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Income Tax Calculator Pakistan 2014 2015

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As per the Finance Act 2013 approved by Government of Pakistan, this web based tax calculator applies income tax rates in Pakistan on taxable income of salaried persons and salaried class. A salaried person class slabs are applicable where salary income exceeds more than 50% of the total taxable income. Please share with us your […]

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Salary Income Tax Slabs Financial Year 2014-2015

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As per the Finance Act  passed by Government of Pakistan, following  slabs and income tax rates shall be applicable for  salaried persons  and salaried class for the year 2014-2015: Where the taxable salary income does not exceed Rs 400,000, the rate of income tax is 0%; Where the taxable income exceeds Rs 400,000 but does […]

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Budget 2014/15 Salient Features

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Budget 2014/15 Salient Features » Finance Minister Mr.  Ishaq Dar submitted  the budget for the fiscal year 2014-15 in National Assembly with a total outlay of Rs3.945 trillion. The total outlay of budget 2014-2015 is Rs 4,302 billion. This magnitude  is 7.9% higher than the size of previous year budget estimates 2013-14. The resource availability […]

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5 business habits you must avoid

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If you kept on doing small mistakes repeatedly, then it will become your habit which can cost you a lot. You cannot be perfect but you can at least try to avoid doing mistakes and learn from the previous ones for better performance.   We have mentioned 5 small common business mistakes with guidelines to […]

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Disadvantages of Tally Accounting Software

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Softwares provide us the easiest way to perform work related tasks in an easy way. Earlier, the businesses have to spend different time consuming resources to manage the accounts but now accounting softwares made the job easier to keep large amount of accounts data. Tally accounting software is beneficial for the professional accountants but it […]

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Disdvantages of Quickbooks

Disadvantages of Quicbooks

Not built with cloud in mind Most of the old version of quickbooks are desktop based while hisaab accounting software provides complete cloud based 24/7 online access, which can be easily and securely accessed from anywhere in the world. Multiple Platform Support Unlike Quickbooks Hisaab accounting software provides a platform independent solution which can be […]

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Income Tax Slabs Financial Year 2013-2014

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Total  number  of tax slabs had been increased from  the current  six to 12. According to officials, the incidence of income tax on middle income group has also been increased. According to the Finance Bill (2013-14) issued here on Wednesday: Slab-1 Where the  taxable income  does not exceed Rs 400,000,  the rate  of tax is […]

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Useful Accounting and Taxation Links

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FBR Pakistan’s Active Tax Payer’s (ATL) List https://e.fbr.gov.pk/ATLSearchUtility.aspx FBR’s  portal for e-filing https://e.fbr.gov.pk/AuthLogin.aspx Federal Board of Revenue  Official website  (FBR) http://fbr.gov.pk/ Government of Pakistan GoP http://www.pakistan.gov.pk/ Large Taxpayer Unit (LTU), Karachi City http://ltukarachi.gov.pk/ Large Taxpayer Unit (LTU), Lahore City http://ltulahore.gov.pk/ Regional Tax Office (RTO), Karachi http://www.rtokarachi.gov.pk/ Online English Dictionary http://dictionary.reference.com/ Online NTN Verification Portal http://regsys.fbr.gov.pk/Registration/onlinesearchTaxpayer.aspx […]

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