How to Calculate Income Tax on Salary - 2020| Aamir Ilyas
Calculation of Income Tax on Salary Income for the year 2020 under the Income Tax Ordinance, 2001. Tax calculation is necessary before filing of Income Tax Return to Federal Board of Revenue (FBR) and to know whether your employer is deducting tax on your salary correctly or otherwise. I have discussed Income Tax Slabs for the year 2020, Tax credits such as payment of Zakat, investment in shares and insurance and investment in health insurance. Moreover, I have also discussed adjustable taxes for claiming tax refund while filing tax return.
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