Riaz Academy
INCOME TAX : INCOME FROM SALARY – [SECTION – 12]
![INCOME TAX : INCOME FROM SALARY - [SECTION - 12]](https://2.bp.blogspot.com/-phyD3NDU_K0/WJqJ48JjmMI/AAAAAAAACGk/9wh_hxi4wgAIqjIZpOgqiSxkrlsJpt7xQCLcB/s400/How-to-calculate-taxable-income-696x321.png "INCOME TAX : INCOME FROM SALARY - [SECTION - 12]")
Ch.Zain & Zubair
Tax year 2016
Tax year Ended: 30-06-2016
Residential Status: Resident
Computation of tax payable
Income From Salary (Section-12)
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1.
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Basic salary
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xxxx
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|
2.
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Bonus
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xxxx
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|
3.
|
Commission
|
xxxx
|
|
4.
|
Cost of dearness allowance
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xxxx
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|
5.
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Cost of living allowance
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xxxx
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|
6.
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Cost of overseas allowance
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xxxx
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|
7.
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Salary
|
xxxx
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|
8.
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Encashment against unavailable leave
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Fully Taxable
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|
9.
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Entertainment Allowance
|
//
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|
10.
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House rent Allowance
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//
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|
11.
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Conveyance allowance
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//
|
|
12.
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Tax paid by employer
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//
|
|
13.
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Lahore Gym Khana membership fee
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//
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|
14.
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Relocation Allowance
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//
|
|
15.
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Senior post allowance
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//
|
|
16.
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Accidental insurance paid by employer
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//
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|
17.
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Leave encashment during continuity of employer
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//
|
|
18.
|
Lunch facility
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//
|
|
19.
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Hotel Bills for pleasure trip
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//
|
|
20.
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Utility Allowance (Gas, Electricity, Telephone)
|
//
|
|
21.
|
Special Additional Allowance
|
//
|
|
22.
|
Orderly Allowance
|
//
|
|
23.
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Reward On passing departmental Exam
|
//
|
|
24.
|
M.Phil. allowance
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//
|
|
25.
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Ad hoc Relief
|
//
|
|
26.
|
Research Allowance
|
//
|
|
27.
|
Compensation for temporary Disablement
|
//
|
|
28.
|
Special relief allowance
|
//
|
|
29.
|
Children education Facility
|
//
|
|
30.
|
Entertainment Facility for personal benefit
|
//
|
|
31.
|
Salary of Mali & Chowkidar by employer
|
//
|
|
32.
|
Refrigerator Facility provided by employer *
|
//
|
|
33.
|
Balance Amount of Loan Waived off by employer
|
//
|
|
34.
|
Termination compensation received from Prev. employer
|
//
|
|
35.
|
Computer purchase from company*
|
//
|
|
36.
|
Compensation in lieu of unserved notice period
|
//
|
|
37.
|
House servant salaries borne by employer
|
//
|
|
38.
|
Cooking Range provided by employer
|
//
|
|
39.
|
Ph.D. Allowance
|
//
|
|
40.
|
Efficiency allowance
|
//
|
|
41.
|
Special pay
|
//
|
|
42.
|
Free Lahore USA return ticket
|
//
|
|
43.
|
Pay in lieu of leave
|
//
|
|
44.
|
Incentive award
|
//
|
|
45.
|
Re-reimbursement of running expense of personal car*
|
//
|
|
46.
|
Performance award
|
//
|
|
47.
|
Over time payment
|
//
|
|
48.
|
Annual leave fare assistance
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//
|
|
49.
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Compensation for early retirement
|
//
|
|
50.
|
Project allowance
|
//
|
|
51.
|
Pension received from ex-employer*
|
//
|
|
52.
|
Compensation for loss of employment
|
//
|
|
53.
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Free Transport facility to employer or to his family
|
//
|
|
54.
|
Travelling and daily allowance
|
//
|
|
55.
|
Best executive award fair MBT value
|
//
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