How to save Tax on Salary Income | 4 Ways to save Tax | Credit | Reduction | Income Tax | FBR |

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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.
Click on below WhatsApp link for further details of Practical Taxation Course
wa.me/message/5BNUTBJFAPHUN1
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

Пікірлер: 95

  • @SuperEvo1990
    @SuperEvo19902 ай бұрын

    Very good info, The Reason for very few exemptions is there is only a small amount of salaried class that can take benefit of these exemptions. We must lobby to reduce taxes like the Steel, Automobile, and chicken Mafia lobbies the government. elites have far more favourable tax schemes and should be paying more taxes. But It's easier to steal from the weak salaried class.

  • @ranamuhammadashfaq
    @ranamuhammadashfaq2 ай бұрын

    Waao great work Respected Sir jee

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    👍

  • @raziuddin4516
    @raziuddin45162 ай бұрын

    Faheem Bahi very thanks

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    👍

  • @KashifAli-lh8zu
    @KashifAli-lh8zuАй бұрын

    Excellent as always👍

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    👍 👍

  • @abumuaviyah
    @abumuaviyah2 ай бұрын

    Donation fund 13 ,schedule me reg org k liye eligible he ya Section 2(36)(c )k mutabiq har registered trust k liye he hoga?

  • @Jjr-sk7vr
    @Jjr-sk7vr2 ай бұрын

    Ziada set ziada Kitni quantity show kar saktay hein first time returns mey shadi kay gold/jewellery gifts ki

  • @arslaniqbal7581
    @arslaniqbal75812 ай бұрын

    Faheem bhai Zakat deducted from bank account provide benefit of dedcution? Or only Zakat deducted under Ushr Ordinance 1980 will provide dediction benefit? Please expalin

  • @docmak-1256
    @docmak-1256Ай бұрын

    Salam. Thankyou for video. Sir ma 2021 se salaried aur filer hun. Lekin aj jab ma salaried tax file kiya along with total annual saley and income tax jo company khud deduct karti hai, aur sath ma jo bank se profit aya wo aur uska WHT b enter kiya. Jab last ma computation of taxes kiya to portal show kar raha k jo mujhy bank profit py witholding tax deduct hua wo plus ma tax refundable show horaha hai. To ye thek hy ? Ye refund hojaega?

  • @zahidrasool4222
    @zahidrasool42222 ай бұрын

    Assalamualaikum. Dear Fahim sahib. Can I get the format of the salary tax exemption chart..

  • @iqataxconsultants4627
    @iqataxconsultants46272 ай бұрын

    any donation? kisi individual ko bhi donation ka credit mily ga?

  • @GhauriDr
    @GhauriDr2 ай бұрын

    Thanks a lot. Very useful and informative. Please explain about pension funds. Pension Benefit Account of National Savings Center also included in this one...?

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Yes sure, in future, I will explain

  • @UMAIRGULZARVOHRATAX
    @UMAIRGULZARVOHRATAX2 ай бұрын

    I file sale tax return on 21st may and sale tax submitt but it was save provisional draft because our supplier doesn't sumbit return till 31st may and now invoice delet from claim list.plz s peh video banen how to file this return??

  • @mrabidbilal
    @mrabidbilal2 ай бұрын

    Sir, under which section the credit on donation is available?

  • @umarazmat
    @umarazmatАй бұрын

    what if u pay donation or zakat paid by cash to individual and not to company or organization?

  • @finance79campus48
    @finance79campus48Ай бұрын

    Dear Sir, If employee give medical allowance as well as medical insurance will we able to received 10% exemption on basic salary?

  • @wickedsatan1
    @wickedsatan12 ай бұрын

    Savings account pr zakat deduct hui. Is it final or adjustable?

  • @muhammadsarwartasleem4634
    @muhammadsarwartasleem463429 күн бұрын

    Sir govts servants apnay gpfund niklwaty waqt Jo zakat katwaty hn.kia us ki exemtion l sakty hn.

  • @faheempracticallearning

    @faheempracticallearning

    29 күн бұрын

    @@muhammadsarwartasleem4634 no

  • @shafquatali1864
    @shafquatali18646 күн бұрын

    Sir tax to pehle se kat k salary ati hai aur phir zakat pay karte hen, (Y phir Bank deduct karti hai zakat) to uska treatment kese hoga? aur tax to gross salary pe apply hota hai jismen medical allowance b shamil hota hai to uspe full tax apply hota hai to is bare men ap bata sako to... thanks..

  • @sheerazahmed2689
    @sheerazahmed2689Ай бұрын

    Can we assume 10 % medical on our income ?? Any restrictions of basic or gross ??

