RSM Avais Hyder Liaquat Nauman RSM International

Chartered Accountants

HEAD: Salaries and Other Benefits

Sign-off: Initials Date

Client namePMDC - Model School Khewra Prepared
MA 12-Feb-25
:
Year end: June 30, 2024 Review: LH

2024 2023
Code Formations/Particulars Ref: Variance %age Remarks
(Rs.) (Rs)
Variance is due to
Salaries and Other Benefits 14,560,777 15,954,590 (1,393,813) -8.74% upgradation of
employees and
increments in the
months of July.
TOTAL 14,560,777 15,954,590 (1,393,813)

Work Done:
Policy:
1. Salaries are booked on Accrual basis. Tax is deducted from those employees who's total annual salary reaches taxable limit, which is then d
2. Gross salary includes Running Basic Pay, House Rent Allowance, Conveyance Allowance, Medical Allowance, and some other allowances.
3. Net salary is paid to employees after deduction of Leaves, Tax, EOBI, PF.
4. Salary sheets are prepared by Assistant accountant, checked and approved by Project Accountant & Project Manager.

Mode of Payment:
Salaries are paid through respective Bank Accounts.
Procedures Performed:
1. Obtained List of Employees as at June 30, 2023 and List of Employees left during the year
2. Obtained Salary Sheets of the 13 month (June 2020 - June 2023)
3. Obtained Attendance Sheets for 12 months (July 2020 - June 2023)
4. Obtained respective General Ledgers.
5. Obtained Tax CPRs.
6. Obtained Service Rules for Employees.
7. Obtained Contracts with Employees.
8. Obtained Letter of promotion of employees during the year
9. Checked muster rolls for respective approvals as per service manual
10. Checked employees personal files.
11. Checked attendace from Attendance Sheets to Salary Sheets on Sample Basis
12. Net pay on Monthly Salary Sheets has been checked with relevant Ledger A/C Heads.
13. Payment of Basic Pay is verified from contracts of the employees on a sample basis.
14. Contracts of employees reviewed on sample basis.
15. Reasons for variance are obtained in case of differences in salary as per working and as per salary sheets.
16. Checked casting and calculations.
17. Amounts are traced to general ledger.
18. Salary payments are verified from Bank Statements.
19. Recalculated Tax on salaries as per Income Tax Ordinance 2001
20. Checked Tax CPRs & ensured that tax deducted from employees are paid to FBR.
21. Obtained increment policy and added the effect of increment during the year.
22. Recalcuted EOBI Expense for the year.
23. Compared EOBI expense as per our workings with GL
24. Obtained Policy for Providend Fund.
25. Recalculation of Providend Fund Expense for the year.
26. Compared Providend fund expense as per our working with GL
27. Verified provident fund contributions during the year.
28. Checked data provided to actuary for accuracy and appropriateness.
29. Determined the Independence of Actuary.
30. Obtained report of Actuary.
31. Compared amount of Acturial Working with GL
RSM Avais Hyder Liaquat Nauman RSM International
Chartered Accountants

HEAD: 0

Sign-off: Initials
Client name: PMDC - Model School Khewra
Prepared: MA
Reviewed:
Year end: June 30, 2024
Date:

30-Jun-24 30-Jun-23
Code Formations/Particulars Ref
Rs. Rs.

0
Salaries And Wages 14,560,777 9,121,315

14,560,777 9,121,315
RSM Avais Hyder Liaquat Nauman
Chartered Accountants

Client Name: PMDC-Model School Khewra Sign off: Initials

Year ended: June 30, 2024 Prepared By MA
Audit Area: Salaries, wages and other benefits Reviewed By

Amount (Rs.)

Annual salary (Permanent Teaching staff) -

Annual salary (Permanent Non-Teaching staff)
Annual salary (Contract Basis)
Arrear payment(july2018-july2024) to Permanent Teaching staff
Arrear payment(different dates) to Permanent T.S Retired
Salary as per our working -

Salary as per GL
Salary & Wages (Permanent Employees) 9,417,602
Salary & Wages (Contractual Basis) 5,143,175
14,560,777

Difference (14,560,777)

Difference %age #DIV/0!

