First Schedule: First Schedule

THE FIRST SCHEDULE PART I RATES OF TAX (See Chapter II) 1[ Division I 1 Division I substituted though Finance Act, 2019, substituted Division I read as follows: Division I Rates of Tax for Individuals 1[(1) The rates of tax imposed on the taxable income of every individual, not being an individual to which paragraph (1A) of this Division applies, shall be as set out in the following table, namely:— TABLE S. No. Taxable income Rate of tax (1) (2) (3) 1. Where the taxable income does not exceed Rs. 400,000 0% 2. Where the taxable income exceeds Rs. 400,000 but does not Rs. 1,000 exceed Rs. 800,000 3. Where the taxable income exceeds Rs. 800,000 but does not Rs. 2,000 exceed Rs. 1,200,000 4. Where the taxable income exceeds Rs.1,200,000 but does 5% of the amount exceeding Rs. not exceed Rs. 2,400,000 1,200,000 5. Where the taxable income exceeds Rs. 2,400,000 but does 60,000 + 15% of the amount not exceed Rs. 3,000,000 exceeding Rs. 2,400,000 6. Where the taxable income exceeds Rs. 3,000,000 but does 150,000 + 20% of the amount not exceed Rs. 4,000,000 exceeding Rs. 3,000,000 7. Where the taxable income exceeds Rs. 4,000,000 but does 350,000 + 25% of the amount not exceed Rs. 5,000,000 exceeding Rs. 4,000,000 8. Where the taxable income exceeds Rs. 5,000,000 600,000 + 29% of the amount exceeding Rs. 5,000,000 Provided that where the taxable income exceeds eight hundred thousand rupees the minimum tax payable shall be two thousand rupees. (1A) Where the income of an individual chargeable under the head “salary” exceeds fifty per cent of his taxable income, the rates of tax to be applied shall be as set out in the following table, namely:— TABLE S. No. Taxable income Rate of tax (1) (2) (3) 1. Where the taxable income does not exceed Rs. 400,000 0% 2. Where the taxable income exceeds Rs. 400,000 but does Rs. 1,000 not exceed Rs. 800,000 3. Where the taxable income exceeds Rs. 800,000 but does Rs. 2,000 not exceed Rs. 1,200,000 4. Where the taxable income exceeds Rs. 1,200,000 but does 5% of the amount exceeding Rs. not exceed Rs. 2,500,000 1,200,000 5. Where the taxable income exceeds Rs.2,500,000 but does 65,000 + 15% of the amount not exceed Rs. 4,000,000 exceeding Rs. 2,500,000 6. Where the taxable income exceeds Rs. 4,000,000 but does 290,000 + 20% of the amount not exceed Rs. 8,000,000 exceeding Rs. 4,000,000 7. Where the taxable income exceeds Rs. 8,000,000 1,090,000 + 25% of the amount exceeding Rs. 8,000,000 488 First Schedule – Part I __________________________________ [Rates of Tax for Individuals and Association of Persons] (1) Subject to clause (2), the rates of tax imposed on income of every individual and association of persons except a salaried individual shall be as set out in the following Table, namely:— 1[ ] Provided that where the taxable income exceeds eight hundred thousand rupees the minimum tax payable shall be two thousand rupees.”] Rates of Tax for Association of Persons (2) The rates of tax imposed on the taxable income of every Association of Persons shall be as set out in the following table, namely:— TABLE S. No. Taxable Income Rate of Tax (1) (2) (3) 1 Where the tax able income does not exceed 0% Rs.400,000 2 Where the tax able income exceeds Rs.400,000 but 5% of the amount exceeding Rs.400,000 does not exceed Rs.1,200,000 3 Where the taxable income exceeds Rs.1,200,000 but Rs.40,000 + 10% of the amount exceeding does not exceed Rs.2,400,000 Rs.1,200,000 4 Where the taxable income exceeds Rs 2,400,000 but Rs.160,000 + 15% of The amount exceeding does not exceed Rs.3,600,000 Rs.2,400,000 5 Where the taxable income Exceeds Rs.3,600,000 but Rs.340,000 + 20% of the amount exceeding does not exceed Rs.4,800,000 Rs.3,600,000 6 Where the taxable income exceeds Rs.4,800,000 but Rs.580,000+ 25% of The amount exceeding does not exceed Rs.6,000,000 Rs.4,800,000 7 Where the tax able income exceeds Rs.6,000,000 Rs.880,000+ 30% of the amount exceeding Rs.6,000,000; 1 Table substituted by the Finance Act, 2023. The substituted Table read as follows: TABLE S# Taxable Income Rate of Tax (1) (2) (3) 1. Where taxable income does not exceed Rs.600,000/- 0% 2. Where taxable income exceeds Rs. 600,000 but does 5% of the amount exceeding Rs. not exceed Rs. 800,000 600,000 3. Where taxable income exceeds Rs. 800,000 but does Rs. 10,000 + 12.5% of the amount not exceed Rs. 1,200,000 exceeding Rs.800,000 4. Where taxable income exceeds Rs.1,200,000 but Rs.60,000 + 17.5% of the amount does not exceed Rs. 2,400,000 exceeding Rs.1,200,000 5. Where taxable income exceeds Rs.2,400,000 but Rs. 270,000 + 22.5% of the does not exceed Rs. 3,000,000 amount exceeding Rs.2,400,000 6. Where taxable income exceeds Rs.3,000,000 but Rs.405,000 + 27.5% of the does not exceed Rs. 4,000,000 amount exceeding Rs.3,000,000 7. Where taxable income exceeds Rs.4,000,000 but Rs. 680,000 + 32.5% of the does not exceed Rs. 6,000,000 amount exceeding Rs.4,000,000 8. Where taxable income exceeds Rs.6,000,000 Rs. 1,330,000 + 35% of the amount exceeding Rs.6,000,000. 489 First Schedule – Part I __________________________________ 1[TABLE S# Taxable Income Rate of Tax (1) (2) (3) 1. Where taxable income does not exceed 0% Rs. 600,000/- 2. Where taxable income exceeds Rs. 15% of the amount 600,000 but does not exceed Rs. exceeding Rs. 600,000 1,200,000 3. Where taxable income exceeds Rs. Rs. 90,000 + 20% of the 1,200,000 but does not exceed Rs. amount exceeding Rs. 1,600,000 1,200,000 4. Where taxable income exceeds Rs. Rs. 170,000 + 30% of the 1,600,000 but does not exceed Rs. amount exceeding Rs. 3,200,000 1,600,000 5. Where taxable income exceeds Rs. Rs. 650,000 + 40% of the 3,200,000 but does not exceed Rs. amount exceeding Rs. 5,600,000 3,200,000 6. Where taxable income exceeds Rs. Rs. 1,610,000 + 45% of the 5,600,000 amount exceeding Rs. 5,600,000: Provided that in the case of an association of persons that is a professional firm prohibited from incorporating by any law or the rules of the 1 Table substituted by the Finance Act, 2024. The substituted Table read as follows: “[ S# Taxable Income Rate of Tax (1) (2) (3) 1. Where taxable income does not exceed Rs. 0% 600,000/- 2. Where taxable income exceeds Rs. 600,000 but 7.5% of the amount exceeding Rs. does not exceed Rs. 800,000 600,000 3. Where taxable