NEW INCOME TAX SLABS AND CALCULATION OF INCOME TAX — COMPUTATION OF TAXABLE INCOME & CALCULATION OF INCOME TAX OF A SALARIED PERSON

By Muhammad Imtiaz|2020-12-22T04:02:21+00:00July 29th, 2019|My Achievements|0 Comments

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COMPUTATION OF TAXABLE INCOME AND CALCULATION OF INCOME TAX OF SALARIED PERSON

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About the Author: Muhammad Imtiaz

ELIGIBLE FAMILY MEMBERS FOR PAYMENT OF GRATUITY / FAMILY PENSION (PUNJAB GOVERNMENT) — ACCORDING TO RULE 4.7(1) OF THE PUNJAB CIVIL SERVICES PENSION RULES, THE TERM “FAMILY” FOR THE PURPOSE OF PAYMENT OF GRATUITY UNDER THIS SECTION SHALL INCLUDE THE RELATIVES OF THE GOVERNMENT SERVANTS. ACCORDING TO RULE 4.8 (D) OF THE PUNJAB CIVIL SERVICES PENSION RULES, WHEN THE GOVERNMENT SERVANT LEAVES NO FAMILY AND THE WHOLE OR PART OF THE GRATUITY IS NOT COVERED BY A VALID NOMINATION, THE AMOUNT OF GRATUITY SHALL BE PAYABLE TO THE SURVIVING RELATIVES, IF ANY, OF THE GOVERNMENT SERVANT IN EQUAL SHARES. ACCORDING TO RULE 4.10 (1) OF THE PUNJAB CIVIL SERVICES PENSION RULES, “FAMILY” FOR THE PURPOSE OF PAYMENT OF FAMILY PENSION SHALL BE AS DEFINED IN SUB-RULE (1) OF RULE 4.7. IT SHALL ALSO INCLUDE THE GOVERNMENT SERVANT’S RELATIVES MENTIONED IN CLAUSE (D) OF RULE 4.8.

April 12th, 2021 | 0 Comments
CASUAL LEAVE RULES (PUNJAB GOVERNMENT) — A GOVERNMENT SERVANT ON CASUAL LEAVE OR ON QUARANTINE LEAVE IS NOT TREATED AS ABSENT FROM DUTY AND HIS PAY AND ALLOWANCES ARE NOT INTERMITTED, AS SUCH LEAVE IS NOT RECOGNIZED REGULAR LEAVE. CASUAL LEAVE SHOULD NOT ORDINARILY EXCEED 10 DAYS AT A TIME AND 25 DAYS DURING ANY ONE CALENDAR YEAR. THE SANCTIONING AUTHORITY MAY, HOWEVER, GRANT CASUAL LEAVE UP TO 15 DAYS AT A TIME IN SPECIAL CIRCUMSTANCES. NO GOVERNMENT SERVANT MAY LEAVE HIS HEADQUARTERS DURING CASUAL LEAVE OR HOLIDAYS EXCEPT WITH THE PERMISSION OF THE SANCTIONING AUTHORITY.

March 24th, 2021 | 0 Comments
CHANGES IN THE RATES OF NET PENSION AND COMMUTATION / GRATUITY (PUNJAB GOVERNMENT) — THE AMOUNT OF PENSION THAT MAY BE GRANTED IS DETERMINED BY LENGTH OF COMPLETED YEARS OF QUALIFYING SERVICE OF A GOVERNMENT SERVANT AS SET FORTH IN RULE 4.4 OF THE PUNJAB CIVIL SERVICES PENSION RULES. AFTER A QUALIFYING SERVICE OF NOT LESS THAN 10 YEARS, FULL SUPERANNUATION, RETIRING, INVALID OR COMPENSATION PENSION MAY BE GRANTED IN ACCORDANCE WITH THE SCALE.

February 22nd, 2021 | 0 Comments
RATES OF FAMILY PENSION, MINIMUM FAMILY PENSION AND MINIMUM PENSION (PUNJAB GOVERNMENT) — ACCORDING TO RULE 4.4(1) OF THE PUNJAB CIVIL SERVICES PENSION RULES, NO FULL PENSION (INCLUSIVE OF INCREASES IN AND INDEXATION OF PENSION SANCTIONED FROM TIME TO TIME) SHALL BE LESS THAN RS.300/- PER MONTH AND THE FAMILY PENSION GRANTED UNDER CLAUSES (a) AND (b) OF SUB-RULE (3) OF RULE 4.6 OF THE PUNJAB CIVIL SERVICES PENSION RULES, SHALL NOT BE LESS THAN RS. 150/- PER MONTH WHICH WAS INCREASED BY THE GOVERNMENT OF THE PUNJAB FROM TIME TO TIME

September 28th, 2020 | 2 Comments
INAUGURATION CEREMONY — I WAS HONOURED BY THE MANAGEMENT TO BE A CHIEF GUEST, TO CUT THE RIBBON IN AN INAUGURAL CEREMONY, TO MARK THE COMMENCEMENT OF A NEW BUSINESS OF A CAFÉ WITH A UNIQUE NAME “LAUNG LAACHI DE CAFÉ” SITUATED AT 910 R-1, JOHAR TOWN, LAHORE (OPPOSITE TOPAZ EVENT COMPLEX)

August 31st, 2020 | 0 Comments

NEW INCOME TAX SLABS AND CALCULATION OF INCOME TAX — COMPUTATION OF TAXABLE INCOME & CALCULATION OF INCOME TAX OF A SALARIED PERSON

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