Income Tax Card for Tax Year

2016
FOR SALARIED PERSONS
Taxable Income (Rupees)
0 to 400,000

Rate of Tax
0%

TAX RATES FOR BUSINESS INDIVIDUALS & AOPs

Taxable Income (Rupees)
Rate of Tax
0 to 400,000
0%

400,001 to 500,000

2%

400,001 to 500,000

7%

500,001 to 750,000

Rs. 2,000 + 5%

500,001 to 750,000

Rs.7,000 + 10%

750,001 to 1,400,000

Rs. 14,500 + 10%

750,001 to 1,500,000

Rs. 32,000 +
15%

1,400,001 to 1,500,000

Rs. 79,500+ 12.5%

1,500,001 to 2,500,000

1,500,001 to 1,800,000

Rs. 92,000+ 15%

2,500,001 to 4,000,000

1,800,001 to 2,500,000

Rs. 137,000 + 17.5%

4,000,001 to 6,000,000

Rs. 144,500 +
20%
Rs. 344,500 +
25%
Rs. 719,500 +
30%

2,500,001 to 3,000,000

Rs. 259,500 + 20%

3,000,001 to 3,500,000

Rs. 359,500 + 22.5%

3,500,001 to 4,000,000
4,000,001 to 7,000,000

Rs. 472,000 + 25%

Rs. 597,000 + 27.5%

Exceeding 7,000,000

Rs. 1,422,000 + 30%

Exceeding 6,000,000

Rs. 1,319,500 +
35%

Every resident tax payer being an individual required to file return

of income and member of an AOP, shall also file Wealth Statement
and Wealth Reconciliation Statement

A salaried person whose salary income is Rs.500,000 or more will file return
of income electronically and it shall be accompanied by the proof of tax
deduction or payment of tax and Wealth statement along with its
reconciliation. All salaried persons are required to file return of income.

Senior Citizens & disabled Persons are subject to a 50% tax credit
if his / her income is less than or equal to Rs. 1,000,000/- The
income used for this purpose shall exclude the final tax regime
income.

Reduction of 40% Tax for full time teacher or researcher, employed in non
profit education or recognised research institution as per Clause 2 of part III
of the Second Schedule.

TAX RATES FOR COMPANIES

Public & Private
Cooperative and Finance Society
Banking
Small

32%
32%
35%
25%

PROPERTY RENTAL DEDUCTION U/S 155

ADVANCE TAX INSTALLMENTS U/S 147

Tax payer to estimate the tax payable for the relevant tax year at any time
before the second installment is due i.e. even before the completion of half
year after such estimation. The 50% of which should be paid by the due date
of the second quarter of the relevant tax year. The remaining 50% is required
to be paid in 3rd and 4th installment.

Gross Rental (Rupees)

0 to 150,000
150,001 to 1,000,000
Exceeding 1,000,000

Rate of Tax
0%
10%
Rs. 85,000 +
15%

PROPERTY RENTAL DEDUCTION U/S 155 (Companies)

15% of Gross Amount of Rent

Income from Property is chargeable to Tax under Normal Tax

Regime
RATE OF INITIAL ALLOWANCE U/S 23
Particulars
Plant & Machinery

Rate
25%

Building

25%

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INCOME TAX CARD - TAX YEAR 2016 CONTINUED

DEDUCTION/COLLECTION AT SOURCE (FINAL TAX

REGIME)
Filer
Narration
Import of Goods (Individuals &
AOP's).
Persons Importing pulses
Import of Goods (For Companies
except Industrial Undertaking).
Advance Tax on Dividend
Advance Tax on Dividend (On REIT)
(Individual / Company / AOP) Stock
Fund & Money Market Fund

Section

Non Filer
Rates

148

5.5%

8%

148

2.0%

3%

148

5.5%

8%

150

12.5%

17.50%

150

8.0%

12%

10.0%

15%

4.0%

6%

Payment for Supply of Goods to Non

Resident Non Corporate person

4.5%

6.5%

Supply of Goods (Individual & AOP). 153(1)(a)

Contracts (Corporate / Non

Corporate)
Payments to Sports person

7% / 7.5%

10% both
cases

4.5%

6.50%

153(1)(c)

7% / 7.5%

10% for
both

153(1)(c)

10.0%

10%

156A

12.0%

15%

Brokerage and commission.

233

12.0%

15%

Commission to Advertising Agents.

233

10.0%

15.00%

236Q

10.0%

Commission on petroleum products.

Payments for Use of Scientific

Machinery, Equipment

Narration
Import of Goods by Industrial
Undertaking.
Ship Breakers on Import of Ship
Import of foreign produced films.

Section
148

Contracts (In case of listed

companies).
Cash withdrawal.

