How to file Salary Income Tax 2024 | Private | Government Employees | Filing of IRIS Portal online |
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- Опубліковано 12 вер 2024
- Anyone interested to learn Pakistan taxation including E-Filing of both sale tax and income tax please WhatsApp or call at 03007574731.
Click on below WhatsApp link for further details of Practical Taxation Course
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Income tax Includes
1. Section-149 Income from Salary
2. Section-155 Income from Property
3. Section-153 Payment of goods, service and contract
4. Section-147 Advance income tax
5. Section-148 Import
6. Section-231AA and 236P Advance tax on certain banking transection
7. Section-231B Advance tax at the time of registration of private motor vehicle
8. Section-235A Tax collection from domestic electric bills
9. Section-236 Tax collection from telephone users
10. Section-236B Advance tax on purchase of domestic air ticket
11. Section-236F Advance tax on cable operator and other electronic media
12. Section-236G Advance tax on sale to distributor, dealer and wholesalers
13. Section-236H Advance tax on sale to retailers
14. Section-236I Advance tax by educational institutions
15. Section-236U Advance tax on insurance premium
16. Section-236X Advance tax on Tobacco
17. Section-236Y Advance tax on remittance abroad through credit, debit or prepaid cards
18. Fine and penalties
19. Section-177 Audit
20. Treatment of provision for bad and doubtful debts
Sale Tax Includes
1. What is sale tax or indirect tax and concept of VAT
2. Difference between Input and Output tax
3. Further tax and extra tax
4. Calculation of Sale tax
5. Advance sale tax
6. Withholding Sale tax
7. Debit and credit notes
8. Admissible credit
9. Annexure A, B, C, F,H, J and I with practical example
10. Supply and purchase register
11. Stock or consumption sheet
12. Concept of Punjab Revenue Authority (PRA) and Sindh Revenue Authority (SRB)
E-Filing
1. Monthly sale tax return
2. Withholding Statement
3. Reconciliation of sale tax return
4. Reconciliation of wealth
5. Annual income tax return of Salary Individual
6. Annual income tax return of Company
7. Annual income tax return of Business Individual / Retailer or Trader
8. Annual income tax return of AOP
All above section will be cover with practical example and online filing.
Regards,
Faheem Mehboob
ACCA Member
03007574731
wesy hi ap ny es ko itna complex bana dia....
just 3 things needed
1. total salery (12 months)
2. current balance (june 30)
3. Paid Tax
Bank accounts must be reconciled , every thing must be logical
Ye 500 Rs. le kr file krnay wala lg raha...
brother govt employees ki salary se gp fund and bevelent fund katata he her month me us ki treatment kiya aur kese hugi fbr k iris portal per ?
Its a nice presentation. I learned a lot from it. Thank you
@@SyedKakakhel-s1l 👍
Scenario: if an employee receives 7lak PF contributed 3lak by employee and 3lak by employer, including 1lak profit 50k from both sides. How would it be treated please assist in live tutorial because it's bit technical. I really appreciate replying on questions
Already replied
Your WhatsApp number please.
Sir Aam aadmi k liye ye video sir k oper se guzar jayegi, Mujhe sirf ye malom krna hai k meri monthly salary 40,000 hai me apna tex return kahan ja k jama krwaon? Ya phir Wakeel k pass jana hi sahi hoga?
Great Information Sir it will be very helpful if you share all excel format for your audience
Yes sure
AoA Sir
Very well explained video, Good efforts❤
Sir my question is, As ...
If a person source of annual income is pension & pension is till now exempt from taxes, and if he holds a pension benefit account (PBA) in national savings.
The withholding tax is not collected on the profit earned on the deposits made in PBA. The investment made in the PBA is also exempted from Zakat.
So where he will show annual profit on PBA in tax returns, and is he have to pay additional tax while filling returns.
As he receives Approx 8 Lakh profit annually on his 48 Lakhs investment in PBA account.
Sir please explain it.
Thanks.
Kisi asset management company ma jo paisy rkhy hain usko cash ma.show kr den?
q k uska tax tw already cut ho kr hi profit milta ha
very good presentation
👍
Sir jitni mehnat app ne ki us hisab se koi b pay nahi kerta.. Kehty hain bus free hi ho jaye..
But return must be as per rules, inform the risk
AOA, kindly bataein electricity bill adjustable tax and final fixed dono me add krna hai ya sirf kisi ek me please guide
Brother International payment par jo tax kat jata ha. Wo kaha declare karna hota ha? Plus agar tax zada pay kiya hua ho, tou extra tax claim kese kiya jata ha?
Thank you for efforts and free teaching...can you please tell how can we do all these as a consultant if client is not paying more then 1500rs...
