How to Calculate Income Tax on Provident Funds | Reporting in Income Tax Return | Exemption of Tax |

[@ZeeshanFaisal-ir5ud]

Very good lecture sir, you are requested to upload a lecture on How to file Tax Return by the Employer for its Recognized Provident Fund and Recognized Gratuity Fund. Thanks

[@candyshandyy]

Please tell me whether the employer's contribution to PF (not rcvd still) should be added in our assets (wealth statement ) or just we need to add employee contribution in our return ?

[@mudassirahmed6764]

Please yh bhe guide krdain k isay return file krty wakt kis trhan mention krain, kis filed main ja kr konse information add krne hai. Jazakallah

[@muhammadrafil7394]

Hi Sir, Hope you are fine and thank for sharing videos. I have one question, it would be my pleasure if you answer it. JazakAllah. If we would like to adjust "Carry forward business loss" against "Profit on debt income" then where we feed loss amount in IRIS?

[@MuhammadAsif-ru5mh]

sir 2024 ka incom tex kitna detect hua hai kesy check krengy

[@candyshandyy]

Sir why don't you put these figures in real time iris portal. So to have clarity while adjustment.

[@faheempracticallearning]

Already have lecture, on this topic

[@fragileheart9640]

Under which section in IRIS, provident fund is declared?

[@faheempracticallearning]

retirement benefits

[@shahzadmotassim4965]

How to transfer PF to pension account . Employer contribution

[@abdurrafayakhtar4321]

Ye bataden k wealth statement pf kis tarah or kaha declare krna hota hai or sirf khud ka contribution ya total?

[@faheempracticallearning]

Report your contribution of PF as an assets, named, contribution to PF funds

[@user-xe1lx1pg9q]

@@faheempracticallearningJo employer ka contribution he or Jo un sab pe interests hen or aik total amount fund ki report ho rahi hoti h woh nahin show kerni assets men ?? You mention in video others men interests or employer contribution dalen… if we show total provident fund as asset it does not balance against inflows etc to kiya adjustment to inflows men employer ki contribution or interests etc daal den ??

[@ALLABOUTTECH-fh2sg]

@faheempracticallearning kindly explain this

[@greenteche3286]

Where to show the PF amount in Wealth Statement

[@faheempracticallearning]

PF deduction?

[@Mr180Shorts]

Sir if employer doesn't deduct tax at the time of payment in case of unrecognized PF then who will be responsible for tax payment or employee himself will deposit tax at the time of filing of return

[@faheempracticallearning]

@@Mr180Shorts employees if reported income

[@counseling4career]

Can you plz suggest, how to calculate tax on PF for a person above 60 years, and who draws 6 months gross from PF. Where to make entry of this amount in IRIS fir the tax year 2024.

[@anwarulhaq9285]

how to recognize provident fund from Commissioner Inland Revenue /fbr

[@marinakanwal2495]

Means employer calculate taxable provident fund amount for each single employee?

[@faheempracticallearning]

Yes, as per rules

[@saleemshaukat1500]

Aoa sir, Agr provident fund me employer and employee ki amount same ho to us condition me jo employer ki amount ho gi wo taxable me ae gi? Us amount ko investment ni kia kisi jaga pr, employer apne pas hi amount rakhi employee ki.aur bad me jab employee ne left ki job aur usey same wapis kr diye is condition me employer amount taxable ae gi?

[@MuhammadAsif-ru5mh]

sir 2024 me 6 lakh sy uper amount pr kitni percent tex detect hoga

[@frenzyplays2143]

Isn’t the tax exemption supposed to be higher of the two?

[@faheempracticallearning]

?

[@muhammaddanishluqman9773]

Employer Contribution Rs. 120,000, Is it contribution of 1 year for which we are calculating tax or it is the total contribution till date?

[@faheempracticallearning]

Yes

[@mrhumman9100]

Salaam sir Sir can an officer give notice for tax year 2021 that the tax payer didn't pay his turnover tax u/s 113? Because in 2022 the turnover is 100 million and I think its stated that it will be from 2017.

[@faheempracticallearning]

Yes

[@faheempracticallearning]

If in proceeding 3 years any of the year cross 100 million thn he demand

[@mrhumman9100]

@@faheempracticallearning سر اسکا turnover م2021 میں 100 ملین سے کم ہے تقریباً 20 میلن پھر بھی آفیسر notice دے سکتا ہے turnover کا؟

[@faheempracticallearning]

In previous period I think 10 million limit

[@kanizfatima5142]

PF ko wealth statement mi khna show katengy

[@faheempracticallearning]

Already explained check lecture

[@user-xe1lx1pg9q]

@@faheempracticallearningnot clear from lecture

[@qaisarmalik8675]

Scenario: if an employee receives 7lak PF contributed 3lak by employee and 3lak by employer, including 1lak profit 50k from both sides. How would it be treated please assist in live tutorial because it's bit technical. I really appreciate replying on questions

[@MuhammadAbubakar-l2r]

If you are making a public statement, please provide an official reference.

[@faheempracticallearning]

already mentioned, did you watch complete lecture?

[@MuhammadAbubakar-l2r]

@@faheempracticallearning I don't think so, I have seen whole video two times but did not find out. Can you please point me out?

[@faheempracticallearning]

@@MuhammadAbubakar-l2r watch latest lecture, already mentioned

[@TayyabAli-u6e1x]

How interest credit @ 432000 is 18 percent? Can anyone elaborate, thanks .

[@obaidriaz-lq3rb]

Armed forces Ka DSP fund cut hota... Kuch log khud b extra amount cut krwaaty... HR year unko Koi na Koi percentage milti... Jo accumulated hoti rehti.. wo retirement py termination benefits m show ho ga???? Ya phir HR year wo saving account m count ho ga... Please DSP fund k Barry m rehnumaie farmaein??

[@HUMANSCRIB]

Dear sir, please guide where to show Govt teacher following deductions, GPF SUBSCRIPTION, INSURANCE, BENEVOLENT FUND JAZAK ALLAH

[@Hussain.72753]

koi nhi bttta rha shayad ko kisiko ptta hi ni

[@TayyabAli-u6e1x]

18 percent kesy aya?

[@faheempracticallearning]

Interest income

[@jaykay4769]

Simple salaried person ko bhi tax file kerna azab hai sidha rules bana do bc agay pichay ghuma k aam admi ko pagal ker dya hai takay ghuma phira k jurmana kerain

[@faheempracticallearning]

😔 Agreed, return must be simple & easy

[@TayyabAli-u6e1x]

240000 k 18% 43200 bun raha hai

[@faheempracticallearning]

👍