Consultancy

Salary Can Be Paid Through Digital Mode

Posted on by Muhammad Waheed Ensari

Salary Can Be Paid Through Digital Mode

Salary Can Be Paid Through Digital Mode via Section 21(M): A person can incur salary expense other than through crossed banking instrument within a limit of Rs 25,000/- per month.

The amendment Ordinance has expanded the channel of distribution of salary by including through digital mode in it. Now a person can make salary payment through digital mode to employee and claim it as a tax expense.

For more information on FBR’s new regulations / circulars/ SROs/ amendments in taxation laws in Pakistan please visit https://www.fbr.gov.pk/

For taxation services please contact us and to read more of our blogs click here.

Muhammad Waheed Ensari

Founder & CEO, BeSpoke Consulting and Training with 20+ Years of Professional Experience (International and National) in the field of Business Development, Taxation, Accounting, Finance & Auditing with good understanding of financial management system. Strong exposure in the field of general accounting, G/L maintenance, financial reporting and Internal control procedures. Expert in handling people of diverse nationalities, and renowned for being an excellent team player with a positive “can do” attitude. Energetic & self-motivated with a high degree of cultural sensitivity.

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