DextEr Consultants

www.dexterconsultant.com
TAX CARD FOR TAX YEAR 2024-25
Updated through Finance Bill 2024
Tax Rates for Salaried Individuals (First Sch. Part I Div. I)
Salaried Person (Rs) Tax Rates Sale of goods (First Sch. Part III Div. III) Filer Non- filer
below 600,000/- 0% By company (Other Goods) 5.0% 10.0%
Rs. 600,000 to Rs. 1200,000 5% of the amount exceeding 600,000 By company (Toll Manufacturing) 9.0% 18.0%
Rs. 1,200,000 to Rs. 2,200,000 30,000 + 15% of the Exceeding Amount of 1,200,000. By Individual and AOP (Other Goods) 5.5% 11.0%
Rs. 2,200,000 to Rs. 3,200,000 Rs 180,000+ 25% of the exceeding amount of 2,200,000 By Individual and AOP (Toll Manufacturing) 11.0% 22.0%
Rs. 3,200,000 to Rs. 4,100,000 Rs 430,000 + 30% of the amount exceeding Rs 3,200,000 Sale of Rice, cotton seed, edible oils 1.5% 3.0%
Minimum limit on tax deduction for payments against goods and services Shall be Rs 75000/- and Rs
Exceeding Rs. 4,100,000 Rs 700,000+35% of the amount exceeding Rs 4,100,000
30,000/- per anum
Tax Rates for AOPs And Non-Salaried Individuals (First Sch. Part I Div. I) Services (First Sch. Part III Div. III) Filer Non- filer
Business Income (Rs) Tax Rates By Company 9% 18%
below 600,000/- 0% By Individual and AOP 11% 22%
Rs. 600,000 to Rs. 1,200,000 15% of the Exceeding amount of the 600,000 By expert house of services Rendered
Rs. 1,200,000 to Rs. 1,600,000 Rs. 90,000 + 20% of the amount exceeding Rs. 800,000 Advertisement Services (Electronic/print media) 1.5% 3%
Rs. 1,600,000 to Rs. 3,200,000 Rs. 170,000 + 30% of the amount exceeding Rs. 1,600,000 Advertisement Services Other than (Electronic/print media)
Rs. 3,200,000 to Rs. 5,600,000 Rs 650,000 + 40% of the exceeding amount Rs 3,200,000 Transport services
Exceeding Rs. 5,600,000 Rs 1,610,000 + 45% of the amount exceeding Rs 5,600,000. Freight forwarding services
Tax Rates for rent of immovable property- Individual and AOP's (First Sch. Part III Div. V) Air cargo services
Rental Income (Rs) Filer Non- filer Courier services
Upto Rs.300,000 0% 0% Manpower outsourcing services
Rs.300,000 to.600,000 5% of exceeding amount Rs. 300,000 100% of the amount calculated of Hotel services
Rs.600,000 to Rs.2,000,000. Rs.15,000 + 10% of amount exceeding 100% of the amount calculated of Security guard services
Upto Rs.2,000,000. Rs.155,000 + 25% of amount exceeding 100% of the amount calculated of Software development services
Companies 15% 30% IT services and IT enabled services
Other important tax rates Tracking services
Companies- General (First Sch. Part I Div. II) Tax Rates Share registered services
Small Company 20% Engineering services
Banking Company 39% Car rental services 4% 8%
All other Companies 29% Building maintenance services
Alternate Corporate Tax (ACT) 17% Inspection services
Sui Northren Gas, & SNGPL, Pakistan Airlines, Poultry 0.75% Certification Services
Industries
Oil Refiniries, Motorcylce Dealers, and Oil Marketing 0.5% Testing services
Companies
Petroleum Agents, Distributors of Pharmacuetical 0.25% Training services
products,FMCG
In All Other Cases 1.25% Warehouse services
Super Tax Income under section 4C (First Sch. Part I Div. IIB) Tax Rates 2022 Tax Rates 2023 Asset management services
Where income does not exceed Rs. 150 million 0% of the income 0% of the income Data services under license issued by (PTA)
Where income exceeds Rs. 150 million but does not exceed Rs. 1% of the income
1% of the income Telecommunication Infrastructure (tower) services
200 million
Where income exceeds Rs. 200 million but does not exceed Rs. 2% of the income
2% of the income Contracts (First Sch. Part III Div. III) Filer Non- filer
250 million
Where income exceeds Rs. 250 million but does not exceed Rs. 3% of the income
3% of the income By Company 7.5% 15%
300 million
Where income exceeds Rs. 300 million but doesn’t exceed Rs 4% of the income
4% of the income By Individual and AOP 8.0% 16%
350 million
Where income exceeds Rs. 350 million but doesn’t exceed Rs 6% of the income
4% of the income Brokerage and Commission (First Sch. Part IV Div. II) Filer Non- filer
400 million
Where income exceeds Rs. 400 million but doesn’t exceed Rs 8% of the income
4% of the income Advertisement agents 10% 20%
500 million
Where income exceeds Rs. 500 million 4% of the income 10% of the income Life insurance agents (Less than 0.5 M) 8% 16%
Immovable Property Filer Non- filer Filer but Late Filer Other cases 12% 24%
Advance tax on Seller (First Sch. Part IV Div. X) Issuance of Bonus Shares (Section 236Z) Filer Non- filer
gross amount of the consideration received is below Rs. 50
3% 10% Issuance of Bonus Shares 10% 20%
Million 6%
gross amount of the consideration received is above Rs. 50
3.5% 10% Profit on debt (First Sch. Part I Div. IIIA and Part III Div.IA) Filer Non- filer
Million but not above Rs. 100 Million 7%
gross amount of the consideration received is above Rs. 100
4% 10% Up to 5 M 15% 35%
Million 8%
Advance tax on buyer (First Sch. Part IV Div. XVIII) Prize and Winnings (First Sch. Part III Div. VI) Filer Non- filer
fair market value is below Rs. 50 Million 3% 12% 6% On prize bonds and winning of crossword puzzle 15% 30%
fair market value is exceeds Rs. 50 Million but does not exceed
3.5% 16% winnings from a raffle, lottery, prize on winning a quiz 20% 40%
Rs. 100 Million 7%
fair market value is above Rs. 100 Million 4% 20% 8% Dividend (First Sch. Part I Div. III and Part III Div. I) Filer Non- filer
acquired on or
Rate of Tax on properties acquired on or before 30th day of Received from mutual funds, REITS & others (if 50% of income
Gain on immovable property (First Sch. Part I Div. VIII) after 1st day of 25% 50%
June, 2024 derived of mutual funds is from profit on debt)
July, 2024