Rates
5.50%

148
148

Services (In case of Filer / Non Filer 153(1)(b)

companies).
10% / 10% Services (Other than companies)
153(1)(b)
/ 10% & Filer / Non Filer.
10% / 25%
/ 10%

Fee for services rendered by non

resident Corporate Person.
Fee for services rendered by non
resident Non Corporate Person.
Payment for Supply of Goods to Non
Resident Corporate person

Payments for Execution of Contracts

to Non Residents (Corporate / Non
Corporate Sector)

DEDUCTION / COLLECTION AT SOURCE

(ADJUSTABLE)

4.50%
12%
8% / 12%
10% / 15%

153(1)(c)

7%

231A

0.3%

231A

0.60%

Transactions in Bank other than cash

exceeding Rs. 25,000. (Non Filer)

231AA

0.60%

Transactions in Bank for cash

exceeding 50,000. (Non Filer)
Registration of new motor vehicle.

231AA

0.60%

Cash withdrawal (Non-Filer)

Internet Telephone and mobile

usage.
Purchase of Air Ticket. Executive
Class
Purchase of Air Ticket. Others
Excluding Economy
Sale/Transfer of Immovable Property
(Filer)
Sale/Transfer of Immovable Property
(Non-Filer)

231B

236
236B

* As per below
Table

14%

236C

Rs. 16,000 Per

Person
Rs. 12,000 Per
Person
0.5%

236C

1%

Capital Gain on Immovable Property

(Transfer within two years of
purchase) (Filer)
Capital Gain on Immovable Property
(Transfer within two years of
purchase) (Non Filer)

236K

1.00%

Functions & Gatherings.

236D

5%

Advance Tax on Sale to distributor,

dealer or whole Seller of fertilizer

236G

0.7% for Filer &

1.4% for Nonfiler

236B

2%

Advance Tax on Domestic

Electricity Consumption (Exceeding
Rs. 75,000)

7.50%

Educational Expenses Remittances

5%

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INCOME TAX CARD - TAX YEAR 2016 CONTINUED

Rates of Super Tax

MINIMUM TAXES
Narration
Cigarettes, Pharmaceuticals & Fast
Moving Consumer Goods
Petroleum Agents & Distributors
registered Under Sales Tax Act, 1990
Rice Mills & Dealers

Section

Rates

113

Banking Company

4% of Income

Persons Other than a Banking

Company having income equal to or

3% of Income

113

Profit on Debt u/s 7B

0.2% of the Turnover

Flour Mills

PIA

Where Profit on Debt Does Not

Exceed Rs. 25,000,000
Where Profit on Debt Exceeds Rs.
25,000,000 but does not exceed Rs.
50,000,000

10%
2,500,000 +
12.5% of the
amount
exceeding Rs.
25,000,000
Rs. 5,625,000 +
15% of the
amount
exceeding
50,000,000

Where Profit on Debt Exceeds Rs.

50,000,000
113

Oil Marketing Co, Oil Refineries, Sui

Southern Gas and Sui Northern Gas
(where annual Turnover Exceeds 1
billion)
Poultry Industry
Dealers or distributors of fertilizers

113
113

Land Developers.

113B

Motor Cycle Dealers

113

In all Other Cases

Revision of Return

0.5% of the Turnover

113

Note: Where a return of income is revised within 60 days of filing,

the condition of obtaining prior approval from commissioner will
not be applicable.
2% of the value of land
0.25
1%

113

Advance Tax on transfer of Motor Vehicles

Engine Capacity

Filer (Rs.) Non Filer (Rs.)

Upto 850cc

Default Surcharge

5,000

Rate of Default Surcharge will be 12% per annum for failure to pay any tax 851-1000
or advance tax by the due date or payment of atleast 90% of the advance tax 1001-1300
liability.
1301-1600
1601-1800
Advance Tax on Purchase of Motor Vehicles

5,000
7,500
12,500
18,750

15,000
25,000
65,000
100,000

1801-2000

25,000

135,000

2001-2500
2501-3000
Above 3000cc

37,500
50,000
62,500

200,000
270,000
300,000

Engine Capacity
Upto 850cc
851-1000
1001-1300
1301-1600
1601-1800
1801-2000
2001-2500
2501-3000
Above 3000cc

Filer (Rs.)
10,000
20,000
30,000
50,000
75,000
100,000
150,000
200,000
250,000

Non Filer
(Rs.)
10,000
25,000
40,000
100,000
150,000
200,000
300,000
400,000
450,000

Advance Tax on payment of annual motor vehicle tax

Engine Capacity
Upto 1000cc
1001-1199cc
1200-1299cc
1300-1499cc
1500-1599cc
1600-1999cc
2000cc & Above

Filer (Rs.)
800
1,500
1,750
2,500
3,750
4,500
10,000

Non Filer Note: Any errors or omissions are regretted.

(Rs.)
1,200
4,000
5,000
7,500
12,000
15,000
30,000

JSA - An independent member of Morision International - Suite 9-A, 3rd Floor, Imtiaz Plaza, 85-The Mall, Lahore. Tel:
+92 423 6360253, E-mail: info.lhr@jsa.com.pk Other Offices: Karachi & Islamabad

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