15% Flood Surcharge Tax on Employees Salaries w.e.f March 16, 2011

Government of Pakistan has imposed 15% Flood Surcharge Tax on Employees Salaries of all government, semi Government & Private departments w.e.f March 16, 2011.

PROCEDURE FOR PAYMENT OF  15% SURCHARGE ON PAYABLE INCOME TAX

a.  Caption  15% Surcharge on payable income tax
b.  Payment Section 4A
c.  Pay Section Code 89 (for Departmental use only)

1. SELF PAYMENT
Where a taxpayer wants to pay his  self payment such as advance tax
payment u/s 147, he will prepare two separate payment slips, i.e, one for
Actual Tax Payment and second for  the 15% Surcharge on Income Tax
Paid. Hence two separate CPRs will be generated in such cases by the
SBP and NBP.

2. WITHHOLDING TAX PAYMENTS
Where the tax is withheld by a withholding agent and the withholding is
agent is depositing the tax, he will make two entries for each taxpayer in
the same payment slip as follows:

3. APPLICATION OF 15% Surcharge on payable income tax
a) Salaried Persons – Deduction u/s 149
The employers will deduct the 15% surcharge on the income tax payable
on portion of the salary pertaining to  the period starting from 15th March
2011 to 30th June 2011.
b) Other Withholding Tax
All withholding agents will deduct 15% surcharge on the income tax
payable on payments from 15th March 2011 to 30th June 2011.
c)  Advance Tax Payment u/s 147
The tax u/s 147 due from 15th March 2011 to 30th June 2011.

4. Time of Payment of 15% Surcharge on payable income tax
15% surcharge on payable income tax must be deposited at the time of
deposit of the tax.

 

5 Comments


  1. Wow, wonderful weblog format! How long have you been running a blog for? you made blogging glance easy. The overall look of your website is magnificent, well the content material!

  2. rana akram says:

    Assalam O alaikum
    ETISALAT managment consist on persons who are just like a shopkeepers they have very negative attitude against employees.when 50% pay was increase this mangment tortured employees and made FIR,s and arrested them by police and giving bribe to babar awan.this mangment also did not increase pension of poor pakistai peoples which pakistani government already announced.But Pakistani government announced to cut some tax from the payment of employees.then Etisalat did this just in minute.during protest many people are dismiss and suspend from 9 months.these people are living tjeir life very hardly.
    MAY GOD DESTROY ETISALAT.MAY GOD BURN THEIR HOMES OF MANAGMENT.MAY GOD DESTROY ETISALAT,S MANGMENT(SHOPKEEPERS) aaaaameeen


  3. If any deduction required, PTCL is a government organization, otherwise if government announces increase in pension or salary then PTCL is a company. What a Justice.


  4. ETISALAT MANAGEMENT OF PTCL FAIL TO FULFILL FED.GOVT. ORDERS. DEAL OF PRIVATIZATION WITH ETISALAT MAY TREAT AS VOID.

    Mr.Tajammal Hussain I agreed with your comments. Thanks

  5. Tajammal Hussain says:

    is the penssion and medical allowance was not increased by the fedral govt.?

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