income exceeds Rs. 800,000 but Rs. 15,000 + 15% of the amount does not exceed Rs. 1,200,000 exceeding Rs. 800,000 4. Where taxable income exceeds Rs. 1,200,000 but Rs. 75,000 + 20% of the amount does not exceed Rs. 2,400,000 exceeding Rs. 1,200,000 5. Where taxable income exceeds Rs. 2,400,000 but Rs. 315,000 + 25% of the amount does not exceed Rs. 3,000,000 exceeding Rs. 2,400,000 6. Where taxable income exceeds Rs. 3,000,000 but Rs. 465,000 + 30% of the amount does not exceed Rs. 4,000,000 exceeding Rs. 3,000,000 7. Where taxable income exceeds Rs. 4,000,000 Rs. 765,000 + 35% of the amount exceeding Rs. 4,000,000. ]” 490 First Schedule – Part I __________________________________ body regulating their profession, the 45% rate of tax mentioned against serial number 6 of the Table shall be 40%.] (2) Where the income of an individual chargeable under the head “salary” exceeds seventy-five per cent of his taxable income, the rates of tax to be applied shall be as set out in the following table, namely:— 1[ ] 2[ ] 1 Table substituted by the Finance Act, 2023. The substituted Table read as follows: TABLE S# Taxable Income Rate of Tax (1) (2) (3) 1. Where taxable income does not exceed Rs. Rs. 0 600,000 2. Where taxable income exceeds Rs.600,000 but 2.5% of the amount exceeding does not exceed Rs.1,200,000 Rs. 600,000 3. Where taxable income exceeds Rs.1,200,000 Rs. 15,000 + 12.5% of the but does not exceed Rs.2,400,000 amount exceeding Rs.1,200,000 4. Where taxable income exceeds Rs.2,400,000 Rs. 165,000 + 20% of the but does not exceed Rs.3,600,000 amount exceeding Rs. 2,400,000 5. Where taxable income exceeds Rs.3,600,000 Rs. 405,000 + 25% of the but does not exceed Rs.6,000,000 amount exceeding Rs.3,600,000 6. Where taxable income exceeds Rs.6,000,000 Rs. 1,005,000 + 32.5% of the but does not exceed Rs.12,000,000 amount exceeding Rs.6,000,000 7. Where taxable income exceeds Rs.12,000,000 Rs. 2,955,000 + 35% of the amount exceeding Rs. 12,000,000 2 Table substituted by the Finance Act, 2024. The substituted Table read as follows: “[ S# Taxable Income Rate of Tax (1) (2) (3) 1. Where taxable income does not exceed Rs. 0% 600,000/ 2. Where taxable income exceeds Rs. 600,000 2.5% of the amount exceeding but does not exceed Rs. 1,200,000 Rs. 600,000 3. Where taxable income exceeds Rs. 1,200,000 Rs. 15,000 + 12.5% of the but does not exceed Rs. 2,400,000 amount exceeding Rs. 1,200,000 4. Where taxable income exceeds Rs. 2,400,000 Rs. 165,000 + 22.5% of the but does not exceed Rs. 3,600,000 amount exceeding Rs. 2,400,000 5. Where taxable income exceeds Rs. 3,600,000 Rs. 435,000 + 27.5% of the but does not exceed Rs. 6,000,000 amount exceeding Rs. 3,600,000 6. Where taxable income exceeds Rs. 6,000,000 Rs. 1,095,000 + 35% of the amount exceeding Rs. 6,000,000. 491 First Schedule – Part I __________________________________ 1[TABLE S# Taxable Income Rate of Tax (1) (2) (3) 1. Where taxable income does not 0% exceed Rs. 600,000/- 2. Where taxable income exceeds Rs. 1% of the amount exceeding 600,000 but does not exceed Rs. Rs. 600,000/- 1,200,000/- 3. Where taxable income exceeds Rs. Rs. 6,000 + 11% of the amount 1,200,000/- but does not exceed Rs. exceeding Rs. 1,200,000/- 2,200,000/- 4. Where taxable income exceeds Rs. Rs. 116,000 + 23% of the 2,200,000/- but does not exceed Rs. amount exceeding Rs. 3,200,000/- 2,200,000/- 5. Where taxable income exceeds Rs. Rs. 346,000 + 30% of the 3,200,000/- but does not exceed Rs. amount exceeding Rs. 4,100,000/- 3,200,000/- 6. Where taxable income exceeds Rs. Rs. 616,000/- + 35% of the 4,100,000/- amount exceeding Rs. 4,100,000/-: Provided that pension received by an individual from a former employer in a tax year, the rate of tax on such income shall be set out in the following Table namely: — 1 Table substituted by the Finance Act, 2025. The substituted Table read as follows: “ S# Taxable Income Rate of Tax (1) (2) (3) 1. Where taxable income does not exceed Rs. 0% 600,000/- 2. Where taxable income exceeds Rs. 600,000 but 5% of the amount exceeding Rs. does not exceed Rs. 1,200,000 600,000 3. Where taxable income exceeds Rs. 1,200,000 Rs. 30,000 + 15% of the amount but does not exceed Rs. 2,200,000 exceeding Rs. 1,200,000 4. Where taxable income exceeds Rs. 2,200,000 Rs. 180,000 + 25% of the amount but does not exceed Rs. 3,200,000 exceeding Rs. 2,200,000 5. Where taxable income exceeds Rs. 3,200,000 Rs. 430,000 + 30% of the amount but does not exceed Rs. 4,100,000 exceeding Rs. 3,200,000 6. Where taxable income exceeds Rs. 4,100,000 Rs. 700,000 + 35% of the amount exceeding Rs. 4,100,000] ” 492 First Schedule – Part I __________________________________ S. No. Description Rate of Tax (1) (2) (3) 1. Where the amount of pension 0% of the amount received does not exceed rupees ten million 2. Where the amount of pension 5% of the amount exceeding received exceeds rupees ten million rupees ten million] 1[ ] 2[ ] 3[ ] 4[ ] 1 Para 2 omitted by the Finance Act, 2014. The omitted para (2) read as follows: “(2) The rate of tax payable on bonus as IDPT as income tax shall be 30% for the tax year 2010.” 2 Clause (2) omitted by the Finance Act, 2006. The omitted clause (2) read as follows: “2. Where, for a tax year, an individual or association of persons to which subsection (1) of section 92 applies derives income from agriculture to which section 41 applies and the gross amount of such income for the year exceeds Rs. 80,000, the rates of tax imposed on the taxable income of the individual or association of persons for the year shall be as set out in the following table, namely:– “TABLE S. No. Taxable income Rate of tax. (1) (2) (3) 1. Where taxable income does not exceed 7.5% Rs.150,000 2. Where taxable income exceeds Rs.11,250 plus 12.5% of the amount Rs.150,000 but does not exceed exceeding Rs.150,000. Rs.300,000 3. Where taxable income exceeds Rs.30,000 plus 20% of the amount Rs.300,000 but does not exceed exceeding Rs.150,000. Rs.400,000 4. Where taxable income exceeds Rs.50,000 plus 25% of the amount Rs.400,000 but does not exceed exceeding Rs.400,000 Rs.700,000 5. Where taxable income exceeds Rs.125,000 plus 35% of the amount Rs.700,000 exceeding Rs.700,000” 3 Clause 3 omitted by the Finance Act 2002. The omitted clause 3 read as follows: “3. The rates of tax applicable to a legal representative of a deceased individual liable for tax under clause (b) of sub-section (1) of section 87 shall be – (a) in the tax year in which the deceased died and the following tax year, the rates applicable under clause 1; or (b) in any subsequent year, 35%.” 