KARACHI: The government has allowed tax exemption to the income derived by pensioners invested in various schemes, including pension funds. Read more »
KARACHI: Any income representing any payment received by way of gratuity or commutation of pension by an employee on his retirement is exempted from income tax. Read more »
KARACHI: The government has adopted to reduce corporate income tax rate gradually to 25 percent by tax year 2023 and onwards. Read more »
KARACHI: Following are the tax rates for individuals under First Schedule of Income Tax Ordinance, 2001. Read more »
KARACHI: Foreign exchange companies are responsible for collecting advance tax on remitting abroad the education related expenses. Read more »
KARACHI: Every market committee has been required to collect advance tax from dealers, commission agents under income tax laws. Read more »
KARACHI: Income tax return filers can claim adjustment of advance tax paid on educational fee. Read more »
KARACHI: Federal Board of Revenue (FBR) has made manufacturers responsible for collecting advance tax on sales to distributors, dealers and wholesalers. Read more »
KARACHI: Electronic media and cable operators are required to pay adjustable advance tax at the time of obtaining new license or renewal of license. Read more »
KARACHI: Federal Board of Revenue (FBR) has updated advance tax rates on marriages and functions through latest amendment to Income Tax Ordinance, 2001. Read more »
KARACHI: Adjustable advance tax is applicable for filers and non-filers of income tax return on sales and purchase of immovable properties to be collected at the time of transaction. Read more »
KARACHI: Passengers traveling through domestic or international airlines are required to pay certain amount of advance tax on purchase of air tickets. According to Income Tax Ordinance, 2001 issued by Federal Board... Read more »