Received from mutual funds, REITS & others (if 50% of income
Immovable Property Open Plots Constructed Flats 15% 30%
derived of mutual funds is not from profit on debt
Filers: 15% of
Received from companies whose income is exempt of tax or
Where the holding period does not exceed one year 15% 15% 15% Capital Gains 25% 50%
incurring losses
Non-Filer: The
Where the holding period exceeds one year but does not exceed Return on Investment in Sukuks (First Sch. Part I Div. IIIB & Part
12.5% 10% 7.5% liability Filer Non- filer
two years III Div.IB)
calculated as per
Where the holding period exceeds two years but does not exceed Received by an individual or an AOP, if the profit is less than Rs.
10% 7.50% 0 the First 10% 20%
three years 1 Million
Schedule Part I
Where the holding period exceeds three years but does not Div. I or Div. II Received by an individual or an AOP, if the profit is more than
7.5%- 5% - 12.5% 25%
exceed four years or 15% of the Rs. 1 Million
Where the holding period exceeds four years but does not exceed Gain, whichever
5% 0 - Received by company 25% 50%
five years is higher
Where the holding period exceeds five years but does not exceed
2.5% - - Tax on sale- specified sector (First Sch. Part IV Div. XIV and XV) Filer Non- filer
six years
Where the holding period exceeds six years 0% - - Sale to distributors, dealers and wholesalers (Div. XIV) 0.25% 2%
Capital Gains on Disposal of Securities(First Sch. Part I Div. Disposal of Securities Acquired between 1 Disposal of Securities Acquired on
Sale of Distributors of Fertilizer (Div. XIV) 0.7% 0%
VII) Jul 2022 to 30 Jun 2024 or after 1st day of July, 2024
Where the holding period does not exceed one year 15% other than fertilizers (Div. XIV) 0.1% 2%
Where the holding period exceeds one year but does not exceed 12.5% Tax on sale to retailers- Others (Div. XV) 0.5% 2.5%
two years
Where the holding period exceeds two years but does not exceed 10% Filers: 15% of Capital Gains Advance tax on sale by auctions (First Sch. Part IV Div. VIII) Filer Non- filer
three years
Non-Filer: The liability calculated
Where the holding period exceeds three years but does not 7.5% as per the First Schedule Part I Div. Advance tax on sales immovable property by auction 5% 10%
exceed four years
I or Div. II or 15% of the Gain,
Where the holding period exceeds four years but does not exceed 5% whichever is higher Advance tax on sales other than immovable property by auction 10% 20%
five years
Where the holding period exceeds five years but does not exceed 2.5% Advance Tax on the Debit/Credit Card (First Sch. Part IV Div.
Filer Non- filer
six years XXVII)
Where the holding period exceeds six years 0% Advance Tax on the Prepaid Debit/Credit Card 5% 10%
Future commodity contracts entered into by members of 5% 5% Petroleum Products (Final Tax) (First Sch. Part III Div. VIA) Filer Non- filer
Pakistan Mercantile Exchange
Capital Gains on Disposal of Securities(First Sch. Part I Div. Commission/Discount to Petrol Pump Operators on Petroleum
Rate of Tax 12% 24%
VII) Products
the securities are acquired on or after the first day of July, 2013
but 12.5% Advance Tax On Cash Withdrawal (Section 231AB) Filer Non- filer
on or before the 30th day of June, 2022

