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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