What are the sources of income for income tax?
According to the Income Tax Ordinance 1984, the income sectors are as follows:
- Salaries
- Interest on security collateral
- Income from home property
- Agricultural income
- Business or profession income
- Capital profit
- Income from other sources. However, the following income sectors will be involved in filing returns.
- Part of the firm’s income
- Income of spouse or minor child
