How to save Tax on Salary Income | 4 Ways to save Tax | Credit | Reduction | Income Tax | FBR |

Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
Click on below WhatsApp link for further details of Practical Taxation Course
wa.me/message/5BNUTBJFAPHUN1
Income tax Includes
1. Section-149 Income from Salary
2. Section-155 Income from Property
3. Section-153 Payment of goods, service and contract
4. Section-147 Advance income tax
5. Section-148 Import
6. Section-231AA and 236P Advance tax on certain banking transection
7. Section-231B Advance tax at the time of registration of private motor vehicle
8. Section-235A Tax collection from domestic electric bills
9. Section-236 Tax collection from telephone users
10. Section-236B Advance tax on purchase of domestic air ticket
11. Section-236F Advance tax on cable operator and other electronic media
12. Section-236G Advance tax on sale to distributor, dealer and wholesalers
13. Section-236H Advance tax on sale to retailers
14. Section-236I Advance tax by educational institutions
15. Section-236U Advance tax on insurance premium
16. Section-236X Advance tax on Tobacco
17. Section-236Y Advance tax on remittance abroad through credit, debit or prepaid cards
18. Fine and penalties
19. Section-177 Audit
20. Treatment of provision for bad and doubtful debts
Sale Tax Includes
1. What is sale tax or indirect tax and concept of VAT
2. Difference between Input and Output tax
3. Further tax and extra tax
4. Calculation of Sale tax
5. Advance sale tax
6. Withholding Sale tax
7. Debit and credit notes
8. Admissible credit
9. Annexure A, B, C, F,H, J and I with practical example
10. Supply and purchase register
11. Stock or consumption sheet
12. Concept of Punjab Revenue Authority (PRA) and Sindh Revenue Authority (SRB)
E-Filing
1. Monthly sale tax return
2. Withholding Statement
3. Reconciliation of sale tax return
4. Reconciliation of wealth
5. Annual income tax return of Salary Individual
6. Annual income tax return of Company
7. Annual income tax return of Business Individual / Retailer or Trader
8. Annual income tax return of AOP
All above section will be cover with practical example and online filing.
Regards,
Faheem Mehboob
ACCA Member
03007574731

[@ranamuhammadashfaq]

Waao great work Respected Sir jee

[@faheempracticallearning]

👍

[@raziuddin4516]

Faheem Bahi very thanks

[@faheempracticallearning]

👍

[@SuperEvo1990]

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.

[@KashifAli-lh8zu]

Excellent as always👍

[@faheempracticallearning]

👍 👍

[@abumuaviyah]

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?

[@arslaniqbal7581]

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

[@GhauriDr]

Thanks a lot. Very useful and informative. Please explain about pension funds. Pension Benefit Account of National Savings Center also included in this one...?

[@faheempracticallearning]

Yes sure, in future, I will explain

[@finance79campus48]

Dear Sir, If employee give medical allowance as well as medical insurance will we able to received 10% exemption on basic salary?

[@MuhammadAli-f9f]

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"?

[@Jjr-sk7vr]

Ziada set ziada Kitni quantity show kar saktay hein first time returns mey shadi kay gold/jewellery gifts ki

[@zahidrasool4222]

Assalamualaikum. Dear Fahim sahib. Can I get the format of the salary tax exemption chart..

[@umarazmat]

what if u pay donation or zakat paid by cash to individual and not to company or organization?

[@sheerazahmed2689]

Can we assume 10 % medical on our income ?? Any restrictions of basic or gross ??

[@ilimuddinpanhwar928]

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?

[@mrabidbilal]

Sir, under which section the credit on donation is available?

[@ahsanlive]

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.

[@faheempracticallearning]

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

[@nationsnarrative8418]

​@@faheempracticallearningbrother ye exemption rules kidr se milen ge

[@faheempracticallearning]

@@nationsnarrative8418 available in income tax law

[@rizwanwaheed3073]

person fund withdrawal wali trick explain ker dain please.

[@iqataxconsultants4627]

any donation? kisi individual ko bhi donation ka credit mily ga?

[@adnanshamsi5426]

Our company is offering medical insurance to employees so can we avail 10 % medical allowance tax exemption?

[@UMAIRGULZARVOHRATAX]

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??

[@wickedsatan1]

Savings account pr zakat deduct hui. Is it final or adjustable?

[@shafquatali1864]

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..

[@docmak-1256]

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?

[@muhammadsarwartasleem4634]

Sir govts servants apnay gpfund niklwaty waqt Jo zakat katwaty hn.kia us ki exemtion l sakty hn.

[@faheempracticallearning]

@@muhammadsarwartasleem4634 no

[@legalpoint1]

What about the tax deducted from retirement benefits? Are they refundable or adjustable ????

