I am federal govt employee. Our department give HRA to all employees. Lekin married employees Ka HRA deduct Ker k hiring (HRS ) deti he, which is more than HRA. Jab Department employees Ka tax deduct kerta he to HRA per bhi kerta he. Even jin employees ko HRS milta he in Ka bhi. Moreover, HRS ke cheque per separate tax deduct kerta he. Is case me HRA and HRS ko kaisay adjust Karen.
Sir do you have a lecture regarding the allocation of fringe benefits of employees( e.g how much HRA %, conveyance allowance % should be allocated and what should be the % of basic salary etc) ? I mean full payroll sheet.
Me na apna house self hire karaya hoa he or mughe biannually HRS Ka cheque mere nam per milta he after tax deduction. Or salary me HRA per bhi tax deduct hota he, Jo mughe Nahi mil Raha due to HRS. Kindly guide about this issue
Asslam o Alekom sir, if company pay medical allowance, when employee hospitalized other then no medical allowance on monthly salary. can we get 10% benefit from taxable lability?
If employer has given loan to employee and is being deducted from employee salary every month, will we also deduct such loan repayment from annual taxable salary while calculating tax?
government teacher not businessman to require manufacturing and trading/profit and loss account attachment required as income declared under minimum tax regime ? pls guide me about this
Sir kya saray benefit include ker k advance tax deduct hota hai monthly salary mai ya wo just 12 month salary less medical allowance per hota hai???? waiting for your response.
Sir 5% of vehicle cost is including while calculating taxable income. Kindly Tel me section of I. Tax ord in which this rate is define. Thanks waiting for reply
If conditions change and taxable salary increase to Rs.89500/month in your example after 10 months, then what would become the basis of tax assessed? 12 months or remaining months(i.e 2 months). (Dividing annual increased salary of Rs.1,590,600 by 2 months or by 12 months)?
after changing in condition reassess the taxation and divide with remaining months. The purpose is only to deduct and charge the actual tax in tax period.
if medical allowance is also given then it will not be exempted so we will add in for annual tax calculations. am i right. you said in video that it will not exempted but you have not added it in calculation of total annual salary calculation for tax service. so please explain
Mostly company issued medical card, and reimbursement directly through insurance company and this part covered though annual premium, this means not directly credit in employee account, that 's why not taxable, but if we follow the rules, and higher of reimbursement amount or 10% of basic salary is exempt
agar aik bandeko salary 50k mil rahi hai and there is no medical facility phir hum(50k*12)=600,000 ka 10% jo ke 60% banta hai total mai sai less karain gai and remaining 540,000 salary likhein gai na IRIS mai
@@faheempracticallearning Sir if the firm/employer is paying EOBI (5% employer, 1% employee) and SESSI (6% employer) contribution, can an employee still demand the 10% medical allowance as per law? please share the answer as our employer is bluffing us by saying that he's paying both EOBI and SESSI and is refusing to pay any medical allowance.
![Income Tax Calculation on Salary Payslip | How to Calculate Income Tax [Calculator]](http://i.ytimg.com/vi/vCVeUvoo3Hs/mqdefault.jpg)
![Income Tax Calculation on Salary Payslip | How to Calculate Income Tax [Calculator]](/img/tr.png)
Income tax is deducted on gross salary in Govt Departments and gross salary includes all types of allowances including medical allowance.
Yes for government they are mostly followed own rules
@@faheempracticallearning sir why followed own rules ? they must follow rules and FBR rules
@@arhamkhan6971 already followed, but calculation method mostly different
Very informative sir..👍👍
Jazak Allah
Sir few govt departments house rent pay mn shamil naheen krty.seperately deduct kr k salary dety jn tu kia phir bhe income tax lgta hy
Good sir 👍👍
Jazak Allah
I am federal govt employee. Our department give HRA to all employees. Lekin married employees Ka HRA deduct Ker k hiring (HRS ) deti he, which is more than HRA.
Jab Department employees Ka tax deduct kerta he to HRA per bhi kerta he. Even jin employees ko HRS milta he in Ka bhi.
Moreover, HRS ke cheque per separate tax deduct kerta he.
Is case me HRA and HRS ko kaisay adjust Karen.
Good question. Sir Faheem please reply this question.
Sir do you have a lecture regarding the allocation of fringe benefits of employees( e.g how much HRA %, conveyance allowance % should be allocated and what should be the % of basic salary etc) ? I mean full payroll sheet.
yes, but this part covered in paid classes
Me na apna house self hire karaya hoa he or mughe biannually HRS Ka cheque mere nam per milta he after tax deduction.
Or salary me HRA per bhi tax deduct hota he, Jo mughe Nahi mil Raha due to HRS.
Kindly guide about this issue
Asslam o Alekom sir, if company pay medical allowance, when employee hospitalized other then no medical allowance on monthly salary.
can we get 10% benefit from taxable lability?
Ager medical insurance card ki soorat mai ho tu kese treat Karen gai
then exempt upto 10% of basic salary remaining add back to taxable amount, if limit used during the year
Sir why you have not added medical Allowance
If employer has given loan to employee and is being deducted from employee salary every month, will we also deduct such loan repayment from annual taxable salary while calculating tax?
If less then 1 Million then exempt
government teacher not businessman to require manufacturing and trading/profit and loss account attachment required as income declared under minimum tax regime ? pls guide me about this
Sir kya saray benefit include ker k advance tax deduct hota hai monthly salary mai ya wo just 12 month salary less medical allowance per hota hai????
waiting for your response.
All taxable benefits
Sir 5% of vehicle cost is including while calculating taxable income. Kindly Tel me section of I. Tax ord in which this rate is define. Thanks waiting for reply
If conditions change and taxable salary increase to Rs.89500/month in your example after 10 months, then what would become the basis of tax assessed? 12 months or remaining months(i.e 2 months). (Dividing annual increased salary of Rs.1,590,600 by 2 months or by 12 months)?
after changing in condition reassess the taxation and divide with remaining months. The purpose is only to deduct and charge the actual tax in tax period.
if medical allowance is also given then it will not be exempted so we will add in for annual tax calculations. am i right. you said in video that it will not exempted but you have not added it in calculation of total annual salary calculation for tax service. so please explain
Mostly company issued medical card, and reimbursement directly through insurance company and this part covered though annual premium, this means not directly credit in employee account, that 's why not taxable, but if we follow the rules, and higher of reimbursement amount or 10% of basic salary is exempt
apply this
agar aik bandeko salary 50k mil rahi hai and there is no medical facility phir hum(50k*12)=600,000 ka 10% jo ke 60% banta hai total mai sai less karain gai
and remaining 540,000 salary likhein gai na IRIS mai
Total salary 600K exempt 10% of basic salary. Report like this
'60k not 60%
SIR,AGAR MEDICAL ALLOW EXEMPT NAE HA TO IS VIDEO MAIN TOTAL AMOUNT 1566000 BANTI HA AUR AAP NE 1470600 BANAI HA.
We just take one example, follow the same rules as discuss in law and lecture . In calculation we take example
@@faheempracticallearning Sir if the firm/employer is paying EOBI (5% employer, 1% employee) and SESSI (6% employer) contribution, can an employee still demand the 10% medical allowance as per law? please share the answer as our employer is bluffing us by saying that he's paying both EOBI and SESSI and is refusing to pay any medical allowance.
Good information sir plz check whtsapp also