Hyundai Nishat Motor (Pvt.

) Ltd
1.B Aziz Avenue Canal Bank Gulberg V, Lahore
Salary Tax Calculation Tax Year 2019 - 2020
Employee ID 10000013 Employee NTN
Employee Name Ali Ahmed Employee CNIC No.
Salary Tax Calculation Tax Year 2019 - 2020
Month Basic Salary Medical Allowance Gross Salary OPD, Bonus & Other Taxable Total Salary Taxable Salary PF Employer
(Tax-Exempt) Annual Leave Allowances
Encashment
TY 2020 A B C=A+B D E F=C+D+E G=F-B
JUL-19 90,000.00 10,000.00 100,000.00 0.00 46,000.00 146,000.00 136,000.00 0.00
AUG-19 90,000.00 10,000.00 100,000.00 45,000.00 46,000.00 191,000.00 181,000.00 0.00
SEP-19 90,000.00 10,000.00 100,000.00 0.00 46,500.00 146,500.00 136,500.00 0.00
OCT-19 90,000.00 10,000.00 100,000.00 0.00 46,500.00 146,500.00 136,500.00 0.00
NOV-19 90,000.00 10,000.00 100,000.00 0.00 46,520.00 146,520.00 136,520.00 0.00
DEC-19 90,000.00 10,000.00 100,000.00 15,000.00 46,520.00 161,520.00 151,520.00 0.00
JAN-20 90,000.00 10,000.00 100,000.00 120,000.00 43,831.00 263,831.00 253,831.00 0.00
FEB-20 90,000.00 10,000.00 100,000.00 12,000.00 43,831.00 155,831.00 145,831.00 0.00
MAR-20 90,000.00 10,000.00 100,000.00 0.00 43,831.00 143,831.00 133,831.00 0.00
APR-20 90,000.00 10,000.00 100,000.00 0.00 43,831.00 143,831.00 133,831.00 0.00
MAY-20 90,000.00 10,000.00 100,000.00 0.00 43,831.00 143,831.00 133,831.00 0.00
JUN-20 90,000.00 10,000.00 100,000.00 0.00 43,831.00 143,831.00 133,831.00 0.00
Total 1,080,000.00 120,000.00 1,200,000.00 192,000.00 541,026.00 1,933,026.00 1,813,026.00 0.00

H Taxable Salary (Annual) 1,813,026.00

I PF Contribution (Employer) in excess of Rs. 150,000 0.00
J 5% x Cost of Vehicle provided by Employer 370,615.23
K Total Taxable Income H+I+J 2,183,641.23
L Total Annual Tax 26,999.95
M Average Tax Rate L/K % 1.24

Tax Credits Amount for Credit Tax Credit

Zakat 2,000.00 24.73
Investments 250,000.00 3,091.16
Charity 20.00 0.25
Advance Income Tax 90.00

Total Tax Credit 3,206.14

Net Tax Withheld & Submitted By the Company 23,793.81