Its is still very tricky and unfair ! When behbood saving certificates were introduced they were saying that its tax-free for over 60 years Pakistani citizens and they set up the limits and later on they started nomination drama by imposing new rules of their own for nomination if the senior citizen died ..... any how its still unfair for the senior citizen to submit their own return in any given tax year so many of them are even NRP....other western countires are much better on senior citizen but here in Pakistan its just a invitation to trap not fair with senior citizen who have to submit tax on their income from behbood certificate ....
I am NRP, and having income through behbood and bank accounts, I did not collected my profit from behbood and dsc and SSC for more than 6 years. I encashed behbood and saving certificates in year 2022, how much tax will be charged if the profit exceeded 1.5 million? Your input will be highly appreciated.
When we are filling our FBR return on computer,and entering our bahbood certificate profit. FBR computer automatically put the amount in taxable amount as it is very low than the untaxible income that is maximum Rs. 600000, please explain why isir is doing so.
Could you please tell me what to do in case I have not collected my yield for last 3 years on my Pension account and the amount accumulated in 3 years has become over 6 Lac. Whats the way out to fill in so that I can use my allowance of exemption of 6 Lac per annum.
Armed forces Ka DSP fund cut hota... Kuch log khud b extra amount cut krwaaty... HR year unko Koi na Koi percentage milti... Jo accumulated hoti rehti.. wo retirement py termination benefits m show ho ga???? Ya phir HR year wo saving account m count ho ga... Please DSP fund k Barry m rehnumaie farmaein??
No 1. Upload new updated video for Pension account with NSC. Tax year 2023-2024. Whats the new tax rate !!! Latest in Sep 2024. No 2. Also cover what happens if some one hasn't taken out the profit for the last 4 years. In that case what will be, and how will me The tax be deducted in FBR system.
Great info but there is one big issue in all this. One pensioner that I know was of view till today that behood profit is not taxable so have never filed return as there was no other tax liability. Even staff of NSC told that person that this amount is not taxable. Through this video that person got to know that behbood profit is taxable. Now what to do. That person is willing to file return and pay tax for 23-24 but that person is worried what if FBR open his record for last 6 years and ask for tax on behbood profit for all 6 years. What if is he is penalized. It would become too much. What should he do?
Aa, this video is misguiding the people because tax deductions for Behbood etc has been increased for the present return I.e FY 2023-24. Kindly delete this video or load the new one according to recent situation.
@@tahirmahmood453 i think rate is according to % . If salary is 75% and other income is 25% then tax will be deducted as per salary slab. If salary is less than 75% and other income is more than 25% than tax will be deducted as per rate of other source of income
No 1. Upload new updated video for Pension account with NSC. Tax year 2023-2024. Whats the new tax rate !!! Latest in Sep 2024. No 2. Also cover what happens if some one hasn't taken out the profit for the last 4 years. In that case what will be, and how will me The tax be deducted in FBR system.
Its is still very tricky and unfair ! When behbood saving certificates were introduced they were saying that its tax-free for over 60 years Pakistani citizens and they set up the limits and later on they started nomination drama by imposing new rules of their own for nomination if the senior citizen died ..... any how its still unfair for the senior citizen to submit their own return in any given tax year so many of them are even NRP....other western countires are much better on senior citizen but here in Pakistan its just a invitation to trap not fair with senior citizen who have to submit tax on their income from behbood certificate ....
Your briefing on Pension and Bahbood account is self-explanatory. Kindly explain the lattest FBR SRO in accordance with 2024 regulations.Thanx
Very nice and informative video, step by step explained.
Thanks, Sir
Nice video
When you entered 120000(12 lack) the tax should have to be Rs 30000/ i.e 1200000-600000 =600000x5percent=30000/=hope to calirify.
I am NRP, and having income through behbood and bank accounts, I did not collected my profit from behbood and dsc and SSC for more than 6 years. I encashed behbood and saving certificates in year 2022, how much tax will be charged if the profit exceeded 1.5 million? Your input will be highly appreciated.
