Tax Payable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Calculate Tax Payable of Mr Sami for the year 2019. He is also a teacher
Basic Salary (105,000 - 5,000 - 120,000) 110,000 pm Bonus 2,600 Accommodation Facility in Mufasal Area 88,000 Contribution in Recognized Provident Fund by employee and same amount by employer 232,000 Interest @ 18% 35,000 Educational Exp of 4 Children 326,000 Conveyance facility provided by employer for official use 1,150,000 Contribution in Pension Fund 110,000 Contribution in Pension Fund 110,000
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