How to save Tax on Salary Income | 4 Ways to save Tax | Credit | Reduction | Income Tax

How to save Tax on Salary Income | 4 Ways to save Tax | Credit | Reduction | Income Tax | FBR |

Рет қаралды 14,769

2 ай бұрын

Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
Click on below WhatsApp link for further details of Practical Taxation Course
wa.me/message/5BNUTBJFAPHUN1
Income tax Includes
1. Section-149 Income from Salary
2. Section-155 Income from Property
3. Section-153 Payment of goods, service and contract
4. Section-147 Advance income tax
5. Section-148 Import
6. Section-231AA and 236P Advance tax on certain banking transection
7. Section-231B Advance tax at the time of registration of private motor vehicle
8. Section-235A Tax collection from domestic electric bills
9. Section-236 Tax collection from telephone users
10. Section-236B Advance tax on purchase of domestic air ticket
11. Section-236F Advance tax on cable operator and other electronic media
12. Section-236G Advance tax on sale to distributor, dealer and wholesalers
13. Section-236H Advance tax on sale to retailers
14. Section-236I Advance tax by educational institutions
15. Section-236U Advance tax on insurance premium
16. Section-236X Advance tax on Tobacco
17. Section-236Y Advance tax on remittance abroad through credit, debit or prepaid cards
18. Fine and penalties
19. Section-177 Audit
20. Treatment of provision for bad and doubtful debts
Sale Tax Includes
1. What is sale tax or indirect tax and concept of VAT
2. Difference between Input and Output tax
3. Further tax and extra tax
4. Calculation of Sale tax
5. Advance sale tax
6. Withholding Sale tax
7. Debit and credit notes
8. Admissible credit
9. Annexure A, B, C, F,H, J and I with practical example
10. Supply and purchase register
11. Stock or consumption sheet
12. Concept of Punjab Revenue Authority (PRA) and Sindh Revenue Authority (SRB)
E-Filing
1. Monthly sale tax return
2. Withholding Statement
3. Reconciliation of sale tax return
4. Reconciliation of wealth
5. Annual income tax return of Salary Individual
6. Annual income tax return of Company
7. Annual income tax return of Business Individual / Retailer or Trader
8. Annual income tax return of AOP
All above section will be cover with practical example and online filing.
Regards,
Faheem Mehboob
ACCA Member
03007574731

Пікірлер: 88

@raziuddin4516 2 ай бұрын

Faheem Bahi very thanks

@faheempracticallearning 2 ай бұрын

👍

@ranamuhammadashfaq Ай бұрын

Waao great work Respected Sir jee

@faheempracticallearning Ай бұрын

👍

@KashifAli-lh8zu Ай бұрын

Excellent as always👍

@faheempracticallearning Ай бұрын

👍 👍

@SuperEvo1990 2 ай бұрын

Very good info, The Reason for very few exemptions is there is only a small amount of salaried class that can take benefit of these exemptions. We must lobby to reduce taxes like the Steel, Automobile, and chicken Mafia lobbies the government. elites have far more favourable tax schemes and should be paying more taxes. But It's easier to steal from the weak salaried class.

@abumuaviyah Ай бұрын

Donation fund 13 ,schedule me reg org k liye eligible he ya Section 2(36)(c )k mutabiq har registered trust k liye he hoga?

@Jjr-sk7vr Ай бұрын

Ziada set ziada Kitni quantity show kar saktay hein first time returns mey shadi kay gold/jewellery gifts ki

@zahidrasool4222 2 ай бұрын

Assalamualaikum. Dear Fahim sahib. Can I get the format of the salary tax exemption chart..

@GhauriDr 2 ай бұрын

Thanks a lot. Very useful and informative. Please explain about pension funds. Pension Benefit Account of National Savings Center also included in this one...?

@faheempracticallearning 2 ай бұрын

Yes sure, in future, I will explain

@arslaniqbal7581 2 ай бұрын

Faheem bhai Zakat deducted from bank account provide benefit of dedcution? Or only Zakat deducted under Ushr Ordinance 1980 will provide dediction benefit? Please expalin

@docmak-1256 23 күн бұрын

Salam. Thankyou for video. Sir ma 2021 se salaried aur filer hun. Lekin aj jab ma salaried tax file kiya along with total annual saley and income tax jo company khud deduct karti hai, aur sath ma jo bank se profit aya wo aur uska WHT b enter kiya. Jab last ma computation of taxes kiya to portal show kar raha k jo mujhy bank profit py witholding tax deduct hua wo plus ma tax refundable show horaha hai. To ye thek hy ? Ye refund hojaega?

