TAX Deduction
There are three types of Tax deduction and information are below :
- Sales Tax
- Income Tax
- Service Tax
Sales Tax
- 19.5% (Almost 20%) on Each and Every Thing
- Exemption of Sale Tax
- Sand, Soil , Pena Flex, Medicine, Photocopies Caregiver and teacher salary, Utility Bills,
Service Tax
- Service Tax will be apply on Labour (Mazdoori, Rent etc)
- Service Tax will be applicable on Receipt above of 25,000 PKR only.
- Receiving Receipt Mandatory with Signature and Date and Phone number
- Filer 15%
- Non Filer 30%
Income TAX
- Income Tax Will be Applicable on receipt above of 75,000 PKR
Excluded Items:
- Labour Payment, Daily Wages and Utility Bills
Included Items:
- Every Purchasing, Caregiver, Teacher’s Salary etc
Summary of TAX Calculation (NSB)
| Details | Percentage % | Filer % | Non Filer % |
| Sale Tax (Every Purchasing) | 20% | ||
| Income Tax (Above 75K) | 4.5% | 9% | |
| Service Tax (Above 25K) | 15% | 30% |
Note
- Filer mean Purchasing through registered Firm having NTN GST Number
- Non Filer mean local shop and store those not registered with FBR
- Totally exceptional Items are : Electricity Bill, Telephone Bill, Mobile Balance, TA/DA, Coal, Ice,
- TA/DA must have 100% logic to justify or permission form immediate Officer.
