The Federal Board of Revenue (FBR) has recently announced significant tax exemptions for overseas Pakistanis, allowing them to benefit from reduced tax rates under Sections 236C and 236K of the Income Tax Ordinance, 2001, even if they are not listed…
Understanding the tax rates applicable to businesses in Pakistan is crucial for compliance and financial planning. This article provides a detailed overview of corporate tax rates, citing relevant provisions of Pakistan’s Income Tax Ordinance, 2001, notifications by the Federal Board…
Understanding the tax rates applicable to salaried individuals in Pakistan is crucial for both taxpayers and employers. This article provides a detailed overview of the tax rates, their legal basis, and relevant judicial precedents. We will also reference the relevant…
Income tax in Pakistan is governed by the Income Tax Ordinance, 2001 (آرڈیننس انکم ٹیکس 2001), which lays out the framework for calculating taxable income, applicable rates, and exemptions. This article will explain the income tax calculation process, referencing the…
