Salary and Property Income Tax Calculation | IRIS | Logic of Calculation on IRIS | How to Save | 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/923007574731?text=Pract...
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: 111

  • @zahoorsarbandi2982
    @zahoorsarbandi298210 ай бұрын

    really very informative and explanatory video on Rental income. Thanks for your efforts and lecture.

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    👍

  • @KhalidAhmed-kl8zt
    @KhalidAhmed-kl8zt7 ай бұрын

    Khush Rahee jeetay rahee kum waqat may zayda achi knowledge Teaching is an art not science God bless you and yours

  • @faheempracticallearning

    @faheempracticallearning

    7 ай бұрын

    👍

  • @sj6361
    @sj636110 ай бұрын

    Very useful and informative video. JazakAllah

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    👌

  • @kamranmahmood2869
    @kamranmahmood286911 күн бұрын

    Excellent demonstration

  • @faheempracticallearning

    @faheempracticallearning

    11 күн бұрын

    @@kamranmahmood2869 👍

  • @FaizanAli-qn6eg
    @FaizanAli-qn6eg10 ай бұрын

    Superb, excellent way ❤

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    👌

  • @kingjan7235
    @kingjan72356 ай бұрын

    Nice information sir Have a blessing life

  • @faheempracticallearning

    @faheempracticallearning

    6 ай бұрын

    👍

  • @Advdanishahmad760
    @Advdanishahmad76010 ай бұрын

    Got it sir...JazakAAllah❤❤

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    👌

  • @kingjan7235
    @kingjan72356 ай бұрын

    Perfect vedio❤

  • @faheempracticallearning

    @faheempracticallearning

    6 ай бұрын

    👍

  • @muhammadshabbir8048
    @muhammadshabbir804810 ай бұрын

    Very informative video

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    👌

  • @kingjan7235
    @kingjan72356 ай бұрын

    Perfect vedio

  • @faheempracticallearning

    @faheempracticallearning

    6 ай бұрын

    👍

  • @abduljalil1253
    @abduljalil125310 ай бұрын

    Very informative

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    👍

  • @habibbhatti9706
    @habibbhatti970610 ай бұрын

    Great

  • @AliNawaz-rm5ui
    @AliNawaz-rm5ui9 ай бұрын

    Best for every one to learn.

  • @faheempracticallearning

    @faheempracticallearning

    24 күн бұрын

    @@AliNawaz-rm5ui 👍

  • @asimsohail589
    @asimsohail58910 ай бұрын

    Nice Information..

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    👍

  • @yasir3566
    @yasir356610 ай бұрын

    Good work

  • @faheempracticallearning

    @faheempracticallearning

    24 күн бұрын

    @@yasir3566 👍

  • @MuhammadUmar-sp1sq
    @MuhammadUmar-sp1sq10 ай бұрын

    thanks sir problem solved

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    👍

  • @AliNawaz-rm5ui
    @AliNawaz-rm5ui9 ай бұрын

    Thank you

  • @faheempracticallearning

    @faheempracticallearning

    24 күн бұрын

    @@AliNawaz-rm5ui 👍

  • @mashhoodhassan9227
    @mashhoodhassan922710 ай бұрын

    Nice

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    👍

  • @muhammadsarwar5729
    @muhammadsarwar572916 күн бұрын

    Assalam Alakum Sir, Thank U ap ne achhe treeqe se rahnumai farmai h. Kindly sir mujhe ap ki guidence chahiye k last yrs ka jo refundable tax h wo ma har dafa claim karta hoon mgr koi response ni milta. Lihaza ma usko mojooda sal ki return ma adjust karne k lie kon se tab ya column ma enter kronga. Thank u so much. Meri dua h k allaha apko hamesha khush rakhe plz. Reply me

  • @zafarabbas356
    @zafarabbas35610 ай бұрын

    Sir, here is a question. A govt servant is availing house rent subsidy. His house is rented by the Deptt for the employee and Deptt will pay the rent after the deduction of tax. When I prepare his return, how I will show his already deducted tax against the property? please explain or make a video on the topic. Thanks and regards.

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    Part of salary

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    For him it is benefit and paid, with salary

  • @muhammadejaz2143
    @muhammadejaz214310 ай бұрын

    Boss AoA Please guide me; in income tax return of my client; full and final income I declared in Normal income in reconciliation;;;what should I do as it is no material error whether I should revise

  • @user-wx4fq4pf1m
    @user-wx4fq4pf1m10 ай бұрын

    Sir, if a widow who is also a government teacher receives her husbands pension, who was a government professor. Will it consider income for her and mention in the pension column or just mention in inflows adjustment in wealth. Thanks and regards

  • @subhanmuhammad9542
    @subhanmuhammad954210 ай бұрын

    Good sir. Which price we have to enter market price or origin price in both columns. Please guide I am stuck to file either enter market value fro provided link of fbr or same price as we buy or enter any price above the buy price

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    pls check high court order lecture, i have already explained in details

  • @aqibnaseer5494
    @aqibnaseer549410 ай бұрын

    AoA Sir Joint bank A/C ka kia treatment hoga Wealth statment ma Full bank balance likho Ya half.

