Sponsorship

At International Level

To Look for

PEACE

                     Messages to Look for Peace                                                                   

Financial Institutions

Peace can Emerge and Prevail

By

Doing Good Deeds

How TheTax Rates are Determined

Brothers and Sisters!    

Assalam o Alleyykum

    [Peace be Upon You]

Brothers and Sisters!  Before determining the tax rates of the various avenues, the government work out the cost of living and maintain standard of living, so that every family is left with enough money to survive.

Brothers and Sisters!  Under every type of tax an amount is determined where no tax is payable. If the income or profit exceeds the untaxable income or profit, then the tax is payable.

Brothers and Sisters!  Again there are brackets that if the income or profit exceeds the lower limit then on the excess higher tax rate is determined and so on.

Brothers and Sisters!  The government prepares a budget of the outgoings of the forthcoming year. The budget has to be passed by congress, senate and signed by the President. Once it is signed by the President then determined tax rates are applied upon the income and profits of the tax payers.

Wass’a’lam

Naseer Aziz

Principal Call for Peace

Messages to Look for Peace

PS:

Sponsorship

Brothers and Sisters! Please read the Post: Sponsorship in the Navigation Bar as to why it is needed to keep conveying the Messages to Look for Peace until the Day of Resurrection and how it will be expended until the Day of Resurrection.

Wass’a’lam