Federal Budget 2013

[muqawwee123]

Re: Budget 2013

@yazdi

Tax paid on children education (private schools), marriage ceremonies etc are adjustable towards your total income tax liability… means you deduct these payments from your tax liability and pay less tax (no question of refund here).. However if your income does not justify these payments.. then of course you pay these taxes.

If you are a salaried person, you won’t get a chance to deduct tax until filing the Return. Most of the the income of an individual (other than Salary Income) is covered under Final Tax Regime meaning i.e. tax deduction made at the time of payment of Interest, Dividend, etc is final discharge of liability for such income. If your employer is not able to give you credit for donations, investments, etc from Salary Income, then you have to file a refund application for getting credit of Donations, Investments, etc. with tax authorities and getting refund from Pakistan tax authorities is not an easy task.