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Taxation 62151
Taxation 62151
Taxation 62151
dearness 90000
bonus 15000
conveyance 96000
lunch 50000
overtime 40000
leave assistance 240000
unavailable leave 6000
medical allowance 83000
1580000
Loan benefits:100000(10%-6%)*6/12 20000
business income
Gross revenue 240000
business expenditure 90000
interest at benchmarkrate 5000 95000 145000
100000*10%*6/12
less: zakat 30000
taxable income 1550000
tax liability:
tax on Rs.1550000-1200000 350000
tax on Rs.350000 @ 5% 17500