Is video me aap ne kaha salary k tax return k hawaly se ham ne pehly video bnai hyn. Us video ka link share kar dain.thanks Aik suggestion hy video me ksi previous video ka reference dain to us ka link bhi "i button" me de diya kren.
Aoa sir and sir Jo person ntn holder ho and koi income nai just register hi hova hai and Kiya osko be tajir dost scheme Mai register hona lazmi hai ager just wo family dependent ho
Sir ek sawal... MEDICAL allowance sirf usi condition mai 10% of basic salary exempt hogi agar salary mai employer sy medical allowance mil raha? Ya Medical Allowance na bhi mil raha ho just Simple hamain salary mil rahi ho usmai sy bhi 10% exempt kr sakty taxable income compute krty hue
Car (conveyance) given by company and car is registered on company title, given for convenience company use and company give petrol allowance on monthly basis. Is petrol allowance taxable or exempted ? Can we treat it in the reimbursement portion?
Agar PF company invest na Karay aur employee KO company chornay par employee or employer contribution Di Jaye tau Kia employer contribution taxable hau gi employee Kay liayay?
Nice Video We request please batain key Agar comapany kee taraf sey fuel allowance miley to kya is per bhi tax lagey ga aur isks FBR ka circulat number ky hey please is per bhi video bana dein thanks
Aoa sir, Sir I have a question, if person is neither drawing House rent Allowance and not taking housing facility like official accommodation or House rent subsidy from employer. In this case, is employer will add House rent allowance i.e 45%of basic salary in income from salary for tax purpose???
Assalamualaikum sir, my question is, if company is deducting income tax from my salary but not submitting to fbr on my behalf, then what i can do. How i can file a return in this scenario. Please guide.
@@faheempracticallearning tou kub tuk ki returns n data save rukhyen august 2024 ka baad aubhi 2024 ki return file nahi ki tou kub tuk ka pervious data save rukhyen sir
Sir, gratuity se related sawal he. aik aadmi ko 6 saal baad aik private company se job chorne par around 600K ki gratuity mili. Us par kitna tax hoga ?
Agar company Medical Card (IGI, Jubliee) card day, to kya phir b 10% Medical exemptions millay gi? Agar detail video hai to please link share kar day, mujay search ma milli nai. Shukkria
@faheempracticallearning Sir aik lecture multiple sources of income ki return k liye bnayen please. For example, a person is getting salary/pension + small shop + rental income + agri income etc. Us main har income head k liye slabs ko dekhain gy ya overall 600000 se ziyada income hogi tu tax bny ga. E.g. agr rental income 250000, pension 200000, business income 370000 hai. Ab rental income 300000 tk exempted hai, business income 400000 tk aur pension waisy hi exempted hai. Laikin iski total income 600000 se ziyada ho gai hai tu uska tax bny ga ya nahin
Salaray main jo incime tax deducted hota hay kia wo personal exoenses main jo column hay rates/taxes/charges/cess, us column main likhna hota hay ya nai ? Agar adjustable tax main sirf likhay to wo jo amount incime tax main jati hay wo kahi show nai hoti Is ko zara explain kar de For example Gross Salary. 1,000,000/- Income tax deducted in salray 25000/- Agar ye 25 thousand sirf adjustable taxes main show karay to ye kahi expenses se minus nai hota ye saving karna parta hay Plz explain
@@faheempracticallearning Sir, you would be aware that WPP is now Provincial subject and all the provinces have their own WPP. Whereas the WPP in ITO is federal law. So still the WPP of provinces will still exempt?
Dear Fahim sb. Assalam-o-Alaikum. If someone (non relative) send amount from abroad to a resident person as a gift through banking channel. Where it will appear in Income tax/wealth tax return of the resident individual. and what about its taxability? Please guide. thanks
Aoa Sir, I'm a government teacher and my salary is deducted under heads of Medical Allowance,BF, GPF and Group insurance. Are all these amounts exempted from tax?