4 “Division IA” omitted by the Finance Act, 2013. The omitted “Division IA” read as follows: “Division IA Rate of Tax on certain persons The rate of tax to be paid under sub-section (1) of section 113A shall be one per cent of the turnover.” 493 First Schedule – Part I __________________________________ 1[ ] 2[ ] 3[Division II Rates of Tax for Companies The rate of tax imposed on the taxable income of a company shall be as set out in the following Table, namely:- 1 “Division IB” omitted by the Finance Act, 2012. The omitted “Division IB” read as follows:- “Division IB Rates of Tax for Association of Persons The rate of tax imposed on the taxable income of Association of Persons for the tax year 2010 and onward shall be 25%.” 2 Division II substituted by the Finance Act, 2002. The substituted Division II read as follows: “Division II Rates of Tax for Companies The rates of tax imposed on the taxable income of a company shall be as set out in the following table, namely:– TABLE Banking Public company, other than a Private company, other than a banking company banking company. company. (1) (2) (3) 50% 35% 45%” 3 Division II substituted by the Finance Act, 2022. The substituted Division read as follows: Division II Rates of Tax for Companies 3[(i) The rate of tax imposed on the taxable income of a company for the tax year 2007 and onward shall be 35% 3[:] ] 3[Provided that the rate of tax imposed on the taxable income of a company other than a banking company, shall be 34% for the tax year 20143[: Provided further that the rate of tax imposed on the taxable income of a company, other than a banking company, shall be 33% for the tax year 2015 3[“:”] ] ] 3[“Provided further that the rate of tax imposed on taxable income of a company, other than banking company shall be 32% for the tax year 2016, 31% for tax year 2017 3[,] 30% for tax year 2018 and 3[29% for tax year 2019 and onwards.] 3[ ] 3[ ] 3[(iii) where the taxpayer is a small company as defined in section 2, tax shall be payable at the rate of 3[25]% 3[:] ] 3[ ] 3[Provided that for tax year 2019 and onwards tax rates shall be as set out in the following Table, namely:— Tax year Rate of Tax 2019 24% 2020 23% 2021 22% 2022 21% 2023 and onwards 20%”; 494 First Schedule – Part I __________________________________ 1[Type of Rate of Tax Company (1) (2) Tax Year Tax Year 2026 Tax Year 2027 and Banking 2025 onwards Company 44% 43% 42% Small 20% Company Any other 29%] company 2[ ] 3[Division IIA Rate of super tax TABLE S.No. Person Rate of super tax Rate (percentage of income) Tax Year Tax Year Tax Year 4[Tax 2018 2019 2020 Years 2021 and 2022] (1) (2) (3) (4) (5) (6) 1 Table substituted by The Income Tax (Amendment) Act, 2025 (Act No. XIII of 2025). The substituted Table read as follows: “Type of Company Rate of Tax (1) (2) Small company 20% Banking company 39% Any other company 29%.]” 2 Inserted by the Finance Act, 2015. 3 The Division IIA substituted by the Finance Act, 2018, the substituted Division IIA is read as under. Division IIA Rates of Super Tax Person Rate of super tax Banking Company 4% of the income Person, other than a banking 3% of the income” company, having income equal to or exceeding Rs.500 million 4 The expression “Tax Year 2021 4[and onwards]” substituted by the Finance Act, 2022. 495 First Schedule – Part I __________________________________ 1. Banking company 1[4]% 4% 2[4]% 3 [4]% 2. Person other than a 3% 2% 4[0]% 0% banking company, having income equal to or exceeding Rs. 500 million Provided that in case of a banking company, super tax for tax year 2019 shall be payable, on estimate basis, by thirtieth day of June, 2018. ]] 5[Division IIB Super Tax on high earning persons The rate of tax under section 4C shall be – 6 [ ] 7[ TABLE 1 The figure “0” substituted by “4” through Finance Supplementary (Second Amendment) Act, 2019 2 The figure “3” substituted by “4” through Finance Supplementary (Second Amendment) Act, 2019 3 The figure “2” substituted by “4” through Finance Supplementary (Second Amendment) Act, 2019 4 The figure “1” substituted by “0” through Finance Supplementary (Second Amendment) Act, 2019 5 Division IIB inserted by the Finance Act, 2022. 6 Table substituted by the Finance Act, 2023. The substituted Table read as follows: S.No Income under section 4C Rate of Tax (1) (2) (3) 1. Where income does not exceed Rs.150 million 0% of the income 2. Where income exceeds Rs. 150 million but does not exceed Rs. 200 million 1% of the income 3. Where income exceeds Rs. 200 million but does not exceed Rs. 250 million 2% of the income 4. Where income exceeds Rs. 250 million but does not exceed Rs. 300 million 3% of the income 5. Where income exceeds Rs. 300 million 4% of the income: 7 Table substituted by the Finance Act, 2025. The substituted Table read as follows: “Table S. No Income under section 4C Rate of Tax For tax year 2022 For tax year 2023 and onwards (1) (2) (3) (4) 1. Where income does not exceed Rs. 0% of the income 0% of the income 150 million 2. Where income exceeds Rs. 150 million 1% of the income 1% of the income but does not exceed Rs. 200 million 3. Where income exceeds Rs. 200 million 2% of the income 2% of the income but does not exceed Rs. 250 million 496 First Schedule – Part I __________________________________ S. No Income under Rate of Tax section 4C For tax year For tax year For tax year 2022 2023, 2024 2026 and and 2025 onwards (1) (2) (3) (4) (5) 1. Where income 0% of the 0% of the 0% of the does not exceed income income income Rs. 150 million 2. Where income 1% of the 1% of the 1% of the exceeds Rs. 150 income income income million but does not exceed Rs. 200 million 3. Where income 2% of the 2% of the 1.5% of the exceeds Rs. 200 income income income million but does not exceed Rs. 250 million 4. Where income 3% of the 3% of the 2.5% of the exceeds Rs. 250 income income income million but does not exceed Rs. 300 million 5. Where income 4% of the 3.5% of the exceeds Rs. 300 income income million but does not exceed Rs. 350 million 4% of the 6. Where income income 