The amount of tax to be withheld


When computing the amount of tax to be withheld from anemployee's salary, can tax credits under the Ordinance towhich an employee is entitled be taken into account, such as thoserelating to:

a) Approved donations;

b) Interest on housing loan;

c) Investment in shares; and

d) Contribution to approved pension funds

Further, can the employer reduce the withholding tax for tax paidby the employee with utility bill payments and with payments formotor vehicle token fee?

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Accounting Basics: The amount of tax to be withheld
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