سوائے پرائیویٹ ملازمین کے اور پراپرٹی سیکٹر کے باقی کوئی بھی ٹیکس نہیں دیتا۔ سرکاری ملازمین کی تنخواہ سے جو کچھ بھی ٹیکس کی مد میں رکھا جاتا ہے وہ پہلے ہی ٹیکس کے پیسے ہیں جو وہ لے رہے ہیں اور اسی ٹیکس کے پیسوں میں سے کچھ معمولی سی رقم حکومت ہولڈ کرتی ہے جسے یہ لوگ ٹیکس کہتے ہیں۔ اصل ٹیکس صرف وہی لوگ دیتے ہیں جو سرکاری سسٹم کے باہر ہیں اور پیسے دے رہے ہیں۔
Assalamu Alikum Sir, Kindly explain Full and Final Settlement of an Employee by a employer, which amount is taxable and Which is not like, 1) Gratuity for 20 years @ 70,000= 1,400,000/ 2) Salary 20 days @ 70,000 3) Six months bonus @70,000 4) 20 years service extra bonus 20,000 5) 42 days Earned Leave 6) 16 days Overtime 43,0000 Thank You.
Very good lecture faheem bahi
👍
Is video me aap ne kaha salary k tax return k hawaly se ham ne pehly video bnai hyn. Us video ka link share kar dain.thanks
Aik suggestion hy video me ksi previous video ka reference dain to us ka link bhi "i button" me de diya kren.
sir medical allowence kon si clause k tehat tax exempted hy?
Aoa sir and sir Jo person ntn holder ho and koi income nai just register hi hova hai and Kiya osko be tajir dost scheme Mai register hona lazmi hai ager just wo family dependent ho
Sir ek sawal... MEDICAL allowance sirf usi condition mai 10% of basic salary exempt hogi agar salary mai employer sy medical allowance mil raha?
Ya Medical Allowance na bhi mil raha ho just Simple hamain salary mil rahi ho usmai sy bhi 10% exempt kr sakty taxable income compute krty hue
Under section 151 A 11% income tax deduct hota ha . Return ma ye kahan adjust krana ha plz?
Car (conveyance) given by company and car is registered on company title, given for convenience company use and company give petrol allowance on monthly basis. Is petrol allowance taxable or exempted ? Can we treat it in the reimbursement portion?
pls make a video how to pay 236 h tax old software efbr for excel file wth many cnic ---manual entry is possible only for few
@@meetshayan yes sure.
Aoa
Is bank profit after deduction of income tax on saving account included in income.
Please guide about treatment of Honorarium given to Government employee by his Department.....will it be treated as gratuity?
Rent allowance is exemted from incomee tax?
Agar PF company invest na Karay aur employee KO company chornay par employee or employer contribution Di Jaye tau Kia employer contribution taxable hau gi employee Kay liayay?
In that case, only employer, contribution is taxable
@faheempracticallearning thanks 🙏. Really grateful for your service to the general public.
@therightperspective1746 👍
Nice Video We request please batain key Agar comapany kee taraf sey fuel allowance miley to kya is per bhi tax lagey ga aur isks FBR ka circulat number ky hey please is per bhi video bana dein thanks
Yes sure
Sir, if PF is not recognized then all amount is taxable ? Tax already paid on employee deduction amount , what will be treatment ?
Plz make a video on how to save tax on salary....
already have, pls check previous lecture
Aoa sir, Sir I have a question, if person is neither drawing House rent Allowance and not taking housing facility like official accommodation or House rent subsidy from employer. In this case, is employer will add House rent allowance i.e 45%of basic salary in income from salary for tax purpose???
Please add reference against all exemptions.
Thank you
@@checking6663 read comments, already added
PLEASE LECTURE ON WPPF AND PF (HOW TO REGISTERED AND OTHER RELEVANT ISSUES)
Yes, sure, in future
Thanks for the educating us. How to mention qoumi bachat income or bank TDR income and tax
Sir is the law provide any specific formula to limit the basic salary portion for 10% exemption as a medical allowance?
Yes 10% maximum
Loan waly point ko mazeed explain krain. Kesy ye salary income se less ho ga?
Pls watch employees loan lecture
@@faheempracticallearning link of that video pls
@@tahiraliamin3987 search named employee loan taxable
Salary return easy formula is salary equal, expense+assets
Pls watch salary return complete lecture for proper understanding
isn't Medical Allowance up to 10% of Basic is now ommitted?
basic
Salaam Sir, please guide. There are 5 heirs to the inherited property. On Form 7B, should we show the value of just one share or the entire property?
