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New Tax Certi PDF

This document is a salary tax calculation for employee Ali Ahmed for tax year 2019-2020. It shows his monthly basic salary, medical allowance, gross salary, other taxable amounts, total salary, taxable salary, and annual totals. His total annual taxable salary was 1,813,026 with total annual tax of 26,999.95. Tax credits were provided for zakat, investments, charity and advance income tax totaling 3,206.14 bringing the net tax withheld and submitted by the company to 23,793.81.

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Ali Azhar Khan
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93 views1 page

New Tax Certi PDF

This document is a salary tax calculation for employee Ali Ahmed for tax year 2019-2020. It shows his monthly basic salary, medical allowance, gross salary, other taxable amounts, total salary, taxable salary, and annual totals. His total annual taxable salary was 1,813,026 with total annual tax of 26,999.95. Tax credits were provided for zakat, investments, charity and advance income tax totaling 3,206.14 bringing the net tax withheld and submitted by the company to 23,793.81.

Uploaded by

Ali Azhar Khan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Hyundai Nishat Motor (Pvt.

) Ltd
1.B Aziz Avenue Canal Bank Gulberg V, Lahore
Salary Tax Calculation Tax Year 2019 - 2020
Employee ID 10000013 Employee NTN
Employee Name Ali Ahmed Employee CNIC No.
Salary Tax Calculation Tax Year 2019 - 2020
Month Basic Salary Medical Allowance Gross Salary OPD, Bonus & Other Taxable Total Salary Taxable Salary PF Employer
(Tax-Exempt) Annual Leave Allowances
Encashment
TY 2020 A B C=A+B D E F=C+D+E G=F-B
JUL-19 90,000.00 10,000.00 100,000.00 0.00 46,000.00 146,000.00 136,000.00 0.00
AUG-19 90,000.00 10,000.00 100,000.00 45,000.00 46,000.00 191,000.00 181,000.00 0.00
SEP-19 90,000.00 10,000.00 100,000.00 0.00 46,500.00 146,500.00 136,500.00 0.00
OCT-19 90,000.00 10,000.00 100,000.00 0.00 46,500.00 146,500.00 136,500.00 0.00
NOV-19 90,000.00 10,000.00 100,000.00 0.00 46,520.00 146,520.00 136,520.00 0.00
DEC-19 90,000.00 10,000.00 100,000.00 15,000.00 46,520.00 161,520.00 151,520.00 0.00
JAN-20 90,000.00 10,000.00 100,000.00 120,000.00 43,831.00 263,831.00 253,831.00 0.00
FEB-20 90,000.00 10,000.00 100,000.00 12,000.00 43,831.00 155,831.00 145,831.00 0.00
MAR-20 90,000.00 10,000.00 100,000.00 0.00 43,831.00 143,831.00 133,831.00 0.00
APR-20 90,000.00 10,000.00 100,000.00 0.00 43,831.00 143,831.00 133,831.00 0.00
MAY-20 90,000.00 10,000.00 100,000.00 0.00 43,831.00 143,831.00 133,831.00 0.00
JUN-20 90,000.00 10,000.00 100,000.00 0.00 43,831.00 143,831.00 133,831.00 0.00
Total 1,080,000.00 120,000.00 1,200,000.00 192,000.00 541,026.00 1,933,026.00 1,813,026.00 0.00

H Taxable Salary (Annual) 1,813,026.00


I PF Contribution (Employer) in excess of Rs. 150,000 0.00
J 5% x Cost of Vehicle provided by Employer 370,615.23
K Total Taxable Income H+I+J 2,183,641.23
L Total Annual Tax 26,999.95
M Average Tax Rate L/K % 1.24

Tax Credits Amount for Credit Tax Credit


Zakat 2,000.00 24.73
Investments 250,000.00 3,091.16
Charity 20.00 0.25
Advance Income Tax 90.00

Total Tax Credit 3,206.14

Net Tax Withheld & Submitted By the Company 23,793.81

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