6% of the 5.5% of the exceeds Rs. 350 income income million but does not exceed Rs. 400 million 7. Where income 8% of the 7.5% of the exceeds Rs. 400 income income 4. Where income exceeds Rs. 250 million 3% of the income 3% of the income but does not exceed Rs. 300 million 5. Where income exceeds Rs. 300 million 4% of the income but does not exceed Rs. 350 million 6. Where income exceeds Rs. 350 million 6% of the income but does not exceed Rs. 400 million 7. Where income exceeds Rs. 400 million 4% of the income 8% of the income but does not exceed Rs. 500 million 8. Where income exceeds Rs. 500 million 10% of the income: ” 497 First Schedule – Part I __________________________________ million but does not exceed Rs. 500 million 8. Where income 10% of the 10% of the exceeds Rs. 500 income: income million Provided that for tax year 2022 for persons engaged, whether partly or wholly, in the business of airlines, automobiles, beverages, cement, chemicals, cigarette and tobacco, fertilizer, iron and steel, LNG terminal, oil marketing, oil refining, petroleum and gas exploration and production, pharmaceuticals, sugar and textiles the rate of tax shall be 10% where the income exceeds Rs. 300 million: Provided further that in case of banking companies for tax year 2023, the rate of tax shall be 10% where the income exceeds Rs. 300 million.] 1[Division III Rate of Dividend Tax The rate of tax imposed under section 5 on dividend received from a company shall be- (a) 7.5% in the case of dividends paid by Independent Power 2[Producers] where such dividend is a pass through item under an Implementation Agreement or Power Purchase Agreement or Energy Purchase Agreement and is required to be re-imbursed by Central Power Purchasing (CPPA-G) or its predecessor or successor entity. 1 Division III substituted though Finance Act, 2019, substituted Division read as follows: “Rate of Dividend Tax The rate of tax imposed under section 5 on dividend received from a company shall be- (a) 7.5% in the case of dividends declared or distributed by purchaser of a power project privatized by WAPDA or on shares of a company set up for power generation or on shares of a company, supplying coal exclusively to power generation projects; and 1[(b) 1[15]%, in cases other than mentioned in clauses (a) and (c); (c) 1[12.5]% in case of dividend received by a person from a mutual fund 1[if the amount of dividend is above 2.5 million and 10% if the amount of dividend is less than or equal to 2.5 million.] ] Provided that the dividend received by a person from a stock fund shall be taxed at the rate of 12.5% for tax year 2015 and onwards, if dividend receipts are less than capital gains: Provided further that the dividend received by a company from a collective investment scheme 1[,REIT Scheme”] or a mutual fund, other than a stock fund, shall be taxed at the rate of 1[15] for tax year 2015 and onwards1[:] ] 1[Provided also that if a Developmental REIT Scheme with the object of development and construction of residential buildings is set up by thirtieth day of June, 1[2020], tax imposed on dividend received by a person from such Developmental REIT Scheme shall be reduced by fifty percent for three years from 1[the date of setting up of the said scheme”. 2 26th The word “Purchasers” substituted through Tax Law (Second Amendment) 2019 dated December, 2019 498 First Schedule – Part I __________________________________ 1[ ] 2[(b) 15% in the case of Real Estate Investment Trust and cases other than those mentioned in clauses (a), (ba), (c) and (d);] 3[(ba) 25% and 15%, in case of mutual funds, contingent upon proportional income derived from average annual investments in debt securities and equities respectively: Provided that where the corporate entity is recipient of the dividend, the component derived from the debt securities shall be taxed at the rate of twenty-nine percent.] 4[(c) 0% in case of dividend received by a REIT scheme from Special Purpose Vehicle and 35% in case of dividend received by others from Special Purpose Vehicle as defined under the Real Estate Investment Trust Regulations, 2015.] (d) 25% in case of a person receiving dividend from a company where no tax payable by such company, due to exemption of income or carry forward of business losses under Part VIII of Chapter III or claim of tax credits under Part X of Chapter III.] 5[ ] 1 Clause (b) substituted by the Finance Act, 2024. The substituted clause read as follows: “[(b) 15% in mutual funds 1[, Real Estate Investment Trusts] and cases other than those mentioned in clauses (a) 1[, (c) and (d).]” 2 The Clause (b) substituted by the Finance Act, 2025. The substituted clause read as follows: “(b) 15% in the case of mutual funds, Real Estate Investment Trusts and cases other than those mentioned in clauses (a), (c) and (d): Provided that the rate of tax on dividend received from mutual funds deriving fifty percent or more income from profit on debt shall be 25%.” 3 The existing clause (c) re-numbered as clause (d) and a new clause (c) inserted by the Finance (Supplementary) Act, 2022. 4 The existing clause (c) re-numbered as clause (d) and a new clause (c) inserted by the Finance (Supplementary) Act, 2022. 5 Added by the Finance Act, 2015. 499 First Schedule – Part I __________________________________ 1[Division IIIA Rate for Profit on Debt The rate of tax for profit on debt imposed under section 7B shall be – (a) 20% of the yield or profit paid by a banking company or financial institution on an account or deposit maintained with such company or institution; (b) 20% of the yield or profit on Government securities under clause (c) of sub-section (1) of section 151 paid to any person other than an individual; and (c) 15% of the yield or profit in cases other than those mentioned in clauses (a) and (b).] 