Payroll and Pension Services
We run payroll so that salaries, tax deductions and contributions are correct every month.
Services
- Monthly payroll processing and payslips
- Salary tax deduction under section 149 and deposit of tax deducted
- Withholding statements for salary
- EOBI registration and contributions
- Provident fund and pension contribution records
- Final settlements, gratuity and leave encashment calculations
- Tax deduction certificates for employees
Why it matters
An employer who fails to deduct or deposit tax on salary can be held liable for the tax under section 161, together with default surcharge and penalty. Accurate payroll protects the business and gives employees correct certificates for their own returns. Employees can check their deduction with our salary tax calculator.
Frequently asked questions
How is tax on salary deducted each month?
The employer estimates the employee’s salary for the full tax year, works out the tax on it and deducts it across the year under section 149. Bonuses, arrears and increments change the monthly figure.
Tax Hub Consultants, Sahiwal
Book a complimentary 30-minute review of your tax and compliance position.
Phone (040) 2090543 · 5th Floor, Sahiwal Galleria, Girls College Road, Sahiwal · info@taxhubconsultants.com
Related: Salary tax calculator · Income tax and sales tax · Bookkeeping