@UMAIRGULZARVOHRATAX Ай бұрын

I file sale tax return on 21st may and sale tax submitt but it was save provisional draft because our supplier doesn't sumbit return till 31st may and now invoice delet from claim list.plz s peh video banen how to file this return??

@finance79campus48 Ай бұрын

Dear Sir, If employee give medical allowance as well as medical insurance will we able to received 10% exemption on basic salary?

@umarazmat Ай бұрын

what if u pay donation or zakat paid by cash to individual and not to company or organization?

@sheerazahmed2689 23 күн бұрын

Can we assume 10 % medical on our income ?? Any restrictions of basic or gross ??

@muhammadsarwartasleem4634 19 күн бұрын

Sir govts servants apnay gpfund niklwaty waqt Jo zakat katwaty hn.kia us ki exemtion l sakty hn.

@faheempracticallearning 19 күн бұрын

@@muhammadsarwartasleem4634 no

@mrabidbilal 2 ай бұрын

Sir, under which section the credit on donation is available?

@wickedsatan1 Ай бұрын

Savings account pr zakat deduct hui. Is it final or adjustable?

@ilimuddinpanhwar928 Ай бұрын

Which zakat we can add into tax for saving tax zakat deducted by the Bank or zakat given by the individual to any religious organisation?

@adnanshamsi5426 21 күн бұрын

Our company is offering medical insurance to employees so can we avail 10 % medical allowance tax exemption?

@iqataxconsultants4627 Ай бұрын

any donation? kisi individual ko bhi donation ka credit mily ga?

@sagheeranvar165 Ай бұрын

Bhai jan psx main cgt deduction hoti hy.kiya cgt tax main adjust ho skta hy

@faheempracticallearning Ай бұрын

@rizwanwaheed3073 Ай бұрын

person fund withdrawal wali trick explain ker dain please.

@ahsanlive 2 ай бұрын

Assalamu Alikum Sir With due respect, as I know,medical amount exempt only 65@% basic of 10% medical exempt, any withheld tax amount which can be adjustable from the tax amount like under section 236 and other as well, ptcl, mobile phone, internet bill and vehicle tax etc. However, thanks for the nice informative videos.

@faheempracticallearning 2 ай бұрын

10% of basic Salary, pls read exemption rules, further in this lecture, we just discussed about credit, whereas advance tax always adjustable, watch previous lectures for complete understanding

@nationsnarrative8418 Ай бұрын

@@faheempracticallearningbrother ye exemption rules kidr se milen ge

@faheempracticallearning Ай бұрын

@@nationsnarrative8418 available in income tax law

@knowledgestudioltd.6832 2 ай бұрын

Faheem Bhai Zakat or Donations ki deduction sb per allow ha ya pir only approved institutions which are mentioned in ITO

@faheempracticallearning 2 ай бұрын

Zakat, if deducted, by bank Donation approved institution

@tahahussain4179 Ай бұрын

agar aap ki deuctions he jesy mobile /car, property registration ki advance tax ki is ka evidence apny employer ko dy kr apni deduction on salary bhi km krwa skty he. u/s 149

@faheempracticallearning Ай бұрын

Yes all adjustable

@shoaibamjad3626 Ай бұрын

Sir ye kasy adjust ho ga sb

@Israfaisal800 2 ай бұрын

1.2 million per annum pr tax slab shuru hoti ha ya 6 lakh pr hi start ho jati ha

@faheempracticallearning 2 ай бұрын

Yes

@ImranKhan-er6su Ай бұрын

Sir, where to find the updated allowable tax credit? which section?

@faheempracticallearning Ай бұрын

Read exemption

@MMFH445 Ай бұрын

Agar aik tax year mein koi salary/income na ho to phir bhi tax return file karni ho ge?

@faheempracticallearning Ай бұрын

If have NTN, thn need to file

@MuhammadFarooq-tb5nc Ай бұрын

How to get credit before year end. Please explain the procedure

@faheempracticallearning Ай бұрын

Not available, only advance tax can be adjust

@ShafqatJatoi 2 ай бұрын

What about insurance like state life insurance credit??

@faheempracticallearning 2 ай бұрын

Omitted now

@msahilmultipal4506 2 ай бұрын

Faheem bhai jin ki salary se tex kat liya jata wo kia krain

@faheempracticallearning 2 ай бұрын

Same process

@Hashim3447 Ай бұрын

To avail these exemptions, needs to provide vouchers etc regarding these exemptions. Please guide

@faheempracticallearning Ай бұрын

Yes

@Hashim3447 Ай бұрын

@@faheempracticallearning regarding medical expenses. Vouchers/Consultation can be dependent of salaried person?

