Tax rates on brokerage and commission in tax year 2022

The income tax rates on brokerage and commission for tax year 2022 under Second Schedule of Income Tax Ordinance, 2001. The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 updated up to June 30, 2021. The Ordinance incorporated amendments brought through Finance Act, 2021. Following are the rates of income tax on brokerage and commission: The rate of tax for … Continue reading Tax rates on brokerage and commission in tax year 2022