Taxable Income (Rupees) Rate of Tax0 to 400,000 0%

400,001 to 500,000 7%

500,001 to 750,000 Rs.7,000 + 10%

750,001 to 1,400,000 Rs. 32,000 +15%

1,400,001 to 1,500,000 Rs. 144,500 +20%

1,500,001 to 1,800,000 Rs. 344,500 +25%

1,800,001 to 2,500,000 Rs. 719,500 +30%

2,500,001 to 3,000,000 Rs. 1,319,500 +35%

3,000,001 to 3,500,000

3,500,001 to 4,000,0004,000,001 to 7,000,000

Exceeding 7,000,000

32%32%35%25%

Rate of Tax0%

10%Rs. 85,000 +15%

Rate25%

25%

Income Tax Card for Tax Year2016

TAX RATES FOR COMPANIESPublic & Private

BankingSmall

Gross Rental (Rupees)0 to 150,000

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

FOR SALARIED PERSONS

RATE OF INITIAL ALLOWANCE U/S 23Particulars

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

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

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

ADVANCE TAX INSTALLMENTS U/S 147 PROPERTY RENTAL DEDUCTION U/S 155

PROPERTY RENTAL DEDUCTION U/S 155 (Companies)

15% of Gross Amount of Rent

Plant & Machinery

Income from Property is chargeable to Tax under Normal TaxRegime

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

Exceeding 6,000,000

Every resident tax payer being an individual required to file returnof income and member of an AOP, shall also file Wealth Statement

and Wealth Reconciliation Statement

Rs. 79,500+ 12.5%

Rs. 92,000+ 15%

Rs. 137,000 + 17.5%

Rs. 259,500 + 20%

Rs. 359,500 + 22.5%

Rs. 597,000 + 27.5%

Cooperative and Finance Society

Rs. 472,000 + 25%

TAX RATES FOR BUSINESS INDIVIDUALS & AOPsTaxable Income (Rupees)

0 to 400,000

400,001 to 500,000

750,001 to 1,500,000

500,001 to 750,000

Rate of Tax0%

2%

Rs. 2,000 + 5%

Rs. 14,500 + 10%

1,500,001 to 2,500,000

2,500,001 to 4,000,000

4,000,001 to 6,000,000

Rs. 1,422,000 + 30%

Building

Page 1 of 3

INCOME TAX CARD - TAX YEAR 2016 … CONTINUED

Filer Non Filer

Narration Section Narration Section RatesImport of Goods (Individuals &AOP's). 148 5.5% 8% Import of Goods by Industrial

Undertaking.148 5.50%

Persons Importing pulses 148 2.0% 3% Ship Breakers on Import of Ship 148 4.50%Import of Goods (For Companiesexcept Industrial Undertaking). 148 5.5% 8% Import of foreign produced films. 148 12%

Advance Tax on Dividend 150 12.5% 17.50% Services (In case of Filer / Non Filercompanies).

153(1)(b) 8% / 12%

Advance Tax on Dividend (On REIT)(Individual / Company / AOP) StockFund & Money Market Fund

150 10% / 10%/ 10% &

10% / 25%/ 10%

Services (Other than companies)Filer / Non Filer.

153(1)(b) 10% / 15%

Fee for services rendered by nonresident Corporate Person. 8.0% 12% Contracts (In case of listed

companies).153(1)(c) 7%

Fee for services rendered by nonresident Non Corporate Person. 10.0% 15% Cash withdrawal. 231A 0.3%

Payment for Supply of Goods to NonResident Corporate person 4.0% 6% Cash withdrawal (Non-Filer) 231A 0.60%

Payment for Supply of Goods to NonResident Non Corporate person 4.5% 6.5%

Transactions in Bank other than cashexceeding Rs. 25,000. (Non Filer)

231AA 0.60%

Transactions in Bank for cashexceeding 50,000. (Non Filer)

231AA 0.60%

Payments for Execution of Contractsto Non Residents (Corporate / NonCorporate Sector)

7% / 7.5% 10% bothcases

Registration of new motor vehicle. 231B * As per belowTable

Supply of Goods (Individual & AOP). 153(1)(a) 4.5% 6.50% Internet Telephone and mobileusage.