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    Report in both or any one, but balance debit and credit must be match including closing balance

  • @aqibnaseer5494

    @aqibnaseer5494

    10 ай бұрын

    Sir can you please make a video on it ? YT pa koi video nh mili is topic pa

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    @@aqibnaseer5494 it is very simple

  • @aqibnaseer5494

    @aqibnaseer5494

    10 ай бұрын

    Sir I have one more Question kindly help. Tax year 2021 related sep 2022 ma Show Cause notice aya tha. Property declarered thi. Reply kr deya tha within due date oct 2022 ma ... abhe tak koi response nh aya. Na outbox ma araaha or na completed task ma or na wo resturn revise kr sakta. Ap bata sakta ha show cause kab Timebarred hota ha ya kab fbr liable h reply krna k lia?

  • @user-hc9zf8yb7i
    @user-hc9zf8yb7i10 ай бұрын

    Sir if a person is owner of Five rented properties how he can shift it to brother wife andson to avoid higher taxes how rent can b transfer to family member or contract when the owner is other family member pl elaborate

  • @sarfarazali1478
    @sarfarazali147810 ай бұрын

    Salary person agr service dy Raha hi r us say 10% deduction ho rahi hi section 153(1)(b) may Jo k system minimum may calculate kr Raha hi Js tax slab increase ho Raha us k liy koi option ho tu share karain

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    same, just try to manage in advance next time

  • @malik556
    @malik55610 ай бұрын

    Date ka kya bana extend honi hai ya nahi

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    Tomorrow will come

  • @BizFinder-t3s
    @BizFinder-t3s18 күн бұрын

    Bhai salary aur rental income ko sath ma kiyun calculate kar raha hai. Jab k 300k exemption nahe hai rental income pa

  • @faheempracticallearning

    @faheempracticallearning

    17 күн бұрын

    Yes thn business tax rates applicables

  • @mudassirabubakrsheikh4927
    @mudassirabubakrsheikh4927Ай бұрын

    how to file indvidual income tax return for the first time after registeration on 1 may 2024

  • @faheempracticallearning

    @faheempracticallearning

    Ай бұрын

    Watch lecture of how to file tax return

  • @user-xe1lx1pg9q
    @user-xe1lx1pg9q2 ай бұрын

    Bhai tax rate to pata chal gya salary rate or 155 men jo clash h wo b to highlight kren!! Us ka kiya kren rental income 300000 se kam he us pe to apply hi nahin hota tax but salary is more is chakar men rental income p again tax apply h jata h!! pe b apply ho jata h !!

  • @faheempracticallearning

    @faheempracticallearning

    2 ай бұрын

    Yes because income increased, so we need fo pay on increased income

  • @nshayat
    @nshayat8 ай бұрын

    How to enter tax deducted by University against other then salary amount under 153 (payment on services by 20%)

  • @faheempracticallearning

    @faheempracticallearning

    8 ай бұрын

    For this 1st you need to check whether hired as salary person or contract, if salary person thn salary slab rates applied, if on contract thn 153 rates applied. 1st need to double and clear, the agreement

  • @muhammadasim8434
    @muhammadasim843410 ай бұрын

    Sir salary income Kay sath Meri services income bhe hai or USS par withholding bhe ho jata hai to main apni return kesay file karon kiun Kay Mera koi extra business ni hai I am a doctor but I have no clinical income...hospitals withhold the tax .

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    on service income tax deducted at source or not?

  • @muhammadasim8434

    @muhammadasim8434

    10 ай бұрын

    @@faheempracticallearning yes deducted sir

  • @muhammadasim8434

    @muhammadasim8434

    10 ай бұрын

    So what can I do

  • @abdulhaqmajeed
    @abdulhaqmajeed2 күн бұрын

    please share refence of tax apportionment

  • @faheempracticallearning

    @faheempracticallearning

    Күн бұрын

    Check Input not allowed section of sales tax act

  • @zayadmn
    @zayadmn10 ай бұрын

    Behbood certificate walon k Sath bhi aisa hi ho Raha hai. Ek widow Jo k teacher Hein, jab behbood ka profit show kia, iris be salary k Sath Mila kar ek lakh Sola hazar tax calculate kar dia, jab k salary SE TU already deduct ho Chuka hai, Sirf behbood k profit pe calculate hona tha Jo k 5 per cent hai. Iska koi solution btayen.

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    agreed

  • @muhammadfurqanhameed5217
    @muhammadfurqanhameed521710 ай бұрын

    Please guide about the section 153 1(b)

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    What information needed?

  • @nadeemkhalid7668
    @nadeemkhalid766824 күн бұрын

    agar rent less show Kya jay to FBR ko kaisay pata chalay ga.

  • @faheempracticallearning

    @faheempracticallearning

    24 күн бұрын

    we need to report actual, they have many ways to find

  • @mrmobile2865
    @mrmobile286510 ай бұрын

    First time tex return file ki ha.... Active status kb tk ho jay ga...?

