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fb) Samia is full time teacher in government school has monthly salary with following breakup Basic salary 150.000 House rent allowance 76,500 Utility allowance 15,000
fb) Samia is full time teacher in government school has monthly salary with following breakup Basic salary 150.000 House rent allowance 76,500 Utility allowance 15,000 Medical allowance 15,500 School arranged medical insurance for her and her family as well She is also working as part time internal auditor in difference companies and earn PKR 2,000,000 in year She paid zakat in cash of PKR 100.000 - during the year She paid donation in cash to her friend's NGO of PKR30,000/- She purchased life insurance policy with premium of PKR 500,000/- Calculate taxable income and tax liability of Samia for current tux year. (10) fb) Samia is full time teacher in government school has monthly salary with following breakup Basic salary 150.000 House rent allowance 76,500 Utility allowance 15,000 Medical allowance 15,500 School arranged medical insurance for her and her family as well She is also working as part time internal auditor in difference companies and earn PKR 2,000,000 in year She paid zakat in cash of PKR 100.000 - during the year She paid donation in cash to her friend's NGO of PKR30,000/- She purchased life insurance policy with premium of PKR 500,000/- Calculate taxable income and tax liability of Samia for current tux year
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