2[ ] 3[ ] 1 Division IIIA substituted by the Finance Act, 2025. The substituted Division read as follows: “Division IIIA Rate for Profit on Debt The rate of tax for profit on debt imposed under section 7B shall be 1[15%]” 2 Table substituted through Finance Act, 2019, substituted table read as follow: TABLE S.NO Profit on Debt Rate of tax (1) (2) (3) 1. Where profit on debt does not exceed Rs.5,000,000 10% 2. Where profit on debt exceeds Rs.5,000,000 but does not exceed Rs.25,000,000 12.5% 3. Where profit on debt exceeds Rs.25,000,000 15% 3 TABLE omitted by the Finance Act, 2021. The TABLE read as follows: “TABLE S.NO Profit on Debt Rate of tax (1) (2) (3) 1. Where profit on debt does not exceed Rs.5,000,000 15% 2. Where profit on debt exceeds Rs.5,000,000 but does not exceed 17.5% Rs.25,000,000 3. Where profit on debt exceeds Rs.25,000,000 but does not exceed Rs. 20%] 36,000,000 500 First Schedule – Part I __________________________________ 1[Division IIIB Rate of Tax on Return on investment in sukuks received from a special purpose vehicle The rate of tax imposed under section 5AA on return on investment in sukuks received from a special purpose vehicle shall be— (a) 25% in the case the sukuk-holder is a company; (b) 12.5% in case the sukuk-holder is an individual or an association of person, if the return on investment is more than one million; and (c) 10% in case the sukuk-holder is an individual and an association of person, if the return on investment is less than one million.”] 2[DIVISION IV Rate of Tax on Ce rtain Payments The rate of tax imposed under section 6 on payments shall be 15% of the gross amount of royalty or fee for technical services 3[or fee of offshore digital services] and 10% in any other case. 4[Division IVA Rate of Tax on Payments for Digital Transactions in E-commerce Platforms 1 Inserted by the Presidential Order No.F.2(1)2016-Pub dated 31.08.2016. 2 Division IV substituted by the Finance Act, 2022. The substituted Division read as follows: “Division IV Rate of Tax on Certain Payments to Non-residents The rate of tax imposed under section 6 on payments to non-residents shall be 15% of the gross amount of the royalty or fee for technical services 2[and 5% of the gross amount of the fee for offshore digital services”.” 3 Words inserted by the Finance Act, 2025. 4 Division IVA inserted by the Finance Act, 2025. 501 First Schedule – Part I __________________________________ The rate of tax imposed under section 6A on payment for digitally ordered goods or digitally delivered services through e-commerce platforms including websites shall be in case of payment through – (i) Digital Means or banking channels by payment intermediary at the rate of 1% of gross amount paid or payable; and (ii) Cash on Delivery by courier service at the rate of 2% of the gross amount paid or payable.] Division V Rate of Tax on Shipping or Air Transport Income of a Non-resident Person The rate of tax imposed under section 7 shall be – (a) in the case of shipping income, 8% of the gross amount received or receivable; or (b) in the case of air transport income, 3% of the gross amount received or receivable. 1[ ] 1 “Division VI” omitted by the Finance Act, 2013. The omitted “Division VI” read as follows: “Division VI Income from Property (a) The rate of tax to be paid under section 15, in the case of individual and association of persons, shall be— S.No. Gross amount of rent Rate of tax (1) Where the gross amount of rent Nil does not exceed Rs.150,000. (2) Where the gross amount of rent 5 per cent of the gross amount exceeds Rs.150,000 but does not exceeding Rs.150,000. exceed Rs.400,000. (3) Where the gross amount of rent Rs.12,500 plus 7.5 per cent of exceeds Rs.400,000 but does not the gross amount exceeding exceed Rs.1,000,000. Rs.400,000. (4) Where the gross amount of rent Rs.57,500 plus 10 per cent of exceeds Rs.1,000,000. the gross amount exceeding Rs.1,000,000. (b) The rate of tax to be paid under section 15, in the case of company, shall be— S.No. Gross amount of rent Rate of tax (1) Where the gross amount of rent 5 per cent of the gross amount does not exceed Rs.400,000. of rent. (2) Where the gross amount of rent Rs.20,000 plus 7.5 per cent of exceeds Rs.400,000 but does not the gross amount of rent exceed Rs.1,000,000. exceeding Rs.400,000. 502 First Schedule – Part I __________________________________ 1[ ] 2[ ] (3) Where the gross amount of rent Rs.65,000 plus 10 per cent of exceeds Rs.1,000,000. the gross amount of rent exceeding Rs.1,000,000.” 1 Inserted by the Finance Act, 2016. 2 Division VIA omitted by the Finance Act, 2021. The omitted Division read as follows: “Division VIA INCOME FROM PROPERTY The rate of tax to be paid under section 15, in the case of individual and association of persons, shall be as follows:- S.No. Gross amount of rent Rate of tax (1) (2) (3) 1. Where the gross amount of rent does not exceed Nil Rs.200,000. 2. Where the gross amount of rent exceeds Rs.200,000 but 5 per cent of the gross amount does not exceed Rs.600,000. exceeding Rs.200,000. 3. Where the gross amount of rent exceeds Rs.600,000 Rs.20,000 plus 10 per cent of but does not exceed Rs.1,000,000. the gross amount exceeding Rs.600,000. 4. Where the gross amount of rent exceeds Rs.60,000 plus 15 per cent of Rs.1,000,000 but does not exceed Rs.2,000,000. the gross amount exceeding Rs.1,000,000. 5. Where the gross amount of rent exceeds Rs.210,000 plus 20 per cent of Rs.2,000,000 2[but does not exceed Rs. 4,000,000]. the gross amount exceeding Rs.2,000,000”] 6. 2[Where the gross amount of rent exceeds Rs. 4,000,000 but does not exceed Rs. 6,000,000 Rs.610,000 plus 25 per cent of the gross amount exceeding 7. Where the gross amount of rent exceeds Rs. Rs.4,000,000 6000,000 but does not exceeds Rs. 8,000,000 Rs.1,110,000 plus 30 per cent Where the gross amount of rent exceeds Rs. of the gross amount exceeding 8. 8,000,000 Rs.6,000,000 Rs.1,710,000 plus 35 percent of the gross amount exceeding Rs.8,000,000] “ 503 First Schedule – Part I __________________________________ 1[ ] 2[ ] 1 Division VII substituted by the Finance Act, 2015. The substituted Division VII read as follows:- [Division VII Capital Gains on disposal of Securities The rate of tax to be paid under section 37A shall be as follows S.No. Period. Tax Year. Rate of tax. 1 2 3 4 1. Where holding period of a security is less 2011 10% than six months. 2012 10% 2013 10% 2014 10% 2. Where holding period of a security is [more 2011 7.5% than six months] but less than twelve 2012 8% months. 2013 8% 2014 8% Tax Year 2015 3. Where holding period of a security is less 12.5% than twelve months. 4. Where holding period of a security is 10% twelve months or more but less than twenty-four months. 