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Compute HC tax liability for tax year

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Reference no: EM132563043

Question - Hygiene Company (HC), an AOP, is engaged in the manufacturing of variousconsumer products and is assessed under normal tax regime. During the year ended30 June 2020, HC's sales was Rs. 14,000,000. It includes sales tax of Rs. 1,000,000 and excise duty of Rs. 500,000. The taxable income for the year is Rs. 1,170,000.

Required - Compute HC's tax liability for tax year 2020, under the provisions of the Income Tax Ordinance, 2001 (Tax rates of AOP is fixed at the rate of 25%).

Reference no: EM132563043

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