21. Statement of deduction of tax under the head “Salaries

¹[21. Statement of deduction of tax under the head 'Salaries'

(1)Where a deduction is made under section 50 from an empoyee, not being a deduction by or on behalf of the Govermment, a monthly statement, in the proforma given below, shall be sent by the person making the deduction to the authorities mentioned in sub-rule (3) by the twentieth day of the month following the end of the month in which the deduction is made:

Statement of Tax Deducted from salaries

under section 50 of the Income Tax Ordinance,1984(XXXVI of 1984)

For the month of          :..................................................................................
Name of the employer  :..................................................................................
TIN                             :..................................................................................
Address                      :..................................................................................

*if payment is made in any other mode specified by the Board, provide information relevant to that mode.

I certify that-

(a) I am competent and authorized to make the statement;
(b) the particulars given in the statement are correct and complete.

Signature and Seal:
Name                   :
Designation          :
TCAN                   :
phone & E-mail     :
Date of signature   :

(2) In cases where the trustees of an approved superannuation fund repay any contributions to an employee during his life time but not at, or in connection with, the termination of his employment, the trustees shall forthwith send a statement giving the following particulars:

(a) Name and address of the employee;
(b) The period for which the employee has contributed to the superannuation fund;
(c) The amount of contributions repaid as-

(i) principal
(ii) interest;

(d) The average rate of deduction of tax during the preceding three years;
(e) Amount of tax deducted on repayment.

(3) The statement under sub-rule (1) and(2) shall be sent to the Deputy Commissioner of Taxes under whose jurisdiction the employee is assessed or to such other income tax authority or authorities as the Board may specify.]

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¹.Subs.by F. A. 2016

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