When we are filling our FBR return on computer,and entering our bahbood certificate profit. FBR computer automatically put the amount in taxable amount as it is very low than the untaxible income that is maximum Rs. 600000, please explain why isir is doing so.
If it is joint behbood account then the exemjption will be on 6 lakh or 12 lakh. Please clarify
6 lak only
سر بہبود سیڑیفیکیٹ کے چھ لاکھ کم منافع کو ریکونسیلیشن میں کونسے ہیڈ میں درج کرنا ہے نارمل انکم ٹیکس میں یا پھر ایگزیمپٹڈ انکم ٹیکس میں ؟
In other sources
10لاکہ کے اوپر کتنا Tax بنتا ھے
Could you please tell me what to do in case I have not collected my yield for last 3 years on my Pension account and the amount accumulated in 3 years has become over 6 Lac. Whats the way out to fill in so that I can use my allowance of exemption of 6 Lac per annum.
six lac exempted amount would be minus and than rest of amount would be chargeable ??? let me clear
Armed forces Ka DSP fund cut hota... Kuch log khud b extra amount cut krwaaty... HR year unko Koi na Koi percentage milti... Jo accumulated hoti rehti.. wo retirement py termination benefits m show ho ga???? Ya phir HR year wo saving account m count ho ga... Please DSP fund k Barry m rehnumaie farmaein??
Kiya zakat aur baqi jo sadqa waghaira pey kertey hain to wo kiya koi hasiyat rakhta
No 1. Upload new updated video for Pension account with NSC. Tax year 2023-2024. Whats the new tax rate !!! Latest in Sep 2024.
No 2. Also cover what happens if some one hasn't taken out the profit for the last 4 years. In that case what will be, and how will me The tax be deducted in FBR system.
Already uploaded
Is this tax calculated as separate head or this income is added in other income for tax calculation?
Separate head
Thanks Sir, please tell us is there any reduction in tax for widows in behbood certificate.
Thanks
ua-cam.com/video/As21ad_UnRY/v-deo.html
Kia woh half half show karain gy
Great info but there is one big issue in all this. One pensioner that I know was of view till today that behood profit is not taxable so have never filed return as there was no other tax liability. Even staff of NSC told that person that this amount is not taxable. Through this video that person got to know that behbood profit is taxable. Now what to do. That person is willing to file return and pay tax for 23-24 but that person is worried what if FBR open his record for last 6 years and ask for tax on behbood profit for all 6 years. What if is he is penalized. It would become too much. What should he do?
There was no tax in previous years. So don't worry.
More than 12 lac tax rate ll be increased, is it true? What ll be the tax on 1,440,000??
ua-cam.com/video/7Cd1enHmers/v-deo.html
Sir Jin ka Joint account ho ga woh kia karain gy
Pls take guidance from FBR helpline
4 lakh se opr tax prega ..
Pensioner banifit account per tu tax kat ta he ni
Tax is deducted only if your yearly profit exceeds 6 Lak
Tu phir is me tax keon ata hi
Aa, this video is misguiding the people because tax deductions for Behbood etc has been increased for the present return I.e FY 2023-24. Kindly delete this video or load the new one according to recent situation.
Don't worry will update soon
Different incomes are added then tax is calculated
Each income has a different tax rate at backend so first tax is calculated then total taxes are added
@@tahirmahmood453 i think rate is according to % . If salary is 75% and other income is 25% then tax will be deducted as per salary slab. If salary is less than 75% and other income is more than 25% than tax will be deducted as per rate of other source of income
@@MSMRR110 u are right bro. But most of these account holders don't have salary, they have pension.
Ap ghalat bta rahay ho bhai
Correct me if I am wrong. Pls explain your point of view in detail.
No 1. Upload new updated video for Pension account with NSC. Tax year 2023-2024. Whats the new tax rate !!! Latest in Sep 2024.
No 2. Also cover what happens if some one hasn't taken out the profit for the last 4 years. In that case what will be, and how will me The tax be deducted in FBR system.
Already uploaded pls search on utube
@@tahirmahmood453 would you be kind to share the specific link please.