  • @ilimuddinpanhwar928
    @ilimuddinpanhwar9282 ай бұрын

    Which zakat we can add into tax for saving tax zakat deducted by the Bank or zakat given by the individual to any religious organisation?

  • @knowledgestudioltd.6832
    @knowledgestudioltd.68322 ай бұрын

    Faheem Bhai Zakat or Donations ki deduction sb per allow ha ya pir only approved institutions which are mentioned in ITO

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Zakat, if deducted, by bank Donation approved institution

  • @adnanshamsi5426
    @adnanshamsi5426Ай бұрын

    Our company is offering medical insurance to employees so can we avail 10 % medical allowance tax exemption?

  • @rizwanwaheed3073
    @rizwanwaheed30732 ай бұрын

    person fund withdrawal wali trick explain ker dain please.

  • @sagheeranvar165
    @sagheeranvar165Ай бұрын

    Bhai jan psx main cgt deduction hoti hy.kiya cgt tax main adjust ho skta hy

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    No

  • @ahsanlive
    @ahsanlive2 ай бұрын

    Assalamu Alikum Sir With due respect, as I know,medical amount exempt only 65@% basic of 10% medical exempt, any withheld tax amount which can be adjustable from the tax amount like under section 236 and other as well, ptcl, mobile phone, internet bill and vehicle tax etc. However, thanks for the nice informative videos.

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    10% of basic Salary, pls read exemption rules, further in this lecture, we just discussed about credit, whereas advance tax always adjustable, watch previous lectures for complete understanding

  • @nationsnarrative8418

    @nationsnarrative8418

    2 ай бұрын

    ​@@faheempracticallearningbrother ye exemption rules kidr se milen ge

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    @@nationsnarrative8418 available in income tax law

  • @shoaibamjad3626
    @shoaibamjad36262 ай бұрын

    Sir ye kasy adjust ho ga sb

  • @Israfaisal800
    @Israfaisal8002 ай бұрын

    1.2 million per annum pr tax slab shuru hoti ha ya 6 lakh pr hi start ho jati ha

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Yes

  • @tahahussain4179
    @tahahussain4179Ай бұрын

    agar aap ki deuctions he jesy mobile /car, property registration ki advance tax ki is ka evidence apny employer ko dy kr apni deduction on salary bhi km krwa skty he. u/s 149

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    Yes all adjustable

  • @mirzawaleed8920
    @mirzawaleed89202 күн бұрын

    Sir kya hum higher income individuals ki salary ko commission aur salary me breakup kr k tax save kr sakty?

  • @faheempracticallearning

    @faheempracticallearning

    Күн бұрын

    Follow rules, if in reality Salary thn need to report the same

  • @MMFH445
    @MMFH4452 ай бұрын

    Agar aik tax year mein koi salary/income na ho to phir bhi tax return file karni ho ge?

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    If have NTN, thn need to file

  • @msahilmultipal4506
    @msahilmultipal45062 ай бұрын

    Faheem bhai jin ki salary se tex kat liya jata wo kia krain

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Same process

  • @MuhammadFarooq-tb5nc
    @MuhammadFarooq-tb5nc2 ай бұрын

    How to get credit before year end. Please explain the procedure

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Not available, only advance tax can be adjust

  • @ShafqatJatoi
    @ShafqatJatoi2 ай бұрын

    What about insurance like state life insurance credit??

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Omitted now

  • @ImranKhan-er6su
    @ImranKhan-er6suАй бұрын

    Sir, where to find the updated allowable tax credit? which section?

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    Read exemption

  • @Hashim3447
    @Hashim3447Ай бұрын

    To avail these exemptions, needs to provide vouchers etc regarding these exemptions. Please guide

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    Yes

  • @Hashim3447

    @Hashim3447

    Ай бұрын

    @@faheempracticallearning regarding medical expenses. Vouchers/Consultation can be dependent of salaried person?

  • @legalpoint1
    @legalpoint16 күн бұрын

    What about the tax deducted from retirement benefits? Are they refundable or adjustable ????

  • @faheempracticallearning

    @faheempracticallearning

    6 күн бұрын

    gratuity exempt, if approved scheme, PF also exempt if received from approved PF funds, and remaining all taxable

  • @iqataxconsultants4627
    @iqataxconsultants46272 ай бұрын

    full-time teacher ko define kr len pls. only govt teachers pls

  • @farooquibhai5696
    @farooquibhai56962 ай бұрын

    Donations aur zakah ki pakki receipt chahiye hungi?