W.salam, report as per ownership
@@faheempracticallearningthank you for your response. FMV ma tu full amount ai gi? Ya ownership amount
@@altafamirali4946 based on your share
Widow jo pensioner b ho ,,wo tax me kia kia benefit ly sakti he ,,plz make detail video on this topic ,,mosly widows bht pareshan he
Yes sure.
Sir what about fule cards given by companies to their employees?
any benefit from company to employees is taxable,
Assalamualaikum sir, my question is, if company is deducting income tax from my salary but not submitting to fbr on my behalf, then what i can do. How i can file a return in this scenario. Please guide.
2018 ki return ka audit 2024 ki return file kurney kay baad aa sukta hai kia sir 6 year Ka record Wala kia rule hai sir thanks
Yes,
@@faheempracticallearning Yani august 2024 hogaya hai audit notice aub nahi issue ho rahey tou 2018 ka record delete kurdain sir? Thanks,.
@@FaQu-u3v no, they case share, they have right
@@faheempracticallearning tou kub tuk ki returns n data save rukhyen august 2024 ka baad aubhi 2024 ki return file nahi ki tou kub tuk ka pervious data save rukhyen sir
@@faheempracticallearning simple income tax ka data august 2024 kay baad kub tuk ka save rukhyen thanks
Sir if a certain amount is being paid to the workers in the form of canteen allowance is it taxable or not
Yes taxable
Sir, gratuity se related sawal he. aik aadmi ko 6 saal baad aik private company se job chorne par around 600K ki gratuity mili. Us par kitna tax hoga ?
if approved Gratuity scheme, thn no tax, if unapproved, thn 75K is exempt, and remining amount is taxable
@@faheempracticallearning Sir, thanks for the reply. But how does one know whether he got his gratuity from approved or non-approved scheme ?
@@ShoqiyaTechie check from company/ employer
Sir if a certain amount is being paid to the workers in the form of canteen allowance Is it taxable or not
@@LiaqatKhan-s9q yes taxable
Tell me if son take loan from father 50 lax both are filler then any tax
No, but it must be reported in both tax returns
Agar company Medical Card (IGI, Jubliee) card day, to kya phir b 10% Medical exemptions millay gi?
Agar detail video hai to please link share kar day, mujay search ma milli nai.
Shukkria
Sir kindly quote reference for exemption on education expenses and lone and exemption on medical for discussion with paying authority please
Clause 139 part 1 of 2nd schedule
Clause 53A Part 1 of 2nd schedule
Section 13(7) (8) (14)
Koi document ha iska as per law .
all as per, pls read exemption / 149 section
Pensioners k liye return kaisy file hogi aur pension exempted from tax hai ya nahin?
Yes exempt
@faheempracticallearning Sir aik lecture multiple sources of income ki return k liye bnayen please. For example, a person is getting salary/pension + small shop + rental income + agri income etc. Us main har income head k liye slabs ko dekhain gy ya overall 600000 se ziyada income hogi tu tax bny ga. E.g. agr rental income 250000, pension 200000, business income 370000 hai. Ab rental income 300000 tk exempted hai, business income 400000 tk aur pension waisy hi exempted hai. Laikin iski total income 600000 se ziyada ho gai hai tu uska tax bny ga ya nahin
@@coderounds460 yes sure.
Salaray main jo incime tax deducted hota hay kia wo personal exoenses main jo column hay rates/taxes/charges/cess, us column main likhna hota hay ya nai ?
Agar adjustable tax main sirf likhay to wo jo amount incime tax main jati hay wo kahi show nai hoti
Is ko zara explain kar de
For example
Gross Salary. 1,000,000/-
Income tax deducted in salray 25000/-
Agar ye 25 thousand sirf adjustable taxes main show karay to ye kahi expenses se minus nai hota ye saving karna parta hay
Plz explain
100% valid question. Mujeh bhi kafi research kay baad yehi samajh aya keh isko Expense kay is hi column ma show kiya jaye.
Expence k tax column me show kr dy
Faherm sahib Iris me section 62 remove hugaya he Kia?? Insurance premium Ka tax rebate kese wapis len
Yes rebate already omitted
Kia hum apni return Mai 10% of basic salary or actual medical allowance whichever is less apply kr skty ha
Put total income tax and report 10% medical allowance in exempt tab
10 % or actual m allowance which ever is less ?
