Scribd Logo
Upload

Welcome to Scribd!

  • 9 views

    Zoom 2 BBA

    Uploaded by

    Muhammad Hamza
    The document provides income information for Mr. Ahmad for the 2019 tax year including salary, allowances, investments, business income, and deductions to calculate his tax liability.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Zoom 2 BBA

    Uploaded by

    Muhammad Hamza
    9 views1 page
    The document provides income information for Mr. Ahmad for the 2019 tax year including salary, allowances, investments, business income, and deductions to calculate his tax liability.

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides income information for Mr. Ahmad for the 2019 tax year including salary, allowances, investments, business income, and deductions to calculate his tax liability.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    9 views1 page

    Zoom 2 BBA

    Uploaded by

    Muhammad Hamza
    The document provides income information for Mr. Ahmad for the 2019 tax year including salary, allowances, investments, business income, and deductions to calculate his tax liability.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Calculate Income tax liability of Mr. Ahmad, a teacher, for tax year ending on 30 th June 2019.

    1. Basic pay (80,000-5000-100,000) 90,000PM


    2. Cost of living allowance 100,000
    3. Dearness Allowance 6000 PM
    4. Gratuity (Approved by FBR) 350,000
    5. Employee and employers contribution
    In Recognized provident fund 190,000each
    6. Bank interest on R.P.F @ 18% 130,000
    7. Golden Hand Shake 350,000
    8. Furnished accommodation is provided in small
    Entitlement was 30,000 PM.
    9. Car provided for personal use , cost 800,000
    10. Rent from shop 30,000 PM
    11. unajdustable advance 90,000
    12. Forfeited amount of Token money 100,000
    13. Income from wood business 150,000
    14. Income from business at UK 400,000
    15. Tax paid at UK 80,000
    16. Income from talk delivered on TV (Net) 72,000
    17. Gain on sale of private Shares 180,000
    (After one year)
    18. Zakat 40,000
    19. Mark up on H.F.S 115,000
    20. Contribution to approved pension fund 150,000
    21. Health Insurance premium 40,000

    You might also like