RSM Avais Hyder Liaquat Nauman
Chartered Accountants

Client Name: PMDC - Model School Khewra

Year ended: June 30, 2024
Audit Area: Salary recalculation

Basic Pay Basic Pay

Sr Name of Designati H/R Science
BPS Before After
No. Employees on @30% Allowance
Increment Increment

1 Hajra Naseer Teacher Err:502

2 Tania Waheed Teacher
3 Muhammad Khalid Teacher 16
4 Sadaf Batool Teacher 14
5 Naseem Akhtar Teacher 14
6 Shazia Bashir Teacher 14
7 Shagufta Haider Teacher 14
8 Safina Sultana Teacher 14
9 Attia Sohail Teacher 15
10 Saima Riaz Mirza Teacher 14
11 Ambreen Waqar Teacher 14
12 Ghazala Tabasum Teacher 14
13 Ayesha Rafique Teacher 14
14 Saadia Batool Teacher 14
15 Asia Mumtaz Teacher 14

Total
 Sign off: Initials
Prepared By MA
Reviewed By

Other Special Annual Provident

Gross Income
Allowance Allowance @ Gross Fund Net Salary
Salary Tax
@ 10% 20% Salary Deduction

- - -
 Date

Annual Net
Salary

-
RSM Avais Hyder Liaquat Nauman
Chartered Accountants

Client Name: Sanjwal Solar Power (Pvt.) Ltd.

Year ended: June 30, 2022 Sign off:
Audit Area: Salaries, wages and other benefits Prepared By
Reviewed By:

House Special
Runnin Special 10% 10% 10% 10% Medical Conveyan PM 10%
Basic Rent POF
g Basic Allowanc Adhoc Adhoc Adhoc Adhoc Allowanc ce Allowanc Adhoc
Pay Allowance Allowance
S. Designatio Scal Pay e 25% 2017 2018 2019 2021 e Allowance e 2016
Employee Name 45% 25% -2016
No n e
C=A*25 G=B*15
A B D=B*10% E=B*10% F=B*10% Z=B*10% H I
% %

1 Iftikhar Ahmed CFO - ### 35,000 6,250.00 3,500 3,500 3,500 3,500 - - - - - -
2 Muhammad Umar FaroAsstt Plant SP-07 22000 30,800 5,500.00 3,080 3,080 1,540 3,080 4,620 5,000 9,900 - - -
3 Sahar Mehmood FIN AssistanSP-04 11500 19,200 2,875.00 1,920 1,920 1,920 1,920 2,880 3,000 5,175 - - -
4 Jawad Shahid Khokhar Admin AssistSP-04 11500 18,000 2,875.00 1,800 1,800 1,800 1,800 2,700 3,000 5,175 - - -
5 Waqas Ahmed Plant OperatSP-04 11500 16,100 2,875.00 1,610 1,610 1,610 1,610 2,415 3,000 5,175 - - -
6 Zahid Ahmed Plant OperatSP-04 11500 16,100 2,875.00 1,610 1,610 1,610 1,610 2,415 3,000 5,175 - - -
7 Khawar Iqbal Plant OperatSP-04 11500 16,100 2,875.00 1,610 1,610 1,610 1,610 2,415 3,000 5,175 - - -
8 Muhammad Asad Plant OperatSP-04 11500 14,950 2,875.00 1,495 1,495 1,495 1,495 2,243 3,000 5,175 - - -
9 Alif Din Line Man - - 28,000 - - - - 2,800 - - - - - -
10 Mr.Muhammad Ismail Secretary - - 15,000 - - - - 1,500 - - - - - -
11 Majid Ali Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
12 Muhammad Omer LatifLabor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
13 Shahid Ali Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
14 Asrar Ahmed Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
15 Saad Pervaiz Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
16 Arsalan Farooq Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
17 Muhammad Ibrahim Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
18 Syed Mujtaba Haider Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
19 Rizwan Gul Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
20 Babar Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
21 Safeer Ahmed Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
22 Waqas Ahmed Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
23 Muhammad Arsalan Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
24 Waseem Abbas Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
25 Khalid Mehmood Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
26 Zubair Ahmed Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
27 Muhammad Irfan Labor SP-01 7,250 11250 1,813 1,125 1,125 1,125 1,125 1,688 2,500 3,263 - - -
28 Muhammad Nawaz Naib Qasid SP-01 7,250 10500 1,813 1,050 1,050 1,050 1,050 1,575 2,500 3,263 - - -
29 Zeeshan Ahmed Manager BS-18 84270 21,068 8427 8427 4214 8,427 3235 - - 4,800.00 6,069 15,173
DRA
Total
 Initials Date
HU
Reviewed By:

