • @faheempracticallearning

    @faheempracticallearning

    Жыл бұрын

    Yes but only in annual tax return, not at source

  • @fawadchughtai5067

    @fawadchughtai5067

    Жыл бұрын

    @@faheempracticallearning Sir Annual me kese adjust karegein? Jiski income sirf "Salary" ho tu oska tu hamesha refund he aaega.

  • @saleemshaukat1500
    @saleemshaukat15009 ай бұрын

    Aoa Sir, income tax me refund wale colom me hum kitne years ka tax refund kr sakte ha? agr tax payable me raha ho to.

  • @faheempracticallearning

    @faheempracticallearning

    9 ай бұрын

    W.salam watch refund lecture

  • @waqar44able
    @waqar44able10 ай бұрын

    sir you have missed in this lecture TA DA exemption kindly explain.

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    Ta / DA always taxable

  • @psopk1
    @psopk1 Жыл бұрын

    My company allow me Medical bill reimbursement, can we avail 10% medical exemption in this case.

  • @faheempracticallearning

    @faheempracticallearning

    Жыл бұрын

    If reimbursement add in salary tax calculation, thn you can claim 10%

  • @5MinutesWithQazi
    @5MinutesWithQazi11 ай бұрын

    Sir kia Govt. Employees k ly b ye rule Hy.?? Dosri bat ye Hy k Medical and Conveyance allowances b kia exempted hn??

  • @anwarulhaq9285
    @anwarulhaq9285 Жыл бұрын

    Please clarify: HEAD OF INCOME: SALARY SECTION 12 3[Explanation.- For removal of doubt, it is clarified that the allowance solely expended in the performance of employee’s duty does not include - (i) allowance which is paid in monthly salary on fixed basis or percentage of salary; or (ii) allowance which is not wholly, exclusively, necessarily or actually spent on behalf of the employer;] Explanation added by the Finance Act, 2021.

  • @faheempracticallearning

    @faheempracticallearning

    Жыл бұрын

    Check lecture again this concept already explained.

  • @mmu200
    @mmu2009 ай бұрын

    are medical reimbursements exempt or not? Its not mentioned in salary slip as a medical allowance. Its reimbursed on medical bills.

  • @hilalahmedkhan928
    @hilalahmedkhan9289 ай бұрын

    AOA, is there any benefic on Zakat (private charity) and on children education. Regards.

  • @abdussamadsalleh4216
    @abdussamadsalleh421611 ай бұрын

    Sir, what law guide about services, like our employer, is providing services outside Pakistan . Is there any benefit for employee.

  • @abdussamadsalleh4216

    @abdussamadsalleh4216

    11 ай бұрын

    It's not an IT service.

  • @abdussamadsalleh4216

    @abdussamadsalleh4216

    11 ай бұрын

    It's a remote service like an account and finance

  • @alviuzair
    @alviuzair Жыл бұрын

    10% medical exemption is available only if the company is not giving any medicial facility.

  • @faheempracticallearning

    @faheempracticallearning

    Жыл бұрын

    Even giving thn still as per rule we can claim, upto 10% of basic sales. For more details check lecture of medical exemption

  • @zeeshanbaig40

    @zeeshanbaig40

    6 ай бұрын

    Really?

  • @muhammadsalman9134
    @muhammadsalman91348 ай бұрын

    Bhai Video boht achi h but practically 1 return submit karky bataen ye sab kis kis jaga likhna hoga

  • @muhammadsalman9134
    @muhammadsalman91348 ай бұрын

    Sir salaried person ko basis pe 10% medical exemption milti h wo kahan p likhengy or kesy exemption avail kr sakty hn ? Please help 🙏 make a video please 🙏

  • @akbarloona1475
    @akbarloona1475 Жыл бұрын

    Sir can we split salary in two accounts to save Income Tax...😂

  • @faheempracticallearning

    @faheempracticallearning

    Жыл бұрын

    On same time we can't

  • @amanalam7866
    @amanalam78669 ай бұрын

    Its incomplete info about medical exemption,,, ager kisi ki salary me medical allowance lg raha he , jesy sary allownce ap ny bty he ,, to kon c amount li jy gi ,,,basic ka 10 percnt ya medical allownce.....

  • @faheempracticallearning

    @faheempracticallearning

    9 ай бұрын

    watch old lecture for complete understanding

  • @waqar1061991
    @waqar1061991 Жыл бұрын

    Sir zakat paid to registered organisation. How much income tax can be saved?

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