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# FIN623 Taxation Management GDB No 01 Fall 2020 Solution / Discussion Last Date: 27-11-2020

FIN623 Taxation Management GDB No 01 Fall 2020 Solution / Discussion Last Date: 27-11-2020

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FIN623 GDB Solution Fall 2020 File

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FIN623_GDB_Solution_Fall_2020

FIN623-taxation - GDB- Solution 2020

Fin623 GDB Solution

1.
Expense shirking is characterized as legitimate measures to utilize the assessment system to discover approaches to pay the least pace of duty, e.g placing sparing for the sake of your accomplice to exploit their lower charge band. Tax avoidance is finding a way to try not to settle charge, for example not proclaiming pay to the taxman.
2.
Zia tax year 2020
Basic salary 900,000 x 12= 10800,000
Income tax payable = 10800,000*10% =1080,000
Taha tax year 2020
Basic Salary 900,000 x12 = 10800,000
Income Tax payable = 10800,000x10% =1080,000

Zia Tax Year 2021
Basic Salary 900000 x12 = 10800,000%20% =2160,000
Basic salary = 10800,000+21606000=12960,000
Income tax payable = 12960,000 x12 = 11404,800
Taha Tax Year 2021
Basic Salary 900000 x12 = 10800,000%20% =2160,000
Basic Salary =10800,000 +21606000= 12960000
Income Tax payable = 12960,000*12 =11404,800

FIN623 GDB Solution Fall 2020 File

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FIN623_GDB_Solution_Fall_2020

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