5. Where holding period of 0% a security is twenty-four months or more.” Provided that the rate for companies shall be as specified in Division II of Part I of First Schedule, in respective of debt securities;] Provided that a mutual fund or a collective investment scheme shall deduct Capital Gains Tax at the rates as specified above, on redemption of securities as Prescribed. 2 Division VII substituted by the Finance Act, 2016. Substituted Division read as follows:- [“Division VII Capital Gains on disposal of Securities The rate of tax to be paid under section 37A shall be as follows— S.No. Period Tax Year 2015 Tax Year 2016 (1) (2) (3) (4) 1. Where holding period of a security is less 12.5% 15% than twelve months. 2. Where holding period of a security is twelve 10% 12.5% months or more but less than twenty four months. 3. Where holding period of a security is twenty 0% 7.5% four months or more but less than four years. 504 First Schedule – Part I __________________________________ 1[ ] 2[ ] 4. Where holding period of a security is more 0% 0% than four years 1 Substituted by the Finance Act, 2016. 2 Division VII substituted by the Finance Act, 2022. The substituted Division read as follows: “Division VII CAPITAL GAINS ON DISPOSAL OF SECURITIES The rate of tax to be paid under section 37A shall be as follows:— 2[ ] 2[TABLE Tax Years 2018, 2019 , Tax Year 2022 2020 and 2021] Tax Tax Tax and onwards S. Period Year Year Year Securities Securities No. 2015 2016 2017 acquired acquired before after 01.07.2016 01.07.2016 (1) (2) (3) (4) (5) (6) (7) (8) 1. Where holding 12.5% 15% 15% 15% period of a security is less than twelve months 2. Where holding 10% 12.5% 12.5% 12.5% 15% 12.5% period of a security is twelve months or more but less than twenty-four months 3. Where holding 0% 7.5% 7.5% 7.5% period of a security is twenty - four months or more but the security was acquired on or after 1st July, 2013. 4. Where the 0% 0% 0% 0% 0% 0% security was acquired before 1st July, 2013 5. Future 0% 0% 5% 5% 5% 5%” commodity contracts entered into by members of Pakistan 505 First Schedule – Part I __________________________________ 1[DIVISION VII Mercantile Exchange 2[Provided that the rate of tax on cash settled derivatives traded on the stock exchange shall be 5% for the tax years 2018 to 2020.] Provided that the rate for companies shall be as specified in Division II of Part I of First Schedule, in respective of debt securities; Provided further that a mutual fund or a collective investment scheme or a REIT scheme shall deduct Capital Gains Tax at the rates as specified below, on redemption of securities as prescribed, namely:— Category Rate Individual and association of 10% for stock funds persons 10% for other funds Company 10% for stock funds 25% for other funds Provided further that in case of a stock fund if dividend receipts of the fund are less than capital gains, the rate of tax deduction shall be 12.5%: Provided further that no capital gains tax shall be deducted, if the holding period of the security is more than four years.”] 2[Explanation.- For removal of doubt, it is clarified that, the provisions of this proviso shall be applicable only in case of a mutual fund or collective investment scheme or a REIT scheme.] 1 Division VII substituted by the Finance Act, 2024. The substituted Division read as follows: “DIVISION VII Capital Gains on Disposal of Securities The rate of tax to be paid under section 37A shall be as follows:— TABLE S.No Holding Period Rate of Tax for Tax year 2023 and onwards (1) (2) (3) 1. Where the holding period does not exceed one 15% year 2. Where the holding period exceeds one year but 12.5% does not exceed two years 3. Where the holding period exceeds two years but 10% does not exceed three years 4. Where the holding period exceeds three years but 7.5% does not exceed four years 5. Where the holding period exceeds four years but 5% does not exceed five years 6. Where the holding period exceeds five years but 2.5% does not exceed six years 7. Where the holding period exceeds six years 0% 8. Future commodity contracts entered into by 5%: members of Pakistan Mercantile Exchange Provided that for securities except at S. No. 8 of the table,- (i) the reduced rates of tax on capital gain arising on disposal shall apply where the securities are acquired on or after the first day of July, 2022; and 1[(ii) the rate of 12.5% tax shall be charged on capital gain arising on disposal where the securities are acquired on or after the first day of July, 2013 but on or before the 30th day of June, 2022; and (iii) the rate of 0% tax shall be charged on capital gain arising on disposal where the securities are acquired before the first day of July, 2013:] Provided further that the rate for companies in respect of debt securities shall be as specified in Division II of Part I of the First Schedule: 506 First Schedule – Part I __________________________________ Capital Gains on Disposal of Securities The rate of tax to be paid under section 37A shall be as follows: — TABLE S. No. Holding Period Rate of Tax Rate of Tax on disposal on disposal of securities acquired on of securities or after 1st day of July, acquired 2024 between 1st day of July, 2022 and 30th June, 2024 (both dates inclusive) (1) (2) (3) (4) 1. Where the holding 15% 15% for persons period does not appearing on the Active exceed one year Taxpayers’ List on the 2. Where the holding 12.5% date of acquisition and period exceeds one the date of disposal of year but does not securities and at the rate exceed two years specified in Division I for 3. Where the holding 10% individuals and period exceeds two association of persons years but does not and Division II for exceed three years companies in respect of 4. Where the holding 7.5% persons not appearing on period exceeds three the Active Taxpayers’ years but does not List on the date of exceed four years Provided further that a mutual fund or a collective investment scheme or a REIT scheme shall deduct Capital Gains Tax at the rates as specified below, on redemption of securities as prescribed namely:— Category Rate Individual and association of persons 10% for stock funds 10% for other funds Company 10% for stock funds 25% for other funds Provided further that in case of a stock fund if dividend receipts of the fund are less than capital gains, the rate of tax deduction shall be 12.5%: Provided further that no capital gains tax shall be deducted, if the holding period of the security is more than six years. Explanation.