Mr. Jameel is an officer in an autonomous organisation. He is in pay scale of (Rs. 150000-10000-250000). During the tax year he received Rs. 2400000 as basic salary. Moreover, he also received the followings:
Rs.
i. Dearness Allowance
18000
ii. Cost of Living Allowance
24000
ili. Bonus
20000
iv. Commission
30000
The employer of Mr. Jameel has also provided the services of a driver and a housekeeper. The organisation paid Rs. 40000/- per month to each of these employees.
Compute the Taxable Income of Mr. Jameel and tax liability.
(b) Consider the details provided regarding Mr. Jameel (in question 6.a) and incorporate
(10)
additional details for perks provided by the organization during the year. The organization also paid the domestic bills of Mr. Jameel including Telephone Rs. 12000; Water Rs. 6000; Electricity Rs. 9600 and Gas Rs. 4800. Calculate the taxable income and tax liability of Mr. Jameel by considering these utility/facilities.
Note: Calculations for Question 6 a. and 6 b. should be based on the tax rates given
\begin{tabular}{|c|c|c|} \hline S\# & Taxable Income & Rate of Tax \\ \hline 1 & Up to Rs 600,000 & 0% \\ \hline 2 & Rs. 600,001 to Rs. 1,200,000 & 2.5% of the amount exceeding Rs. 600,000 \\ \hline 3 & Rs 1,200,001 to Rs 2,400,000 & Rs 15,000+12.5% of the amount exceeding Rs 1,200,000 \\ \hline 4 & Rs 2,400,001 to Rs 3,600,000 & Rs 165,000+20% of the amount exceeding Rs 2,400,000 \\ \hline 5 & Rs 3,600,001 to Rs 6,000,000 & Rs 405,000+25% of the amount exceeding Rs 3,600,000 \\ \hline 6 & Rs 6,000,001 to Rs 12,000,000 & Rs 1,005,000+32.5% of the amount exceeding Rs 6,000,000 \\ \hline 7 & Above Rs 12,000,000 & Rs 2,955,000+35% of the amount exceeding Rs 12,000,000 \\ \hline \multicolumn{3}{|c|}{ Tax Rates for AOPs and Non-salaried persons (First Schedule, Part-I, Division-I) } \\ \hline S\# & Taxable Income & Rate of Tax \\ \hline 1 & Up to Rs 600,000 & 0% \\ \hline 2 & Rs 600,001 Rs 800,000 & 5% of the amount exceeding Rs 600,000 \\ \hline 3 & Rs 800,001 Rs 1,200,000 & Rs 10,000+12.5% of the amount exceeding Rs 800,000 \\ \hline 4 & Rs 1,200,001 Rs 2,400,000 & Rs 60,000+17.5% of the amount exceeding Rs 1,200,000 \\ \hline 5 & Rs 2,400,001 Rs 3,000,000 & Rs 270,000+22.5% of amount exceeding Rs 2,400,000 \\ \hline 6 & Rs 3,000,001 Rs 4,000,000 & Rs 405,000+27.5% of the amount exceeding Rs 3,000,000 \\ \hline 7 & Rs 4,000,001 Rs 6,000,000 & Rs 680,000+32.5% of the amount exceeding Rs 4,000,000 \\ \hline 8 & More than Rs 6,000,000 & Rs 1,330,000+35% of the amount exceeding Rs 6,000,000 \\ \hline \end{tabular} (a) Mr. Jameel is an officer in an autonomous organisation. He is in pay scale of (Rs. 150000-10000-250000). During the tax year he received Rs. 2400000 as basic salary. Moreover, he also received the followings: (10) The employer of Mr. Jameel has also provided the services of a driver and a housekeeper. The organisation paid Rs. 40000/- per month to each of these employees. Compute the Taxable Income of Mr. Jameel and tax liability. (b) Consider the details provided regarding Mr. Jameel (in question 6.a) and incorporate (10) additional details for perks provided by the organization during the year. The organization also paid the domestic bills of Mr. Jameel including Telephone Rs. 12000; Water Rs. 6000; Electricity Rs. 9600 and Gas Rs. 4800. Calculate the taxable income and tax liability of Mr. Jameel by considering these utility/facilities. Note: Calculations for Question 6a. and 6b. should be based on the rates applicable to the Tax Year 2022. Page 2 of 3 \begin{tabular}{|c|c|c|} \hline S\# & Taxable Income & Rate of Tax \\ \hline 1 & Up to Rs 600,000 & 0% \\ \hline 2 & Rs. 600,001 to Rs. 1,200,000 & 2.5% of the amount exceeding Rs. 600,000 \\ \hline 3 & Rs 1,200,001 to Rs 2,400,000 & Rs 15,000+12.5% of the amount exceeding Rs 1,200,000 \\ \hline 4 & Rs 2,400,001 to Rs 3,600,000 & Rs 165,000+20% of the amount exceeding Rs 2,400,000 \\ \hline 5 & Rs 3,600,001 to Rs 6,000,000 & Rs 405,000+25% of the amount exceeding Rs 3,600,000 \\ \hline 6 & Rs 6,000,001 to Rs 12,000,000 & Rs 1,005,000+32.5% of the amount exceeding Rs 6,000,000 \\ \hline 7 & Above Rs 12,000,000 & Rs 2,955,000+35% of the amount exceeding Rs 12,000,000 \\ \hline \multicolumn{3}{|c|}{ Tax Rates for AOPs and Non-salaried persons (First Schedule, Part-I, Division-I) } \\ \hline S\# & Taxable Income & Rate of Tax \\ \hline 1 & Up to Rs 600,000 & 0% \\ \hline 2 & Rs 600,001 Rs 800,000 & 5% of the amount exceeding Rs 600,000 \\ \hline 3 & Rs 800,001 Rs 1,200,000 & Rs 10,000+12.5% of the amount exceeding Rs 800,000 \\ \hline 4 & Rs 1,200,001 Rs 2,400,000 & Rs 60,000+17.5% of the amount exceeding Rs 1,200,000 \\ \hline 5 & Rs 2,400,001 Rs 3,000,000 & Rs 270,000+22.5% of amount exceeding Rs 2,400,000 \\ \hline 6 & Rs 3,000,001 Rs 4,000,000 & Rs 405,000+27.5% of the amount exceeding Rs 3,000,000 \\ \hline 7 & Rs 4,000,001 Rs 6,000,000 & Rs 680,000+32.5% of the amount exceeding Rs 4,000,000 \\ \hline 8 & More than Rs 6,000,000 & Rs 1,330,000+35% of the amount exceeding Rs 6,000,000 \\ \hline \end{tabular} (a) Mr. Jameel is an officer in an autonomous organisation. He is in pay scale of (Rs. 150000-10000-250000). During the tax year he received Rs. 2400000 as basic salary. Moreover, he also received the followings: (10) The employer of Mr. Jameel has also provided the services of a driver and a housekeeper. The organisation paid Rs. 40000/- per month to each of these employees. Compute the Taxable Income of Mr. Jameel and tax liability. (b) Consider the details provided regarding Mr. Jameel (in question 6.a) and incorporate (10) additional details for perks provided by the organization during the year. The organization also paid the domestic bills of Mr. Jameel including Telephone Rs. 12000; Water Rs. 6000; Electricity Rs. 9600 and Gas Rs. 4800. Calculate the taxable income and tax liability of Mr. Jameel by considering these utility/facilities. Note: Calculations for Question 6a. and 6b. should be based on the rates applicable to the Tax Year 2022. Page 2 of 3
