Documente Academic
Documente Profesional
Documente Cultură
Section 12
S. No.
Taxable Income
Rate of tax
0%
Where
the
taxable
income
exceedsRs.400,000but does not exceed
Rs.500,000
2% of the amount
exceeding Rs.400,000
Rs.2,000 + 5% of the
amount exceeding
Rs.500,000
10
11
12
Where the income of an individual chargeable under the head- salary exceeds fifty percent of his
taxable income, the rate of tax to be applied shall be salary tax rates.
Page 2 of 9
Section 18
S. No.
Taxable Income
Rate of tax
0%
7% of the
amount exceeding
Rs.400,000
Companies
Section 18
Type
Rate of tax
Banking Company
35%
31%
25%
Super Tax
Section 4B
Person
Rate of tax
Banking Company
4% of the income
3% of the income
Page 3 of 9
Profit on Debt
(Every Person other than a company)
S. No.
1
Section 7B
Profit on Debt
Rate of tax
Where profit on debt does not exceed
10%
Rs.25,000,000
Where profit on debt exceeds Rs.2,500,000 + 12.5% of the
Rs.25,000,000 but does not exceed
amount exceeding
Rs.50,000,000
Rs.25,000,000
Where profit on debt exceeds Rs.5,625,000 + 15% of the
Rs.50,000,000
amount exceeding
Rs.50,000,000
Section 15
Rate of tax
Nil
5 percent of the gross
amount exceeding
Rs.200,000
Rs.20,000 plus 10 percent of
the gross amount exceeding
Rs.600,000
Rs.60,000 plus 15 percent of
the gross amount exceeding
Rs.1,000,000
Rs.210,000 plus 20 percent
of the gross amount
exceeding Rs.2,000,000
Section 37
S. No.
Rate of
tax
Period
a person who dies while in the service of the Pakistan Armed Forces
or the Federal and Provincial Governments; and
(b) to the first sale of immovable property which has been acquired or allotted
as an original allottee, duly certified by the official allotment authority.
Page 4 of 9
S. No.
Period
Rate of
tax
0%
For immovable property acquired on or after July 1, 2016, other than those
mentioned against S. No.1
2
10%
7.5%
5%
0%
For immovable property acquired before July 1, 2016, other than those
mentioned against S. No.1
6
5%
0%
Provided that rate of tax to be paid shall be reduced by 50% on the first sale of
immovable property acquired or allotted to ex-servicemen and serving
personnel of Armed Forces or ex-employees or serving personnel of Federal
and Provincial Governments, being original allottees of the immovable property,
duly certified by the allotment authority.
The gain arising on the disposal of immovable property by a person in a tax year
to a Rental REIT Scheme shall be taxed at the rate of 5 percent up to thirtieth
day of June, 2019, irrespective of the holding period.
Period
Section 37A
Rate of tax
Filer NonFiler
15%
18%
16%
11%
Page 5 of 9
S. No.
Rate of tax
Filer NonFiler
0%
0%
Period
5%
Tax on Builders
5%
Section 7C
Rs.210/Sq Ft
Rs.210/Sq Ft
Rs.210/ Sq Ft
Up to 750
Rs.20
751 to 1500
Rs.40
751 to 1500
Rs.35
751 to 1500
Rs.25
Rs.70
Rs.55
Rs.35
Tax on Developers
Rs.10
Section 7D
Rs.210/Sq Yd
Rs.210/ Sq Yd
Up to 120
Rs.20
121 to 200
Rs.40
121 to 200
Rs.35
Rs.70
Rs.55
Rs.210/ Sq Yd
Up to 120
Rs.10
121 to 200
Rs.25
Rs.35
Page 6 of 9
Minimum Tax
Section 113
S. No.
Person(s)
Minimum
Tax as
percentage
of the
persons
turnover for
the year
0.5%
fast
are
0.2%
0.25%
1%
Where the taxable income in a tax year, other than income on which the
deduction of tax is final, does not exceed Rs.1,000,000 of a person(i)
(ii)
a taxpayer of the age of not less than 60 years on the first day of
that tax year, the tax liability on such income shall be reduced by
50%.
Page 7 of 9
Rate of tax
15% of the gross amount
8% of the gross amount
received or receivable
The tax payable by a full time teacher or a researcher, employed in anon profit
education or research institutions duly recognized by HEC, a Board of Education
or a university recognized by Higher Education Commission, including
government training and research institution shall be reduced by an amount
equal to 40% of tax payable on his income from salary.
Construction Contracts
executed outside Pakistan
REDUCTION IN TAX LIABILITY
The tax in respect of income from services rendered outside Pakistan and
construction contracts executed outside Pakistan shall be charged at the
following rates, provided that receipts from services and income from contracts
are brought into Pakistan in foreign exchange through normal banking
channel.
Page 8 of 9
Page 9 of 9