@perveziqbal1290 Ай бұрын

SIR agar ham 20 million ki property purchase karty han.Please let me guide k Income tax return me proprty ki value actual show karen ge ya wo value jis per ham 236k advance tax pay karty han yani FBR valuation rate show karen ge...please let me guide....THANKS

@faheempracticallearning Ай бұрын

Watch relevant lecture of property tax

@perveziqbal1290 Ай бұрын

@@faheempracticallearning which lecture?can you share link,because there are so many lectures on this topic...thanks

@dilawarkhan9759 19 күн бұрын

DC Rate

@farooquibhai5696 Ай бұрын

Donations aur zakah ki pakki receipt chahiye hungi?

@faheempracticallearning Ай бұрын

It must be from registered institutions

@iqataxconsultants4627 Ай бұрын

full-time teacher ko define kr len pls. only govt teachers pls

@itsarsalansaeed 2 ай бұрын

AoA. I worked at a company this fiscal year for 9 months from July to April. The company deducted tax from my salary but didn't pay it to FBR. I don't have any salary slips but have the offer letter which mentions the gross salary and net salary. Salary was paid through bank and company is registered in Pakistan. Can I claim the tax deducted in my return even though the company will not pay it to FBR? If not, what options do I have?

@faheempracticallearning 2 ай бұрын

W.salam, ask the company to share CPR after payment of tax, no CPR no claim from FBR , push them to share and deposit

@itsarsalansaeed 2 ай бұрын

@@faheempracticallearning they have refused to pay it to FBR 😞 Will I have to pay the tax again directly to FBR? Is there a way to complain about this to FBR?

@faheempracticallearning 2 ай бұрын

@@itsarsalansaeed push them to deposit

@darkraipk360 2 ай бұрын

Sir what is the amount of salary. ? May I help you

@itsarsalansaeed 2 ай бұрын

@@darkraipk360 around 4 million

@Jjr-sk7vr 2 ай бұрын

Kia drivers, house servants,mali etc ki income salary income mey aati hey?

@faheempracticallearning 2 ай бұрын

Yes part of taxable salary, as per law any benefit received from employer is taxable

@naseerkhan925 2 ай бұрын

Yes any type salary included taxable if reached theresholds. Taxable salary theresholds is Rs. 600000/ per anum

@faheempracticallearning 2 ай бұрын

@@naseerkhan925 👍

@user-fi7qx7cy4s 2 ай бұрын

پہلی دفعہ ٹیکس ریٹرن فائل کرتے وقت جو پراپرٹی شو کی جاتی ہے کیا اس کی ویلیو لکھنا ضروری ہے

@faheempracticallearning 2 ай бұрын

Yes, need to mention value

@aliusmanhashmi5222 2 ай бұрын

🤲🏻😇👍

@faheempracticallearning 2 ай бұрын

👍

@Muslimmemon 2 ай бұрын

Children school fee ???

@faheempracticallearning 2 ай бұрын

Part of normal expenses

@abumuaviyah 2 ай бұрын

ہر قسم کا زکوٰة منہا ہوتا ہے یا بینک سے کٹنے والا ؟

@faheempracticallearning 2 ай бұрын

Bank

@muhammadadeelsheikh9448 2 ай бұрын

Sir Aap Question Ka Reply Hi Nahi Kartye

@faheempracticallearning 2 ай бұрын

Which question?

@muhammadadeelsheikh9448 2 ай бұрын

@faheempracticallearning I am Asking you Lots of Questions on WhatsApp but you Never answered me any Questions

@muhammadaslam9284 Ай бұрын

Trickster

@faheempracticallearning Ай бұрын

👍

@abumuaviyah 2 ай бұрын

اگر کسی پینشن فنڈز میں ٹیکس کریڈٹ لیا تو اگلے سال فنڈز نکالنے پر کمپنی جتنا ٹیکس کریڈٹ لیا ہے وہ ریفنڈ کرتے وقت کاٹ لے گی۔

@faheempracticallearning 2 ай бұрын

No, time limt

@abumuaviyah 2 ай бұрын

@@faheempracticallearning کمپنی کا مطلب میوچل فنڈز میں جو پینشن فنڈز میں انویسمنٹ کی ہے۔اسکی بات کررہا ہوں۔ جون میں ٹیکس کریڈٹ لیا۔اور اگلے سال جولاٸی ریفنڈ کرولیا تو پینشن کمپنی واپس ٹیکس کریڈٹ کاٹ لیتی ہے

@abumuaviyah Ай бұрын

Section 61 tax credit jab tak employer ko jama Na karaen ye faIda bekar he. kia employer ko law k tehat tax credit 61 haasil karne during the year submit karsakte hen ? @faheempracticallearning