Salary and Expense Account. As of 2014, the president earns an annual salary of $400,000 per year, plus a $50,000 non-taxable expense account.The presidential salary had been $200,000 since 1969, but in 1999, Congress passed legislation doubling the salary to its current level before President George W. Bush took office.etirement Plan. In addition to an annual salary, U.S. presidents receive a retirement plan. After leaving office, the former president receives an annual pension that is equal to the current salary of a Cabinet member. As of 2011, the presidential pension is $196,700 per year.
Economic Service Charge (ESC) ESC is a is a levy imposed under the provision of the ESC Act No. 13 of 2006. The following are liable for ESC: Individuals, partnerships, companies(including BOI), body of persons & Corporations who has aggregate liable turnover for the quarter Rs. 10 mn or more.
Penalty and Interest Charges. Interest and penalty are charged on any unpaid tax from the original due date of the return (April. 15th for most taxpayers) until the date of payment. Interest is charged at 10% per year. For underpayment, the rate is also 10% per year.