- For removal of doubt, it is clarified that, the provisions of this proviso shall be applicable only in case of a mutual fund or collective investment scheme or a REIT scheme.]” 507 First Schedule – Part I __________________________________ 5. Where the holding 5% acquisition and date of period exceeds four disposal of securities: years but does not Provided that the rate of exceed five years tax for individuals and 6. Where the holding 2.5% association of persons not period exceeds five appearing on the Active years but does not Taxpayers’ List, the rate exceed six years of tax shall not be less 7. Where the holding 0% than 15% in any case. period exceeds six years 8. Future commodity 5% 5%: contracts entered into by members of Pakistan Mercantile Exchange Provided that for securities except at S. No. 8 of the Table – (i) the rate of 12.5% tax shall be charged on capital gain arising on disposal where the securities are acquired on or after the first day of July, 2013 but on or before the 30th day of June, 2022; and (ii) the rate of 0% tax shall be charged on capital gain arising on disposal where the securities are acquired before the first day of July, 2013: Provided further that the rate for companies in respect of debt securities shall be as specified in Division II of Part I of the First Schedule: Provided also that a mutual fund or a collective investment scheme or a REIT scheme shall deduct Capital Gains Tax at the rates as specified below, on redemption of securities as prescribed, namely: — Category Rate Individual and association of persons 15% for stock funds 15% for other funds Company 15% for stock funds 25% for other funds Provided also that in case of a stock fund if dividend receipts of the fund are less than capital gains, the rate of tax deduction shall be 15%: 508 First Schedule – Part I __________________________________ Provided also that no capital gain shall be deducted, if the holding period of the security acquired on or before 30th day of June 2024 is more than six years. Explanation.– For the removal of doubt, it is clarified that provisions of this proviso shall be applicable only in case of mutual ] fund or collective investment scheme or a REIT scheme. 1[ ] 2[ ] 3[ ] 1 Division VIII substituted through Finance Act, 2019, substituted Division read as follows: “Division VIII Capital Gains on disposal of Immovable Property The rate of tax to be paid under sub-section (1A) of section 37 shall be as follows:— 3 30th Table substituted through Finance Act, 2020 dated June, 2020 S.No. Amount of Gain Rate of tax (1) (2) (3) 1. Where the gain does not exceed Rs. 5 million 5% 2. Where the gain exceeds Rs. 5 million but does not exceed 10% Rs. 10 million 3. Where the gain exceeds Rs. 10 million but does not exceed 15% Rs. 15 million 4. Where the gain exceeds Rs. 15 million 20%] Provided that gain arising on the disposal of immovable property by a person in a tax year to a Rental REIT Scheme shall be taxed at the rate of five percent upto thirtieth day of June, 2019, irrespective of the holding period.] 1[Provided that rate of tax to be paid under sub-section (1A) of section 37 shall be reduced by fifty per cent on the first sale of immovable property acquired or allotted to ex-servicemen and serving personnel of Armed Forces or ex-employees or serving personnel of Federal and Provincial Governments, being original allottees of the immovable property, duly certified by the allotment authority.] 2 Division VIII substituted by the Finance Act, 2021. The substituted Division read as follows: 3 Division VIII substituted by the Finance Act, 2022. The Division read as follows: “Division VIII Tax on Capital Gains on disposal of Immovable Property The rate of tax to be paid under sub-section (1A) of section 37 shall be as follows:— TABLE S. No. Amount of Gain Rate of tax (1) (2) (3) 1. Where the gain does not exceed Rs. 5 million 3.5% 2. Where the gain exceeds Rs. 5 million but does not exceed 7.5% Rs. 10 million 3. Where the gain exceeds Rs. 10 million but does not exceed 10% Rs. 15 million 4. Where the gain exceeds Rs. 15 million 15%” 509 First Schedule – Part I __________________________________ 1[Division VIII The rate of tax to be paid shall under sub-section (1A) of section 37 shall be as follows: – TABLE S. No. Holding Period Rate of Tax on properties Rate of Tax on acquired on or before 30th properties day of June, 2024 acquired on or Open Constructed Flats after 1st day of Plots Property July, 2024 (1) (2) (3) (4) (5) (6) 1. Where the 15% 15% 15% 15% for persons holding period appearing on does not exceed the Active one year Taxpayers’ List 2. Where the 12.5% 10% 7.5% on date of holding period disposal of exceeds one property and at year but does the rates not exceed two specified in years Division I for 3. Where the 10% 7.5% 0 individuals and holding period association of exceeds two persons and years but does Division II for 1 Division VIII substituted by the Finance Act, 2024. The substituted Division read as follows: “ Division VIII The rate of tax to be paid shall under sub-section (1A) of section 37 shall be as follows: S. No Holding Period Rate of Tax Open Plots Constructed Flats Property (1) (2) (3) (4) (5) 1. Where the holding period does not exceed 15% 15% 15% one year 2. Where the holding period exceeds one 12.5% 10% 7.5% year but does not exceed two years 3. Where the holding period exceeds two 10% 7.5% 0 years but does not exceed three years 4. Where the holding period exceeds three 7.5% 5% - years but does not exceed four years 5. Where the holding period exceeds four 5% 0 - years but does not exceed five years 6. Where the holding period exceeds five 2.5% - - years but does not exceed six years 7. Where the holding period exceeds six 0% - -] years ]” 510 First Schedule – Part I __________________________________ not exceed three companies in years respect of 4. Where the 7.5% 5% - persons not holding period appearing on exceeds three the Active years but does Taxpayers’ List not exceed four on the date of years disposal of 5. Where the 5% 0 - property: holding period exceeds four Provided years but does that the rate of not exceed five tax for years individuals and 6. Where the 2.5% - - association of holding period persons not exceeds five appearing on the years but does Active not exceed six Taxpayers’ List years on the date of 7. Where the 0% - - disposal, the rate holding period of tax shall not be exceeds six less than 15% of years the gain. ] 1[Division VIIIA TAX ON BUILDERS The rate of tax under section 7C shall be as follows: (A) Karachi, Lahore (B) Hyderabad, Sukkur, (C) Urban Areas not and Islamabad Multan, Faisalabad, specified in A and B Rawalpindi, Gujranwala, Sahiwal, Peshawar, Mardan, Abbottabad, Quetta For commercial buildings Rs. 210/ Sq Ft Rs. 210/ Sq Ft Rs. 210/ Sq Ft For residential buildings 1 Inserted by the Finance Act, 2016. 