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mis ID #26752 TAx slab is 2019 /2020 according to pakistan Tax Law Q. No 2: During the year ended on June 2020 Mr. Hussain
mis ID #26752
TAx slab is 2019 /2020 according to pakistan Tax Law
Q. No 2: During the year ended on June 2020 Mr. Hussain who is also a teacher. Calculate his Tax Payable (12 Marks) Basic Salary (MIS ID-2000-1,000,000) MIS ID * 33 Cost of Living Allowance MIS ID * 3 Special Pay MIS ID * 2 Accommodation Facility MIS ID * 3 Medical Bill Reimbursement MIS ID * 6 Leave Encashment MIS ID * 3 Uniform Allowance MIS ID * 2 Telephone Bill paid by Employer MIS ID * 3 Loan to Employee @ 1% MIS ID * 48 Share of AOP MIS ID * 3 Donation at Source MIS ID / 2 Health Insurance MIS ID * 4 Tax Paid on Purchase of Vehicle MIS ID Contribution in RPF by Employee and same amount by Employer MIS ID * 6 Interest @ 19% MIS ID * 3 Q. No 2: During the year ended on June 2020 Mr. Hussain who is also a teacher. Calculate his Tax Payable (12 Marks) Basic Salary (MIS ID-2000-1,000,000) MIS ID * 33 Cost of Living Allowance MIS ID * 3 Special Pay MIS ID * 2 Accommodation Facility MIS ID * 3 Medical Bill Reimbursement MIS ID * 6 Leave Encashment MIS ID * 3 Uniform Allowance MIS ID * 2 Telephone Bill paid by Employer MIS ID * 3 Loan to Employee @ 1% MIS ID * 48 Share of AOP MIS ID * 3 Donation at Source MIS ID / 2 Health Insurance MIS ID * 4 Tax Paid on Purchase of Vehicle MIS ID Contribution in RPF by Employee and same amount by Employer MIS ID * 6 Interest @ 19% MIS ID * 3Step by Step Solution
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