This video is about how to file Income Tax Withholding Return in Pakistan under Pakistan's Tax Laws.

In this Video Tutorial, for Learning Income Tax Withholding , you will find each & every aspect which is required to be an expert of filling Withholding Tax Statement or Withholding Tax Return.

We have divided this video in 3-Steps, Major Law & Practices, Create Payment Challan on FBR , Filling & Submission of Withholding Tax Return / Statement on IRIS.

Important Direct Links :

1- WHT Exemption Certificate Video Link :
   • Online verify Withholding Tax Exempti...  

2- WHT Tax on Salary Calculation Video Link :
   • What is Tax on Salary Income | How to...  

3- WHT Tax Rate Card Video Link :
   • What is Withholding Tax Rate Card & h...  

4- WHT Tax Rate Card 2020
https://download1.fbr.gov.pk/Docs/202... Amended.pdf

5- WHT Tax Rate Card 2023 https://download1.fbr.gov.pk/Docs/202...

Through this Tax Tutorial which guides you to learn taxation in Pakistan will clearly help you to know the followings :

1- What is Withholding Tax Return
2- Nature of Withholding Tax
3- What is Tax Deduction at Source
4- How Withholding Tax is Being Deducted
5- What is Withholding Tax Regime
6- What is Withholding Tax Payer & Withholding Tax Agent
7- What is Withholding Tax Agent
8- Who can be Withholding Tax Agent or who can Deduct Withholding Taxes
9- What is the Role of Withholding Tax Exemption Certificate
10- How to Make a Payment under Withholding Tax Law
11- Bookkeeping / Journal Entry for a Payment having WHT Tax Deduction
12- Account Nature of Withholding Tax in Accounting
13- How to Maintain a Withholding Tax General Ledger
14- How to do Withholding Tax Calculations
15- Cross Check & Verification of Withholding Tax Ledger
16- How to Make Withholding Tax Payment Challan on FBR's Website
17- How to Make Withholding Tax PSID on FBR's Website
18- What is the Payment Time Frame or Duration of Withholding Tax Payment to Government of Pakistan
19- What is General & Acceptable Practices for Payment of Withholding
Tax Payment to Government or FBR
20- Withholding Tax Rates Card Year 2020
21- Withholding Tax Rates Card Year 2023 & onwards
22- How to do Data entry for Preparing PSID or Income Tax Withholding Payment Challan on FBR's Website
23- How to Reprint PSID or Withholding Tax Payment Challan
24- How to Search & Download any Withholding Tax Payment Challan or PSID
25- What are the Taxation Status in WHT Taxes
26- What are Taxation Status Withheld Income Tax Adjustable & Final Fixed
27- What is Correct name of Withholding Tax Return
28- What is Withholding Tax Statement
29- What is the Time Frame / Time Line for Filling or Submitting Withholding Tax Return & Statement
30- When Tax Year Starts & Ends
31- What is Legal period & Tenure for filling of Withholding Tax Return or Statement
32- What is the Last Date for Submission of Withholding Tax Return or Statment
33- What Penalties, Default Surcharges & Punishment are on Non Payment, Late Payment, Not Filling or Late Filling of Withholding Tax Statement / Return
34- How to Do Data entry for Filling or Submission of Withholding Tax Return / Statement.
35- How to Submit Withholding Tax Return or Statement.

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Video Link :    • How to File Income Tax Withholding Re...  

Video Highlights :
*****************************************************************************************************
00:00 Intro
00:25 Basic Concept of Withholding Income Tax and & deducted at source?
00:45 What is Withholding Tax Regime?
01:05 What is Withholding Tax Payer & Withholding Tax Agent?
01:33 Who Can be withholding Tax Agent and who is responsible to deducted withholding taxes?
02:16 Journal Entry of Withholding Tax Payable?
02:54 How to prepare Withholding Tax Payable Ledger & Withholding Tax Calculation Sheet?
05:16 How to Verify withholding tax Payable ledger?
06:02 What is the Timeline for Making Payment of Withholding Tax?
07:24 How to Create PSID or Withholding Tax Payment Challan on FBR?
18:22 Timeline for Withholding Tax Return or withholding Tax Statement Filing , Penalties & Charges in case of Non Filing or Delayed Filing?
19:56 How to Submit Withholding Tax Return or Withholding Tax Statement on IRIS?

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