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.
Salary pe tax to employer hi kat leta hai sir aur pension fund ka tax credit fbr ki taraf se employer ko allow nhi. Is tarhan retun file kartey waqt tax adjust to hojaega magar fbr ke pass balance raheyga. Koi aisa tareeqa bataen ke tax monthly kam katey.
Sir tax to pehle se kat k salary ati hai aur phir zakat pay karte hen, (Y phir Bank deduct karti hai zakat) to uska treatment kese hoga? aur tax to gross salary pe apply hota hai jismen medical allowance b shamil hota hai to uspe full tax apply hota hai to is bare men ap bata sako to... thanks..
Thanks a lot. Very useful and informative. Please explain about pension funds. Pension Benefit Account of National Savings Center also included in this one...?
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
If property cost value and fair market value are different which one should be put in "Personal Assets" ? Suppose I bought a property which as cost value 10k and fair market value 20k which value put in "Personal Assets"?
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?
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??
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
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
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.
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
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 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 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
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
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.
Waao great work Respected Sir jee
👍
Excellent as always👍
👍 👍
Faheem Bahi very thanks
👍
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?
@ Faheem Mehboob , kya registered institution ko banking channel ke zariye zakat deni hai kai cash bhi de sakte hain for deductibe allowance
Salary pe tax to employer hi kat leta hai sir aur pension fund ka tax credit fbr ki taraf se employer ko allow nhi. Is tarhan retun file kartey waqt tax adjust to hojaega magar fbr ke pass balance raheyga. Koi aisa tareeqa bataen ke tax monthly kam katey.
Sir govts servants apnay gpfund niklwaty waqt Jo zakat katwaty hn.kia us ki exemtion l sakty hn.
@@muhammadsarwartasleem4634 no
Ziada set ziada Kitni quantity show kar saktay hein first time returns mey shadi kay gold/jewellery gifts ki
Sir, govt servants jo General provident Fund me har mahine amount pay karte hain. Kya wo b isi tarha exempt ho sakti hai?
Bhai jan psx main cgt deduction hoti hy.kiya cgt tax main adjust ho skta hy
No
Sir kya hum higher income individuals ki salary ko commission aur salary me breakup kr k tax save kr sakty?
Follow rules, if in reality Salary thn need to report the same
Can we assume 10 % medical on our income ?? Any restrictions of basic or gross ??
Sir tax to pehle se kat k salary ati hai aur phir zakat pay karte hen, (Y phir Bank deduct karti hai zakat) to uska treatment kese hoga? aur tax to gross salary pe apply hota hai jismen medical allowance b shamil hota hai to uspe full tax apply hota hai to is bare men ap bata sako to... thanks..
Thanks a lot. Very useful and informative.
Please explain about pension funds. Pension Benefit Account of National Savings Center also included in this one...?
Yes sure, in future, I will explain
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
Sir, under which section the credit on donation is available?
Savings account pr zakat deduct hui. Is it final or adjustable?
Agar aik tax year mein koi salary/income na ho to phir bhi tax return file karni ho ge?
If have NTN, thn need to file
If property cost value and fair market value are different which one should be put in "Personal Assets" ? Suppose I bought a property which as cost value 10k and fair market value 20k which value put in "Personal Assets"?
what if u pay donation or zakat paid by cash to individual and not to company or organization?
1.2 million per annum pr tax slab shuru hoti ha ya 6 lakh pr hi start ho jati ha
Yes
What about the tax deducted from retirement benefits? Are they refundable or adjustable ????
gratuity exempt, if approved scheme, PF also exempt if received from approved PF funds, and remaining all taxable
Assalamualaikum. Dear Fahim sahib. Can I get the format of the salary tax exemption chart..
How to get credit before year end. Please explain the procedure
Not available, only advance tax can be adjust
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?
To avail these exemptions, needs to provide vouchers etc regarding these exemptions.
Please guide
Yes
@@faheempracticallearning regarding medical expenses. Vouchers/Consultation can be dependent of salaried person?
Dear Sir, If employee give medical allowance as well as medical insurance will we able to received 10% exemption on basic salary?
Faheem bhai jin ki salary se tex kat liya jata wo kia krain
Same process
Faheem Bhai Zakat or Donations ki deduction sb per allow ha ya pir only approved institutions which are mentioned in ITO
Zakat, if deducted, by bank
Donation approved institution
Donations aur zakah ki pakki receipt chahiye hungi?
It must be from registered institutions
Sir, where to find the updated allowable tax credit? which section?
Read exemption
Our company is offering medical insurance to employees so can we avail 10 % medical allowance tax exemption?
Sir ye kasy adjust ho ga sb
any donation? kisi individual ko bhi donation ka credit mily ga?
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?
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??
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
Yes all adjustable
person fund withdrawal wali trick explain ker dain please.
What about insurance like state life insurance credit??
Omitted now
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
Watch relevant lecture of property tax
@@faheempracticallearning which lecture?can you share link,because there are so many lectures on this topic...thanks
DC Rate
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.
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
@@faheempracticallearningbrother ye exemption rules kidr se milen ge
@@nationsnarrative8418 available in income tax law
Kia drivers, house servants,mali etc ki income salary income mey aati hey?
Yes part of taxable salary, as per law any benefit received from employer is taxable
Yes any type salary included taxable if reached theresholds.
Taxable salary theresholds is Rs. 600000/ per anum
@@naseerkhan925 👍
ہر قسم کا زکوٰة منہا ہوتا ہے یا بینک سے کٹنے والا ؟
Bank
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?
W.salam, ask the company to share CPR after payment of tax, no CPR no claim from FBR , push them to share and deposit
@@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?
@@itsarsalansaeed push them to deposit
Sir what is the amount of salary. ? May I help you
@@darkraipk360 around 4 million
پہلی دفعہ ٹیکس ریٹرن فائل کرتے وقت جو پراپرٹی شو کی جاتی ہے کیا اس کی ویلیو لکھنا ضروری ہے
Yes, need to mention value
Previous history banana is v important
@@wasimjan6022 yes agreed
Teacher board payment kaha add karni ha?
W.salam Yes sure
Children school fee ???
Part of normal expenses
full-time teacher ko define kr len pls. only govt teachers pls
Sir Aap Question Ka Reply Hi Nahi Kartye
Which question?
@faheempracticallearning I am Asking you Lots of Questions on WhatsApp but you Never answered me any Questions
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۔
No, time limt
@@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
🤲🏻😇👍
👍
Trickster
👍
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