Deputy Gross
Allowanc Salary/
e Month
J=(B+C
+D+E+F
+G+H+I
)
- 55,250
- 66,600
- 40,810
- 38,950
- 36,005
- 36,005
- 36,005
- 34,223
- 30,800
- 16,500
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 25,013
- 23,850
12,000 176,109

###
RSM Avais Hyder Liaquat Nauman
Chartered Accountants

Client Name : National Construction Limited Prepared By: CMW

Year ended : June 30,2021 Reviewed By:
Audit Area: Salary - Salaries and Wages payable susequent Date:

Mode of Payment
Authorization

Tax Deducted
Classification
Prepared By

Calculation
Supporting
Approval
Tax

Casting/
S GL
Vouch Chequ Deduct Amount
r. Cod Date### Description
er No. e No ed (Rs.)
# e
amount

1 160 BDV - ### 2E+07 Part Payment of 50,000 P P P P P P O B

5097 salary for the
month of March
2021 to Rana
zulqarnain latif
from acount UBL
735 subsequent to
the year end.
Supporting:
Salary Slip, Bank
deposit slip
RSM Avais Hyder Liaquat Nauman
Chartered Accountants

Client Name : National Construction Limited Prepared By: CMW

Year ended : June 30,2021 Reviewed By:
Audit Area: Salary - Salaries and Wages payable susequent Date:

Mode of Payment
Authorization

Tax Deducted
Classification
Prepared By

Calculation
Supporting
Approval
Tax

Casting/
S GL
Vouch Chequ Deduct Amount
r. Cod Date### Description
er No. e No ed (Rs.)
# e
amount

2 160 BDV - ### ### Balance Payment 39,334 P P P P P O B

of salary for the
month of January
2021 to Rana
zulqarnain latif
Supporting:
from account UBL
Salary
8543 Slip, Copy
subsequent
of
to cheque
the year end.
3 160 BDV - ### 8E+05 Leave Fair ### P P P P P O B
assistance paid to
Ms. Ghazala
Shahid thorugh
Bank along with
10 days earned
Supporting:
Office Order
Signed
Observation:
Copy of cheque is
not attched.
RSM Avais Hyder Liaquat Nauman
Chartered Accountants

Client Name : National Construction Limited Prepared By: CMW

Year ended : June 30,2021 Reviewed By:
Audit Area: Salary - Salaries and Wages payable susequent Date:

N/A Mode of Payment

Authorization

Tax Deducted
Classification
Prepared By

Calculation
Supporting
Approval
Tax

Casting/
S GL
Vouch Chequ Deduct Amount
r. Cod Date### Description
er No. e No ed (Rs.)
# e
amount

4 852 PCV ### Adjusment of 11,624 P P P P P O

108, advance paid to
114, Mr. M Irfan A.S.K
117 at Gilgit against
Salaries and
Wages overtime
through Cash.
Supporting:
Summary for
adjustment of
advance
Amount - 242,486
Total Amount
Checked ###
% Checked 7%

Work Done
1. Vouchers have been checked for respective signatures.
2. Checked castings and calculations.
3. Supporting documents have been verified.
4. Checked transaction for appropriate classification.
Observation
1. Copy of cheque is not attached with Bank Payment
Vouchers.
Conclusion
On the basis of work performed it has been concluded that amount is fairly stated, except for the o