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    It must be from registered institutions

  • @itsarsalansaeed
    @itsarsalansaeed2 ай бұрын

    AoA. I worked at a company this fiscal year for 9 months from July to April. The company deducted tax from my salary but didn't pay it to FBR. I don't have any salary slips but have the offer letter which mentions the gross salary and net salary. Salary was paid through bank and company is registered in Pakistan. Can I claim the tax deducted in my return even though the company will not pay it to FBR? If not, what options do I have?

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    W.salam, ask the company to share CPR after payment of tax, no CPR no claim from FBR , push them to share and deposit

  • @itsarsalansaeed

    @itsarsalansaeed

    2 ай бұрын

    @@faheempracticallearning they have refused to pay it to FBR 😞 Will I have to pay the tax again directly to FBR? Is there a way to complain about this to FBR?

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    @@itsarsalansaeed push them to deposit

  • @darkraipk360

    @darkraipk360

    2 ай бұрын

    Sir what is the amount of salary. ? May I help you

  • @itsarsalansaeed

    @itsarsalansaeed

    2 ай бұрын

    @@darkraipk360 around 4 million

  • @perveziqbal1290
    @perveziqbal1290Ай бұрын

    SIR agar ham 20 million ki property purchase karty han.Please let me guide k Income tax return me proprty ki value actual show karen ge ya wo value jis per ham 236k advance tax pay karty han yani FBR valuation rate show karen ge...please let me guide....THANKS

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    Watch relevant lecture of property tax

  • @perveziqbal1290

    @perveziqbal1290

    Ай бұрын

    @@faheempracticallearning which lecture?can you share link,because there are so many lectures on this topic...thanks

  • @dilawarkhan9759

    @dilawarkhan9759

    29 күн бұрын

    DC Rate

  • @Jjr-sk7vr
    @Jjr-sk7vr2 ай бұрын

    Kia drivers, house servants,mali etc ki income salary income mey aati hey?

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Yes part of taxable salary, as per law any benefit received from employer is taxable

  • @naseerkhan925

    @naseerkhan925

    2 ай бұрын

    Yes any type salary included taxable if reached theresholds. Taxable salary theresholds is Rs. 600000/ per anum

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    @@naseerkhan925 👍

  • @user-fi7qx7cy4s
    @user-fi7qx7cy4s2 ай бұрын

    پہلی دفعہ ٹیکس ریٹرن فائل کرتے وقت جو پراپرٹی شو کی جاتی ہے کیا اس کی ویلیو لکھنا ضروری ہے

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Yes, need to mention value

  • @aliusmanhashmi5222
    @aliusmanhashmi52222 ай бұрын

    🤲🏻😇👍

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    👍

  • @nailagul5651
    @nailagul56518 күн бұрын

    Teacher board payment kaha add karni ha?

  • @faheempracticallearning

    @faheempracticallearning

    7 күн бұрын

    W.salam Yes sure

  • @abumuaviyah
    @abumuaviyah2 ай бұрын

    Section 61 tax credit jab tak employer ko jama Na karaen ye faIda bekar he. kia employer ko law k tehat tax credit 61 haasil karne during the year submit karsakte hen ? @faheempracticallearning

  • @Muslimmemon
    @Muslimmemon2 ай бұрын

    Children school fee ???

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Part of normal expenses

  • @abumuaviyah
    @abumuaviyah2 ай бұрын

    ہر قسم کا زکوٰة منہا ہوتا ہے یا بینک سے کٹنے والا ؟

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Bank

  • @muhammadadeelsheikh9448
    @muhammadadeelsheikh94482 ай бұрын

    Sir Aap Question Ka Reply Hi Nahi Kartye

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Which question?

  • @muhammadadeelsheikh9448

    @muhammadadeelsheikh9448

    2 ай бұрын

    @faheempracticallearning I am Asking you Lots of Questions on WhatsApp but you Never answered me any Questions

  • @abumuaviyah
    @abumuaviyah2 ай бұрын

    اگر کسی پینشن فنڈز میں ٹیکس کریڈٹ لیا تو اگلے سال فنڈز نکالنے پر کمپنی جتنا ٹیکس کریڈٹ لیا ہے وہ ریفنڈ کرتے وقت کاٹ لے گی۔

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    No, time limt

  • @abumuaviyah

    @abumuaviyah

    2 ай бұрын

    @@faheempracticallearning کمپنی کا مطلب میوچل فنڈز میں جو پینشن فنڈز میں انویسمنٹ کی ہے۔اسکی بات کررہا ہوں۔ جون میں ٹیکس کریڈٹ لیا۔اور اگلے سال جولاٸی ریفنڈ کرولیا تو پینشن کمپنی واپس ٹیکس کریڈٹ کاٹ لیتی ہے

  • @muhammadaslam9284
    @muhammadaslam9284Ай бұрын

    Trickster

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    👍

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