What is Tax on Salary Income | How to Calculate Tax on Salary | Calculate Withholding Tax on Salary
This Video is about What is Tax on Salary Income & How to Calculate Income Tax and withholding Tax on Salary as per Tax Rates prescribed by the Federal Board of Revenue which is a Government Tax Authority in Pakistan.
In this Video Tutorial ,which is an Outstanding Master Piece for Learning Taxation in Pakistan, you will learn ;
1. What is Tax on Salary
2. How an Employer deduct Withholding tax on Salary from its employees
3. What are other names for Tax on Salary
4. What is the nature of Salary Tax or Withholding Tax on Salary
5. When an Employer Deduct Salary Tax
6. Do a Salary person should pay taxes at the end of year
7. What is Withholding Tax Agent
8. Do Tax on Salary or Withholding Tax on Salary Rates are Same for Every Citizen
9. Do Tax on Salary or Withholding Tax on Salary Rates are Same for Province and Every City of Pakistan
10. How to Get Salary Tax Rates and from where we can download Salary Tax Rates and Withholding Tax Rates on Salary
11. What is Legal Reference or under which section Salary Tax or Withholding tax on Salary is Deducted
12. How to Calculate Salary Tax or Withholding Tax on Salary in simple way with professional and legitimate approach.
13. What is Tax Year and which month it starts which month it ends on
14. How to Calculate Salary Tax and Withholding Tax on Salary when Salary got changed within the year
15. Salary Tax Slab Rates / Withholding Tax Slab Rates on Salary in Pakistan
When the time comes to pay Salary to Employees , the employer deduct a tax from its employees' salary and pay them the remaining amount.This tax is a withholding tax which is deducted by the employee from the salaries each month.Because this is an advance tax and deducted at source.Tax authority of Pakistan which is called Federal Board of Revenue (FBR) declares all the employers a withholding agent of FBR and orders them to deduct & withhold tax on salary and pay it to the government's tax authority FBR each month. The Employer provides tax payment receipt called CPR,Tax Challan or Tax Certificate as an evidence to the employees.
These Taxes are deducted as per Tax Rates Prescribed by the FBR and can be downloaded from FBR's Official website.The direct link is also available below for viewer's convenience.
These Withholding Tax Rates on Salary are same in all provinces and cities of Pakistan but are different for different salary Range. These rates are spread to 6 Slabs.
This Salary Tax Rate Card or Withholding Tax Rate Card is simplified in this tutorial and each slab calculation and concept is explained very simple, concisely but completely.The technical aspect is properly described with a very simple and straight forward manner for an easy understanding.
After watching this video tutorial your are all set to work on it without any further help or assistance.
This video is a short concise and a Master piece for those who are seeking to learn taxation in Pakistan.We are providing a Master class for Accountants to enhance their skills and earn more in their field of Accounting and Taxation.
Direct Link of FBR's Website to Download Withholding Tax Rates Card :
Link -1. www.fbr.gov.pk...
Link-2.
download1.fbr....
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Пікірлер: 39
very informative thanks for sharing.bhai bohat shukriya
@sairsapata3407
8 ай бұрын
Excellent way, super excellent work kmaaaaal ki video so much informative Sir JazaKallahu khairnnn❤
@EnzayTutorials
2 ай бұрын
We are glad to know that it was helpful
Its really very informative.
Jazak Allah sir ❤❤❤
really great thanks for the information. I needed it man. very informative and usefull
@sairsapata3407
9 ай бұрын
👍
good
@EnzayTutorials
10 ай бұрын
Thanks
@sairsapata3407
8 ай бұрын
@@EnzayTutorials
Good information
@EnzayTutorials
10 ай бұрын
Thanks for watching
Thanks for sharing
❤
thanks sir
@EnzayTutorials
5 ай бұрын
You are welcome..We are Glad to know that it was helpful..
Informative but always try to share your excel version which may help out massively.
@EnzayTutorials
4 ай бұрын
Noted we appreciate your suggestion..Thanks Murtaza
Tax net salary pe hota hai ya Gross pay pe hota kindly guide me
Where is medical allowance which is exempted upto 10% of basic salary
Ager Employee tax year me new aya hai 3 months se iski salary 3 months ki 225000 bani to kya tax deduction hogi?
@EnzayTutorials
5 ай бұрын
Salaam Farooq...as per you mentioned above the employee salary is 75000 per month..It means his / her previous salary would be close to 75000 which means its taxable..secondly you can consider 75000 x 12 and make deductions accordingly..thirdly if employee raise any question that why you are making deductions as he just joined the company..Let him know to provide his previous month tax certificate for appropriate deductions or tell him in this case we can not investigate the previous salary if you do not provide the tax certificate we are by law bound to make deductions considering 75000 x 12..The is most clean and clear practice ..Hope it would help you..Thanks
Excel sheet for Tax calculation
@EnzayTutorials
Ай бұрын
just wondering if you know the calculation which is explained clearly than why you need an excel file...any how Send us email to get it please..
Tex deduction grass salay ya net salry pr deduct hota ha
@EnzayTutorials
Ай бұрын
apki total monthly salary jo company kay leay payable hai usi pay tax deduction hoti hai..baaz dafa ap unpaid leave laitay hain to salary apki 1 lac ha lakin unpaid leaves ki waja say 90000 reh gae ..to 90000 pay tax calculate ho ga..
Excel sheet please
@EnzayTutorials
Ай бұрын
Send us email
15000 fix ka kia matlab yani 15000 bhe aur 12.5 ke bhe cutting hoge
@EnzayTutorials
Ай бұрын
15000 fix hai or 12.5% us amount per calculate krna hai jo 1,200,000 say oper ho..for example apki annual salary 1,300,000 hai to phlay 12 lac pay 15000 fix hai or baki 100000 per 12.5% jo kay 12500 bantay hain..yani total apnay 15000+12500=total 27500 pay krna hai puray saal ka..
What about graduity?
@EnzayTutorials
Ай бұрын
Exempt ...but depends which gratuity fund is it and your type of employment ...
tax gross salary pe h ya net salary pe?
@EnzayTutorials
19 күн бұрын
this has already been mentioned check out the same question in the comment and give us a thumbs up..
How to save income tax on salary?
@EnzayTutorials
5 ай бұрын
Salaam...Syed Shayan ...we really appreciate that you raised a question to learn something new.But we would like to share our thoughts that we don't encourage anybody to reduce their tax liability through manipulations.As Tax is not too high on Salary but someone who have more than 1.2 million annual salary have a bit more to pay as tax. We should pay our responsibility as a good citizen and if the predefined benefits we could not get in here from the State then we can have something more in Akhira..Thanks
Sir abhi 2024 main 70 hazar salary par kitna tax bane ga
@EnzayTutorials
3 ай бұрын
70000x12=840000 annual salary per 6000 annual tax banay ga ..matlab 500 per month