What Does FTTA Stand for?
(FTTA) Stands for Full-Time Teacher allowance
What is FTTA?
Full-Time Teacher allowance is actually a rebate or relief which is given to a teacher or Researcher whose teacher or Researcher of a recognized non-profit education or government research institution shall be allowed a reduction of 25% of tax payable. The Institution must be recognized by the higher education Commission or Board of education.
A full-time teacher means a person is employed only for teacher purposes and not perform any medical and administrative work like Principals, Headmaster, Director & Chairman, etc.
This is a rebate shall not apply to teachers of the medical professionals who derive income from private medical practice or who receive a share of consideration from patients.
Calculation Of full-time teacher Allowance (FTTA)
If a person is a full-time teacher from an approved non-profit educational institution then he can claim a rebate of 25% which reduce his tax liability Suppose a person has a tax liability of 390,000 for the year then he can claim the Full-Time Teacher allowance of 25% deduction from the (FBR) Federal board of revenue.
like
tax liability for the Year is 390,000
less, 25% Full-Time Teacher allowance ( 97500)
tax liability is = 292500
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