Question
From the following data, calculate the tax payable by Mr. Sohail Aslam for the year ended 30th June, 2019; a)Salary Rs. 195,000/- p.m b)Special Pay
From the following data, calculate the tax payable by Mr. Sohail Aslam for the year ended 30th June, 2019;
a)Salary Rs. 195,000/- p.m
b)Special Pay Rs. 25,000/- p.m
c)Bonus for the year Rs. 585,000/-
d)Conveyance allowance Rs. 15,000/- p.m
e)Free accommodation provided by the employer. He was entitled to a house allowance of Rs. 420,000/-
f)Medical expenses reimbursed by his employer under the contract of employment Rs. 24,000/-
g)Zakat paid under Zakat Ordinance during the year Rs. 48,000/-
h)Donation to approved charitable institutions under section 61 Rs. 500,000/-
i)Legal expenses during the year Rs. 30,000/-
j)Amount paid for approved pension scheme during the year Rs. 190,000/-
k)Shares of listed companies Purchased Rs. 1000,000/-
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