Professional Tax Rates for Businesses and Individuals – Punjab
Professional Tax for in Punjab (As per Punjab Finance Act 1977 Updated) Companies registered under the Companies Act, 2017 or under the relevant law for the time being in force […]
Withholding Tax Calculator for Brokerage and Commission
Understanding Pakistan’s tax regulations, especially withholding taxes on brokerage, commission, and life insurance, can be complex. Whether you are an advertising agent, life insurance agent, or fall into other categories, […]
Understanding Capital Value Tax (CVT) in Pakistan: A Comprehensive Guide
Capital Value Tax (CVT) is an important fiscal tool in Pakistan’s tax landscape. As the government strives to broaden its revenue base and modernize tax administration, CVT has emerged as a key component—targeting specific asset classes such as motor vehicles, foreign-held assets, and certain immovable properties.
How to Tax Security Deposits – Rental Income
Taxes on Security Deposits and Key Money for Landlords Renting out a property offers a steady income stream, but tax implications can be confusing. This article clarifies how taxes work […]
How to Calculate Tax on Bank Profits?
Understanding how Pakistan taxes Profit on debt or Bank Profits is crucial for both individuals and businesses receiving income from investments and deposits. This article explores the relevant sections of […]
Tax Rates on Agricultural Income in Sindh
In Pakistan, agricultural income tax is levied at the provincial level, not by the federal government. This means each province has its own set of tax rates and collection procedures. […]
Tax Rates of Agricultural Income in Punjab
This article explores the tax levied on agricultural income in the province of Punjab. It highlights the tax rates, applicability, and how it differs from the federal tax structure. Tax […]
Rates of Capital Gains Tax in Pakistan for 2024
Understanding capital gains tax is crucial for any investor in Pakistan. This article explores the tax rates applicable in 2024 for capital gains on disposal of securities and immovable property. […]
Tax Rates of Electricity & Telephone Bills in Pakistan
Understanding utility taxes can be complex. This guide simplifies the tax structure for electricity and telephone connections in Pakistan for the 2024 tax year, empowering you to plan your bills […]
Understanding Tangible and Intangible Assets for Tax Purposes
The Income Tax Ordinance, 2001 (ITO) plays a crucial role in determining how businesses in Pakistan are taxed. A critical aspect of this involves understanding the classification of assets – […]