@@mazharmalik5329 no, pls watch medical allowance lecture, for complete understanding
@@faheempracticallearning lecture link plz ?
why epayments not shifted to iris
May be by the end of this year, it will be done
Please tell more about WPPF Amount
@@AGL-p6f exempt
GPF is deducted from Salary of government employee, is it exempted too?
@@nailagul5651 yes
@@faheempracticallearning
Kesy . Jb hm return file krtay Hy to gross salary likty Hy us my GP fund bi ha gata Jo deduct hoha hota hy
Car k ly section ref. Kr dan plz.
Section 13
Jo pakistan mein embassy mein job kr rahy hai unhy salary pr exemption hai??
Boss agar additional responsibility allowance employee ko mil raha ho tu us pay tax ho ga
Yes taxable
@@faheempracticallearning Jazakallah
@@751987007ut 👍
Sir, I did not find anything in ITO which gives exemption on WPPF. Please give some reference.
Clause 26 Part 1 of 2nd schedule
@@faheempracticallearning Sir, you would be aware that WPP is now Provincial subject and all the provinces have their own WPP. Whereas the WPP in ITO is federal law. So still the WPP of provinces will still exempt?
@@mrabidbilal our topic under discussion is WPPF , not WWF, pls watch lecture again for complete understanding
@@mrabidbilal out topic under discussion is WPPF not WWF, pls watch complete lecture for better understanding, and clear your concepts
@@faheempracticallearning Sir the WPPF is also now Provincial subject.
Pensioners salary class mein count hotay hein ya nhi
Yes
Dear Fahim sb. Assalam-o-Alaikum. If someone (non relative) send amount from abroad to a resident person as a gift through banking channel. Where it will appear in Income tax/wealth tax return of the resident individual. and what about its taxability? Please guide. thanks
@@muhammadrafique1048 how much amount?
@@faheempracticallearning PKR 1 Million
@@muhammadrafique1048 report as foreign remittance
@@faheempracticallearning any tax consideration as it is non relative case
@@muhammadrafique1048 just report in wealth
What about fuel?
Fuel expense paid by company, either personal or office.
If paid with salary a fixed amount then taxable, normally companies issued fuel card, and directly paid to fuel companies, thn not taxable
Please make a clip on government contractor tax return
Yes sure.
Aoa Sir,
I'm a government teacher and my salary is deducted under heads of Medical Allowance,BF, GPF and Group insurance. Are all these amounts exempted from tax?
W.salam for government employees, just follow the rules, because your tax already deducted as per law.
@@faheempracticallearningIn return ,we add gross pay in Salary head ,so these exempted amount are required to be added?
@nailagul5651 yes check how much tax is calculated, to the extent that amount is under normal tax option, other balances all report in exempt, option
@@faheempracticallearning jazakAllah khair
@@nailagul5651 👍
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سوائے پرائیویٹ ملازمین کے اور پراپرٹی سیکٹر کے باقی کوئی بھی ٹیکس نہیں دیتا۔
سرکاری ملازمین کی تنخواہ سے جو کچھ بھی ٹیکس کی مد میں رکھا جاتا ہے وہ پہلے ہی ٹیکس کے پیسے ہیں جو وہ لے رہے ہیں اور اسی ٹیکس کے پیسوں میں سے کچھ معمولی سی رقم حکومت ہولڈ کرتی ہے جسے یہ لوگ ٹیکس کہتے ہیں۔
اصل ٹیکس صرف وہی لوگ دیتے ہیں جو سرکاری سسٹم کے باہر ہیں اور پیسے دے رہے ہیں۔
agreed
سر آپکے پاس exemption کا ڈاکومنٹ ہے تو شئیر کر دیں
Which document
@@faheempracticallearning جس میں exemption کی معلومات ہوں
Return is very easy if u know formula of return
Yes
Aap ki videos to the point hote he, lekin abe Paso ka masla he, me income tax return course apse he kru ga,
@@nadeemahmed3295 👍
Assalamu Alikum Sir,
Kindly explain Full and Final Settlement of an Employee by a employer, which amount is taxable and Which is not like,
1) Gratuity for 20 years @ 70,000= 1,400,000/
2) Salary 20 days @ 70,000
3) Six months bonus @70,000
4) 20 years service extra bonus 20,000
5) 42 days Earned Leave
6) 16 days Overtime 43,0000
Thank You.