Return must be filed, within law
Sir,
Govt. servent ka hr month GP Fund deduct ho kr jma hota rehta hy,,, kya os GP Fund ko b return file me ksi Code k under mention krna hota hy??? Thanks
jazakallah apne achi video banaye. mene kabhi bank reconciliation nahe ki aj yeh seekha apki video se. ap mujhe excel share karain geye please. thanks
👍
Do we need to submit documents as well on IRIS attachments tab?
Such as salary slips, bank statements.
And if yes then in Final Accounts 3000 or Profit or Loss statement 9320?
no need to attach
Excellent video sir plz discuss super tax on salaries which is applicable in 2025 tax year in separate video thanks
already have
if i am filing tax for year 2023 i need to pay 1000 rupee challan to be in ATL what if i am filing tax return now in 2024 within time how will i get my crp
If 2024 return filed within due date, thn your name will be appeared in active tax payer list on 1st March 2025, no need to pay amount.
Bhai Kya me khud apna salary tex return yearly fees khud JAMA krwa sakta hon is k Liye FBR jana Hoga ya National bank? Ya wakeel k through hi Sahi hai?
Monthly salary 40,000 hai.
Sir, in that detail, I shall only file few returns in whole season 😊
It must be like this
Total salary se 10% medical allowance less kar k baqi salary p tax dena hoga ya gross salary p?
Good information. Thanks.
@@dawoodrehmanatifadvocate9934 👍
For the purpose of Salary Return.. Should we take Gross or Net Income?
And how should we treat normal dedications (EPF, Insurance Premiums) or any Specific deductions (Loans, Advances from Employer)
Gross, other deductions need to report as well
بھائی جی ، میں نے آج اپنی 2024 کی ٹیکس ریٹرن جمع کروا دی ہے۔ لیکن FBR کی طرف سے کنفرمیشن کی email نہیں آئی۔ مجھے کیسے پتہ چلے گا کہ میری ٹیکس ریٹرن جمع ہو گئی ہے۔ اب کے جواب کا منتظر رہوں گا۔
Check completed task
کیا 114/4 نوٹس کی return 2023 کو submit کر دیا لیکن چار ہندسی عدد enter نہیں کیا
اس return کی کیا حثییت ہوگی
کیا یہ editable ہے یا نہیں
bhai ma pervious 2016 ki return file juma krwana chah rha hn but udr wealth statement ka bar show nhi horha or bar bar assest liabilities wala error aaarha ha
Try after some time
Excellent Sir
👍
Sir please make one video for Mobile phone companies. about their sales tax and 236g-h.
Same process
Salary pe kuch exemption bhi available he. Aap ne discussed nahi kia. Lecture me. Kindly us ka bhi review ker den. Thanks
Yes, medical and donations credits, pls watch separate lectures
Kindly provide link of that video here. @@faheempracticallearning
agar kisi ko payment di ho bank se aur agar us ne wapis kiye houn bank account mein to us ka koi issue to nhi? ya agar mein ne online store se koi cheez purchase ki aur later on return ki to jo amount hai woh bhi return hui, us ka koi issue to nhi?
I am salaried person. This year, i have received a house from my father without any payment. Please guide me how can i show in my wealth statement.
Last year my asset Jo already ham NY record kye thy return me Is year dobara return me show Karna HOTA he?
Dear sir
If I submit an income tax return for TY 2023, how much will I need to deposit as a challan, and how long will it take to appear in the active taxpayers list?
in case of individual tax Return PKR 1000/- need to deposit, and within 2 hour name will be added in list, after filing
If we claim tax credit against mutual fund investment can we sell it in the same year or we need to hold for a certain period
Credit not allowed now, already omitted
sir tax certifcate pe tax ki amount kam hai jab k iris portal pe salary enter kren to tax chargeable amount zaida a rahi hai. es issue ko kesy solve karen?
may be certificate have some, issue also possible IRIS have some issue, for this make month wise salary details, which is actual credit in your account, after that check the right direction
Informative video
@@munakhan100 👍
installment pay jo plot hy 7E form us ky liya bi fill hota hy ya fillnal amount py he krna prhta hy
Form need to fill, tax not applicable, if form not filled, thn at the time of sale certificate, will be not available, so 1% extra tax need to pay
where to show other benefits such as yearly bonus, monthly incentives upon achieving targets. these two things are added by company in salary slip other than routine salary
Taxable and part of salary
Much appreciated for the clear explanation. However, it seems that the medical exemption on salaries was skipped. Could you please share excel format?
Watch salary exemption lecture
AoA Sir
my question is, As ...
If a person source of annual income is pension & pension is till now exempt from taxes, and if he also holds a pension benefit account (PBA) in national savings.
The withholding tax is not collected on the profit earned on the deposits made in PBA.
So where he will show annual profit on PBA in tax returns, and is he have to pay additional tax while filling returns.
