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Rates of Taxation and tax year ? Rates of Taxation and tax year ?

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  #1  
Old Saturday, February 21, 2015
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Default Rates of Taxation and tax year ?
seniors plz tell me rates of taxation will be given by fpsc in examination center or i have to memorize and one thing more that which tax year for which we will be examined ? i.e. in current CE-2014 we will be examined for Tax year 2013?
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Old Wednesday, March 11, 2015
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Default Tax rates
Tax year started from July, 2013 to June, 2014.
So if you are in 2014 you will study tax rules for 2013.
But if you are in 2015 then you will study tax rules for 2014.

Secondly, tax rates are to be memorized. These are not given in exams.
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Old Thursday, March 26, 2015
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Tax Rates should be memorized. Having said that, analysis of Past Papers shows that the examiner does not necessarily requires calculation of tax liability. So you should focus on calculating taxable income and then move on to memorize rates!
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Old Thursday, March 26, 2015
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Taxation is the most easy section as far paper -2 is concerned. one should focus on calculation of taxable income while preparation. Also deductions and tax credits are tested. As far rates are concerned, only taxable income was asked In css 2015 but learning rates can be an added advantage as by calculating tax liability will give 2 more marks, if specifically asked by the examiner. Rates are not given in the paper.
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