236 14%

Purchase of Air Ticket. ExecutiveClass

236B Rs. 16,000 PerPerson

Purchase of Air Ticket. OthersExcluding Economy

236B Rs. 12,000 PerPerson

Contracts (Corporate / NonCorporate) 153(1)(c) 7% / 7.5% 10% for

bothSale/Transfer of Immovable Property(Filer)

236C 0.5%

Payments to Sports person153(1)(c) 10.0% 10%

Sale/Transfer of Immovable Property(Non-Filer)

236C 1%

Commission on petroleum products. 156A 12.0% 15% Capital Gain on Immovable Property(Transfer within two years ofpurchase) (Filer)

236K 1.00%

Brokerage and commission. 233 12.0% 15% Capital Gain on Immovable Property(Transfer within two years ofpurchase) (Non Filer)

2%

Commission to Advertising Agents. 233 10.0% 15.00% Functions & Gatherings. 236D 5%

Payments for Use of ScientificMachinery, Equipment

236Q 10.0% Advance Tax on Sale to distributor,dealer or whole Seller of fertilizer 236G

0.7% for Filer &1.4% for Non-

filerAdvance Tax on DomesticElectricity Consumption (ExceedingRs. 75,000)

7.50%

Educational Expenses Remittances 5%

DEDUCTION / COLLECTION AT SOURCE(ADJUSTABLE)

DEDUCTION/COLLECTION AT SOURCE (FINAL TAXREGIME)

Rates

Page 2 of 3

INCOME TAX CARD - TAX YEAR 2016 … CONTINUED

Narration Section Banking Company 4% of Income

Cigarettes, Pharmaceuticals & FastMoving Consumer Goods

113 Persons Other than a BankingCompany having income equal to or

3% of Income

Petroleum Agents & Distributorsregistered Under Sales Tax Act, 1990

113

Rice Mills & Dealers Where Profit on Debt Does NotExceed Rs. 25,000,000

10%

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

2,500,000 +12.5% of theamountexceeding Rs.25,000,000

PIA

113

Where Profit on Debt Exceeds Rs.50,000,000

Rs. 5,625,000 +15% of theamountexceeding50,000,000

Oil Marketing Co, Oil Refineries, SuiSouthern Gas and Sui Northern Gas(where annual Turnover Exceeds 1billion)

113

Poultry Industry 113Dealers or distributors of fertilizers 113

Land Developers. 113BMotor Cycle Dealers 113In all Other Cases 113 Engine Capacity Filer (Rs.) Non Filer (Rs.)

Upto 850cc - 5,000

851-1000 5,000 15,0001001-1300 7,500 25,0001301-1600 12,500 65,0001601-1800 18,750 100,000

Engine Capacity Filer (Rs.) Non Filer(Rs.)

1801-2000 25,000 135,000

Upto 850cc 10,000 10,000 2001-2500 37,500 200,000851-1000 20,000 25,000 2501-3000 50,000 270,0001001-1300 30,000 40,000 Above 3000cc 62,500 300,0001301-1600 50,000 100,0001601-1800 75,000 150,0001801-2000 100,000 200,0002001-2500 150,000 300,0002501-3000 200,000 400,000Above 3000cc 250,000 450,000

Engine Capacity Filer (Rs.) Non Filer(Rs.)

Note: Any errors or omissions are regretted.

Upto 1000cc 800 1,2001001-1199cc 1,500 4,0001200-1299cc 1,750 5,0001300-1499cc 2,500 7,5001500-1599cc 3,750 12,0001600-1999cc 4,500 15,0002000cc & Above 10,000 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

Advance Tax on transfer of Motor Vehicles

Revision of Return

Note: Where a return of income is revised within 60 days of filing,the condition of obtaining prior approval from commissioner willnot be applicable.

Profit on Debt u/s 7B

Rates of Super TaxRates

0.2% of the Turnover

MINIMUM TAXES

Advance Tax on payment of annual motor vehicle tax

0.5% of the Turnover

2% of the value of land0.25

1%

Default Surcharge

Rate of Default Surcharge will be 12% per annum for failure to pay any taxor advance tax by the due date or payment of atleast 90% of the advance taxliability.

Advance Tax on Purchase of Motor Vehicles

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