As he receives Approx 8 Lakh profit annually on his 48 Lakhs investment in PBA account.
Sir please explain it.
Thanks
Yes need to pay and also report
Salary should be taken on Accrual Basis or Receipt Basis (Cash Basis), for example if i Received my june-24 salary in July 24 should this be included in my 24 return?
For one month no issue, take as cash basic, also check whether your employer deposit in same tax year or not, match the tax payment, with salary
Expenses Reimbursemnts main hamen company medical + Travel other benfits like sb kuch reimbursments hain wo salary ki amount ki amount 50% bn jata hai kya wo bhi mention krna hai lazmi yan reimburse show hi na kren ?
Its good excel sheet... how can we get this
Assalam u Alaikum
What balance of provident fund will be posted in wealth statement? Employee and Employer's contribution both or just employee's contribution?
all amount that is deducted from your month salary, only your contribution
Why normal return form is better than salary return form according to your lecture???
Both ok, in normal easy to file
Can u plz guide me.....mere walid ki death gogai thi 2022 me un k dues milay thay 70 lac round about...today balance hai almost 55 lac ye amou meri mother k account me hai....kindly mjhe batain kaise asjust kru mother ko filler bnana hai q k ye amount withdraw krwani hai
7 E fair Market value kia لکھیں?? Cost Declared Value ?
@@miansaeed2001 use relevant lecture comments box for questions
Please post a tuturial for netmetering advance tax deduction by KE section 153 1a. How to mention in return
@@abdulwahidkhan9024 yes sure.
@@abdulwahidkhan9024 0300-7574731 pls share one copy of bill on this number
AOA,
Sir agr 5 Million RS around paisy ho us ko virasat waly point mai lik sakty hai? us par tax daina hoga (abu filer nai thy).
W.salam no if really share from father, we need to prove that, if in future, any requirement from FBR
Nice video
👍
Aoa... Very well explained... Please share excel sheet... Thanks...😊
@@qummersaeed 👍
Income will be gross salary not net salary...
excellent
👍
sir agr salaried employee ke stocks exchange me investment ka profit kahan pe mention hota hai profit me se tax deduct already ho jata hai
Please clarify if i have rental income of 1.5 lac other than salary where shall i put it on iris? If i put it in rental income tab it start showing taxable income. Please guide.
Income from Property
@@faheempracticallearning but in this it starts showing taxable income although rental income less than 2 lac are exempted from tax. Should i add the same value in exempted rental income as well?
@@Life4Love no just in total amout, system auto calculate, in combination of other income
Sir plz mje gp fund advance loan k bary ma bta dain kase manage krna h
Aoa brother if Government employee go on the deputation in the foreign country and Pakistani salary have been stop. Plz tell me either deputation salary of this is exempted from tax or not.
Under which section foreign salary is exempted
Yes exempt
@@faheempracticallearning plz give me the reference
@@faheempracticallearning brother plz reference b Bata den
Property on installments is to be recorded in tax return or not and how it is to be entered in tax return?
Yes need to report in tax return
@@faheempracticallearning when installments are not complete. Further will such property be considered and evaluated for E7 purpose. When possession not handed over how it will be considered for E7
@@khalidMahmood-ew4vm if ownership not transferred thn not eligible, for payment under section 7E
Salary ky elawa jo cash bank account my deposit hohi hy kese bi person ny send ki ha us ka kiha kry ..
Os ko ignore kr dy ya usy bi return my batana pary ga
Must be reconciled
@@faheempracticallearning
کیسے ۔۔ اس رقم کہاں شوکیا جائے ۔ انکم میں تو نہیں لکھ سکتے
@@gilyatnewsupdates8443 yes it is risky
today iris is not working properly. Please verify. Total pay is entered by calculate button not updating any thing.
Yes some issue
ek aur cheez govt employees salary lete hain net ki shape me lekin tax katata he gross per baki treatment kese hugi
Can you please share that excel sheet for working? Thank you.
👍
@@faheempracticallearning Muje b chahye bhai
@@theheart446 👍
Pls share Excel sheet
Very informative video. Much appreciated
How to file income as per Section 42 on IRIS (UN employee). Where to show it as it is exempt from tax?
Very good lecture sir Please kindly share the excel sheets sir
👍
Excuse me sir hum na aik property purchase ki ha 27 June ko to oss property ki total amount ko bi capital asset ma likha ga?
@user-vo3sk8sp9l yes both in capital assets and wealth
I work in a company, my name was selected for Hajj in quraa andazi from company. Where should I fill this in FBR tax return form?