[@faheempracticallearning]

gratuity exempt, if approved scheme, PF also exempt if received from approved PF funds, and remaining all taxable

[@knowledgestudioltd.6832]

Faheem Bhai Zakat or Donations ki deduction sb per allow ha ya pir only approved institutions which are mentioned in ITO

[@faheempracticallearning]

Zakat, if deducted, by bank Donation approved institution

[@mirzawaleed8920]

Sir kya hum higher income individuals ki salary ko commission aur salary me breakup kr k tax save kr sakty?

[@faheempracticallearning]

Follow rules, if in reality Salary thn need to report the same

[@MuhammadFarooq-tb5nc]

How to get credit before year end. Please explain the procedure

[@faheempracticallearning]

Not available, only advance tax can be adjust

[@ShafqatJatoi]

What about insurance like state life insurance credit??

[@faheempracticallearning]

Omitted now

[@sagheeranvar165]

Bhai jan psx main cgt deduction hoti hy.kiya cgt tax main adjust ho skta hy

[@faheempracticallearning]

No

[@tahahussain4179]

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

[@faheempracticallearning]

Yes all adjustable

[@shoaibamjad3626]

Sir ye kasy adjust ho ga sb

[@iqataxconsultants4627]

full-time teacher ko define kr len pls. only govt teachers pls

[@Israfaisal800]

1.2 million per annum pr tax slab shuru hoti ha ya 6 lakh pr hi start ho jati ha

[@faheempracticallearning]

Yes

[@Hashim3447]

To avail these exemptions, needs to provide vouchers etc regarding these exemptions. Please guide

[@faheempracticallearning]

Yes

[@Hashim3447]

@@faheempracticallearning regarding medical expenses. Vouchers/Consultation can be dependent of salaried person?

[@MMFH445]

Agar aik tax year mein koi salary/income na ho to phir bhi tax return file karni ho ge?

[@faheempracticallearning]

If have NTN, thn need to file

[@msahilmultipal4506]

Faheem bhai jin ki salary se tex kat liya jata wo kia krain

[@faheempracticallearning]

Same process

[@ImranKhan-er6su]

Sir, where to find the updated allowable tax credit? which section?

[@faheempracticallearning]

Read exemption

[@aliusmanhashmi5222]

🤲🏻😇👍

[@faheempracticallearning]

👍

[@Jjr-sk7vr]

Kia drivers, house servants,mali etc ki income salary income mey aati hey?

[@faheempracticallearning]

Yes part of taxable salary, as per law any benefit received from employer is taxable

[@naseerkhan925]

Yes any type salary included taxable if reached theresholds. Taxable salary theresholds is Rs. 600000/ per anum

[@faheempracticallearning]

@@naseerkhan925 👍

[@perveziqbal1290]

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

[@faheempracticallearning]

Watch relevant lecture of property tax

[@perveziqbal1290]

@@faheempracticallearning which lecture?can you share link,because there are so many lectures on this topic...thanks

[@dilawarkhan9759]

DC Rate

[@farooquibhai5696]

Donations aur zakah ki pakki receipt chahiye hungi?

[@faheempracticallearning]

It must be from registered institutions

[@itsarsalansaeed]

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]

W.salam, ask the company to share CPR after payment of tax, no CPR no claim from FBR , push them to share and deposit

[@itsarsalansaeed]

@@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]

@@itsarsalansaeed push them to deposit

[@darkraipk360]

Sir what is the amount of salary. ? May I help you

[@itsarsalansaeed]

@@darkraipk360 around 4 million

[@abumuaviyah]

ہر قسم کا زکوٰة منہا ہوتا ہے یا بینک سے کٹنے والا ؟

[@faheempracticallearning]

Bank

[@nailagul5651]

Teacher board payment kaha add karni ha?

[@faheempracticallearning]

W.salam Yes sure

[@Muslimmemon]

Children school fee ???

[@faheempracticallearning]

Part of normal expenses

[@user-fi7qx7cy4s]

پہلی دفعہ ٹیکس ریٹرن فائل کرتے وقت جو پراپرٹی شو کی جاتی ہے کیا اس کی ویلیو لکھنا ضروری ہے

[@faheempracticallearning]

Yes, need to mention value

[@wasimjan6022]

Previous history banana is v important

[@faheempracticallearning]

@@wasimjan6022 yes agreed

[@muhammadadeelsheikh9448]

Sir Aap Question Ka Reply Hi Nahi Kartye

[@faheempracticallearning]

Which question?

[@muhammadadeelsheikh9448]

@faheempracticallearning I am Asking you Lots of Questions on WhatsApp but you Never answered me any Questions

[@abumuaviyah]

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۔

[@faheempracticallearning]

No, time limt

[@abumuaviyah]

@@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

[@muhammadaslam9284]

Trickster

[@faheempracticallearning]

👍

[@abumuaviyah]

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