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    1st March 2024

  • @mrmobile2865

    @mrmobile2865

    10 ай бұрын

    @@faheempracticallearning itna late q sir

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    @@mrmobile2865 as per FBR practice tax year 2023 return, status will be active on 1st March

  • @muhammadzubair7679
    @muhammadzubair767910 ай бұрын

    Today I entered data in new IRIS model. The problem is that personal expenses impact is not visible in reconciliation. Any solution??

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    Delete form and select again

  • @muhammadzubair7679

    @muhammadzubair7679

    10 ай бұрын

    You are saying that whatever entered should be deleted and start entering from zero.

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    @@muhammadzubair7679 yes

  • @muhammadzubair7679

    @muhammadzubair7679

    10 ай бұрын

    I deleted the form and started from zero. It's working. Thanks. Now one problem facing as in expenses detail taxes word is missing. Where to report the amount of taxes deducted?

  • @khalidsaeed4342
    @khalidsaeed434210 ай бұрын

    Where to enter income of networking or affiliate marketing in IRIS. lets say its 5K To 10K monthly , tax is already deducted and amount received on easy paisa account. Please guide.

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    under which section tax already deducted?

  • @khalidsaeed4342

    @khalidsaeed4342

    10 ай бұрын

    @faheempracticallearning , tax is deducted 10% but I am not sure under which section.let me check plz

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    @@khalidsaeed4342 share section

  • @khalidsaeed4342

    @khalidsaeed4342

    10 ай бұрын

    @@faheempracticallearning section 151

  • @tenminuteslearning5784
    @tenminuteslearning578410 ай бұрын

    Can a private job and business be managed the same way

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    yes

  • @PAKfirst-ec2vl
    @PAKfirst-ec2vl10 ай бұрын

    Thankyou. Want to clear one thing, please guide how to make rental agreement of shops to my wife. She is a house wife and dependent on me. I am a salary government servant and the shops are on my name. Do i have to transfer the ownership of the shops in her name? Or just give stamp paper authorizing her to collect the monthly rent and show in her tax return. Please explain in detail the exact procedure in minute details, thankyou

  • @naeemhamdani7934

    @naeemhamdani7934

    10 ай бұрын

    Ŕépĺý please

  • @waseemsiddiqui8652
    @waseemsiddiqui86529 ай бұрын

    Can a daughter rent out her property to his father @50000 per month through stamp paper deed And can father sublet that property for a rent of 100,000/ per month through stamp paper

  • @shameelaakhtar2955
    @shameelaakhtar295510 ай бұрын

    How did you calculate 83% And 17%

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    Watch complete lecture

  • @shameelaakhtar2955

    @shameelaakhtar2955

    10 ай бұрын

    ⁠I have seen many times but can’t get it how 83% and 17% come

  • @ranafurqan2800
    @ranafurqan280010 ай бұрын

    A.o.a

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    W.salam

  • @sikandarraza7806
    @sikandarraza780610 ай бұрын

    Pakistani Awwam Kis Laye Day Rant Wali Incom Par Government Ko Tax

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    😄

  • @sikandarraza7806

    @sikandarraza7806

    10 ай бұрын

    @@faheempracticallearning Sir Sirf Tax Day Day Kar Miltha Kayya Ha Awwam Ko Sub Kuch To HAKOOMAT Laye Rahai Ha Awwam Say Petrol ⛽️ Ke Mad Mayn Electric Ke Mad Mayn 18 Percent Tax Ha Har Cheaz Par Or Sesyet Dan Zulam Kar Kay Ammam Ko Lota Ha Or Kasi Ko Awwam Ke Fakir Nhi Ha

  • @ranafurqan2800
    @ranafurqan280010 ай бұрын

    Need your help

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    Yes

  • @decentdentist
    @decentdentist10 ай бұрын

    Thx for useful info Our Govt is being run by idiots

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    😄

  • @TechEnterNetwork7585
    @TechEnterNetwork758510 ай бұрын

    This video has no sound😮

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    have pls check may be some issue, with your device

  • @abdurrahmanomar4110

    @abdurrahmanomar4110

    10 ай бұрын

    Voice is fine

  • @TechEnterNetwork7585

    @TechEnterNetwork7585

    10 ай бұрын

    @@faheempracticallearning Yes ...... there was issue in my phone which is now solved.... sorry for inconvenience

  • @faheempracticallearning

    @faheempracticallearning

    10 ай бұрын

    👍

  • @amjadislamamjad8
    @amjadislamamjad89 ай бұрын

    سر میں آن لائن سوفٹ ویر بنانے کا کام کرتا ہوں اور گورنمنٹ کی جاب بھی کرتا ہوں۔ اور کچھ بچے ہوئے پیسے بنک میں ہیں ان سے پرافٹ بھی لیتا ہوں اس کی رٹرن فائل کیسے ہو گی ۔

  • @ArshadAli-rp5qx

    @ArshadAli-rp5qx

    6 күн бұрын

    Agar business income k sath rental income ho wo kaisay hal karain gay zarro air jaldi batain . thanks

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