Dear, in share stocks I invested 100000, now, on closing that 30.6.24 value of holding stock is 80000 On what value do I have to declare the stock value? foreign currency rates also vary. how we can report these assets in wealth statements
wait for shares lectures
@@faheempracticallearning also discuss if someone sold his car e.g purchased 800000 after a year or two sold 1000000 where to declare the gain of 200000 is it taxable income to just gain on disposal of an asset in the wealth statement
@@tahahussain4179 yes need to report in wealth, but not taxable
AoA,
Sir Please can you share theses excel sheets? thank youi
If a salaried person is receiving their spouse's pension, will the pension also be shown in the tax return and in which tab?
Pension will be shown as income but it will be exempted from tax
Assalamo alekum sir, showcause Notice to impose penalty u/s 182 for failure to furnish return u/s 114
Sir ye 2018 ki return ka notice march 2024 mein aaaya tha jis ki last date 11 march 2024 thi.but mein jawab nhi de saka tha but ab 30 June guzur chuki hai aur time bard ho chuka hai, tu kia FBR ab koi aur notice issue karsakta hai after 30th june 2024 as per law , q k 6 sal 30th june 2024 ko ho chuky hein plz explian
Just file return only, no need to pay penalty amount, if later he asked you can deposit. Further you can also check the back dated lecture, for more details
Sir , 21518 closing bal amount aap ne kese calclate ki hi ?
An employee file tax return choose salary return instead of normal return is it okay
Very well explained, kindly share this excel template.
👍
AA.sr I have bought a solar system of cost 6 lac .how can I show it in return file
W.salam report as an asset
Sir business individuals ki return filing par video bna dain
Yes sure, one Already have
@@faheempracticallearning sir aik latest bna dain complete details ky sath
@@lemuzamal 👍
Sir plz guide mere salary account mai salary account k elawa cousin ki commetti ki amount ati hai r maine use online amount return b ki hai to kia is transaction ka koi issue ho ga
Sir single owner business ki return kaisay file kartay hain
I have earned 5M from freelancing working in company as employee already tax deducted. Is there any tax amount need to pay on freelancing income
When we enter our CNIC for login process which possoward we need to use
@@bbmathematics224 IRIS
Please share template of your computed excel sheet for easeness of employees
kindly share the cash flow statement in xls format
@@MohsinKhan-fv2ww 👍
@@faheempracticallearning
Very informative, can you share your excel format
@@aimamanagement4863 👍
سر 2024 کے ریٹرن میں ریفنڈ کی ایڈجسٹمنٹ کرنے کا کیا طریقہ ہے ؟
Agar hame salary cash milti ho to phir kaise return file karein?
Report all salary and pay tax
Faheem bhai please share excel working sheet also
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Asalamalaikum. Main may text return Kar dia 2023_2024 ki. System main bhi show horaha aur active filer bhee show horaha ha magar mujhe mobile par aur email par confirmation ka message nahee aaraha ha plz guide me.
Jazak Allah khair
Sir United Nations ki salaries exempt ku hoti hai. Mai bohat say logo ko janta ho jo United Nation mai kaam kartay hai aur salary pai tax nahi daitay
Sir kindly share Excell format with with JazakAllah
@@UmarFarooq-ql4gk yes sure
Mery pas 1 lacks rupees salry k ilawa aye hain ,as a agent ,aur ma hamesha salary hi show krta hn tw wo 1lack ko kiya likhon?
Loan reciev from.friend like ?
SIR KYA YE EXCEL SHEET MEL SAKTI HAI ?
Sir.
Bank Balance on 30 June ki entery kis column no me hoti hy.
And.
Cash available ki entry kis column me no me hoti hy
@@khalidramzan1650 watch complete lecture, already explained
Sir. Kindly share lecture link. I am unable to find
@@khalidramzan1650 in same lecture already explained
Sir foreign remittance ae hy account Mai, us se land purchase ki hy to iski entry kese karaingy?
This is technical part, better to take services of professionals, may be not clear with reply.
Good information
@@mbqamar7892 👍
Sir kindly tell how to add property taken on installment for government employee
@@mansoorakber1436 till June add values of all installments paid including down payments if any in assets
@@faheempracticallearning for every year new bar enter krni h or previous entry delete kr dayni h???
sir, salary file return me admitted tax ka challan bhi submit krwana hota hai kiya ????
Yes admitted means tax payable, if other adjustable tax available put and adjust
@@faheempracticallearning sir iska kiya procedure hota hai ?
Sir kindly excel wali file share kar den plz...
is tax calculated on Net or Gross salary?
Gross
Pls share excell file i m very thnkful for this
👍
Good lecture please share link of excel file
@@asifali-bx9he 👍
medical allowance 10 % lena chahye ya nahi ?
Yes as per rules 10% of basic salary is exempt
If a loan is received and repaid within the tax year, does it need to be reported?
No, but it must be reconciled
nice video .. sir excel sheet link mil jay ga?
@@abduljabbarali5673 👍