the securities are acquired before the first day of July, 2013 0% Tax on cash withdrawal from bank on 50,000/- and above 0% 0.6%

Capital Gains on Disposal of Securities(First Sch. Part I Div. Company

Indvidual AOP Exports of IT Services (First Sch. Part III Div. IVA) Filer Non- filer
VII)
mutual fund or a collective investment scheme or a REIT 15%
15% 15%
scheme (Stock Fund)
Exports Proceeds of Computer Software or IT services or IT
mutual fund or a collective investment scheme or a REIT 25% N/A
15% 15% enabled services by persons registered with Pakistan Software 0.25% of proceed
scheme (Other Fund)
Export Board
if dividend receipts of the fund are less than capital gains 20%

Telephone Users (First Sch. Part IV Div. V) Tax Rates

Telephone Subscriber (Other than Mobile Phone) exceeding Rs. Other cases 1% N/A
10% on exceeding amount
1000 monthly bill
Internet, Mobile telephone and pre-paid internet or telephone
15% Exports (First Sch. Part III Div. IV) Filer Non- filer
card
Tax at Import stage (First Sch. Part II) Filer Non- filer Export of Goods by exporter 1% N/A

Persons importing goods classified in Part I of the Twelfth Sch. 1% 0%

Rate of Tax on Certain Payments (First Sch. Part I Div. IV) Filer Non- filer
Persons importing goods classified in Part II of the Twelfth Sch. 2% 0%

Persons importing goods classified in Part III of the Twelfth Sch. 5.5% 0% Royalty 15% 30%
If the importer is commercial for the goods specified in Part III 4% 0% Fee for Technical Services 10% 20%
of the Twelfth Sch.
Hyderabad, Sukkur, functions and gatherings (First Sch. Part IV Div. XI) 10% 20%
Karachi, Lahore Urban Areas not specified in
For Real Estate And Commercial builders (First Sch. Part IIB)
Multan, Faisalabad, Advance Tax on Purchase, Registration and Transfer of Motor Vehicles (First Sch. Part IV Div. VII)
and Islamabad columns (2) and (3)
Rawalpindi, Engine Capacity Filer Non- filer
TAX ON PERSONS FALLING UNDER SECTION 147(5C)(i) FOR COMMERCIAL BUILDINGS
upto 850cc 0.5% of the value 1% of the value

Any Size (Sq Ft) Rs.250 per Sq. ft. Rs.230 per Sq. ft. Rs.210 per Sq. ft. 851cc to 1000cc 1% of the value 2% of the value
TAX ON PERSONS FALLING UNDER SECTION 147(5C)(i) FOR RESIDENTIAL BUILDINGS
1001cc to 1300cc 1.5% of the value 3% of the value

Upto 3000 Sq Ft Rs.80 per Sq. ft Rs.65 per Sq. ft Rs.50 per Sq. ft 1301cc to 1600cc 2% of the value 4% of the value

3000 Sq Ft and Above Rs. 125 per Sq. ft. Rs. 110 per Sq. ft. Rs. 100 per Sq. ft. 1601cc to 1800cc 3% of the Value 6% of the Value
TAX ON PERSONS FALLING UNDER SECTION 147(5C)(ii)
1801cc to 2000cc 5% of the Value 10% of the Value

Any Size (Sq Yds) Rs. 150 per Sq. yd Rs. 130 per Sq. yd Rs. 100 per Sq. yd 2001cc to 2500cc 7% of the Value 14% of the Value
TAX ON PERSONS FALLING UNDER SECTION 147(5C)(ii) FOR DEVELOPMENT OF INDUSTRIAL AREA
2501cc to 3000cc 9% of the Value 18% of the Value

Any Size (Sq Yds) Rs. 20 per Sq. yd Rs. 20 per Sq. yd Rs. 10 per Sq. yd Above 3000cc 12% of the value 24% of the value