INCOME TAX FAQ

In which sectors Tax Holiday is applicable?

Industrial Undertaking Eligible for Tax holiday: active pharmaceuticals ingredient industry and radio pharmaceuticals industry;barrier contraceptive and rubber latex;basic chemicals or dyes and chemicals;basic ingredients of electronic industry (e.g resistance, capacitor,...
INCOME TAX FAQ

Who are the Withholding Tax Entities?

The Withholding Tax Entities are: Any Government Entity, that is,(a) The Government or any of its Ministry, Division, or Office;(b) Any Semi Government or Autonomous Organization;(c) Any State owned Institution;(d)...
INCOME TAX FAQ

What are the sources of income for income tax?

According to the Income Tax Ordinance 1984, the income sectors are as follows: SalariesInterest on security collateralIncome from home propertyAgricultural incomeBusiness or profession incomeCapital profitIncome from other sources. However, the...
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