511 First Schedule – Part I __________________________________ Area in Sq. Rate/ Area in Sq. Rate/ Sq. Ft Area in Rate/ Sq. ft Sq. Ft Ft Sq. Ft Ft Up to750 Rs. 20 Up to750 Rs. 15 Up to 750 Rs. 10 751 to Rs. 40 751 to Rs. 35 751 to Rs. 25 1500 1500 1500 1501 & Rs. 70 1501 and Rs. 55 1501 and Rs. 35 more more more 1[Division VIIIB TAX ON DEVELOPERS The rate of tax under section 7D shall be as follows: (A) Karachi, Lahore and (B) Hyderabad, Sukkur, (C) Urban Areas not Islamabad Multan, Faisalabad, specified in A and B Rawalpindi, Gujranwala, Sahiwal, Peshawar, Mardan, Abbottabad, Quetta For commercial Plots Rs. 210/ Sq Yd Rs. 210/ Sq Yd Rs. 210/ Sq Yd For residential Plots Area in Sq. Rate/ Area in sq. Rate/ Sq. Area in Sq. Rate/ Sq. Yd Sq. Yd Yd Yd Yd Yd Up to 120 Rs. 20 Up to 120 Rs. 15 Up to 120 Rs. 10 121 to 200 Rs. 40 121 to 200 Rs. 35 121 to 200 Rs. 25 201 and Rs. 70 201 and more Rs. 55 201 and Rs. 35”] more more 2[Division VIIIC Tax on deemed income The rate of tax under section 7E shall be 20%.] 3[Division IX 1 Inserted by the Finance Act, 2016. 2 Division VIIIC added by the Finance Act, 2022. 3 Division IX added by the Finance Act, 2014. 512 First Schedule – Part I __________________________________ Minimum tax under section 113] 1[S. No. Person(s) Minimum Tax as percentage of the person’s turnover for the year (1) (2) (3) 1. (a) 2[ ] Sui Southern Gas Company Limited and Sui 0.75% Northern Gas Pipelines Limited (for the cases where annual turnover exceeds rupees one billion.) (b) Pakistani International Airlines Corporation; and (c) Poultry industry including poultry breeding, broiler production, egg production and poultry feed production; 1 Table of Division IX substituted by the Finance Act, 2021. The substituted Table read as follows: S.No Person(s) Minimum Tax as percentage of the person’s turnover for the year (1) (2) (3) 1. (a) Oil marketing companies, Oil refineries, Sui Southern Gas 1[0.75% Company Limited and Sui Northern Gas Pipelines Limited (for the cases where annual turnover exceeds rupees one billion.) (b) Pakistani Airlines; and (c) Poultry industry including poultry breeding, broiler production, egg production and poultry feed production. 1[(d) Dealers or distributors of fertilizer 1[; and] 1[(e) person running an online marketplace as defined in clause (38B) of section 2.] 2. (a) Distributors of pharmaceutical products, 1[ ] fast moving 0.25% consumer goods 1[ ] and cigarettes; (b) Petroleum agents and distributors who are registered under the Sales Tax Act, 1990; (c) Rice mills and dealers; and (d) Flour mills. 3. Motorcycle dealers registered under the Sales Tax Act, 1990. 0.3% 4. In all other cases. 1.5%] 2 The expression “Oil marketing companies,” omitted by the Finance Act, 2022. 513 First Schedule – Part II________ __________________________ 2. (a) Oil refineries 0.5% (b) Motorcycle dealers registered under the Sales Tax Act, 1990 1[(c) Oil marketing companies] 3. (a) Distributors of pharmaceutical products, fast 0.25% moving consumer goods and cigarettes; (b) Petroleum agents and distributors who are registered under the Sales Tax Act, 1990; (c) Rice mills and dealers; (d) Tier-1 retailers of fast moving consumer goods who are integrated with Board or its computerized system for real time reporting of sales and receipts; (e) Person’s turnover from supplies through e- commerce including from running an online marketplace as defined in clause (38B) of section 2. (f) Persons engaged in the sale and purchase of used vehicles; and (g) Flour mills 4. In all other cases. 1.25%] 2[PART II RATES OF ADVANCE TAX [See Division II of Part V of Chapter X] 1 The paragraph (c) added by the Finance Act, 2022. 2 Table substituted thought Finance Act, 2020 dated 30th June, 2020, substituted table read as follows: “PART II RATES OF ADVANCE TAX [See Division II of Part V of Chapter X] The rate of advance tax to be collected by the Collector of Customs under section 148 shall be- S.No. Persons Rate (1) (2) (3) 1. 1% of the import (i) Industrial undertaking importing remeltable steel value as increased by (PCT Heading 72.04) and directly reduced iron for customs-duty, sales its own use; tax and federal excise (ii) Persons importing potassic fertilizers in duty pursuance of Economic Coordination Committee of the cabinet’s decision No.ECC- 155/12/2004 dated the 9th December, 2004; (iii) Persons importing urea; (iv) Manufacturers covered under Notification No. S.R.O. 1125(I)/2011 dated the 31st December, 2011 and importing items covered under S.R.O. 1125(I)/2011 dated the 31st December, 2011; (v) Persons importing Gold; (vi) Persons importing Cotton; and (vii) 2[Persons importing LNG] 514 First Schedule – Part II________ __________________________ The rate of advance tax to be collected by the Collector of Customs under section 148 shall be- S.No Persons Rate (1) (2) (3) 1. 1% of the import Persons importing goods classified in Part I of the value as increased Twelfth Schedule by customs-duty, sales tax and federal excise duty 2. Persons importing goods classified in Part II of the 2% of the import Twelfth Schedule value as increased by customs-duty, sales tax and federal excise duty 1[and 3.5% of the 2. Persons importing pulses 2% of the import value as increased by customs-duty, sales tax and federal excise duty 3. Commercial importers covered under Notification 3% of the import No. S.R.O. 1125(I)/2011 dated the 31st December, value as increased by 2011 and importing items covered under S.R.O. customs-duty, sales 1125(I)/2011 dated the 31st December, 2011. tax and federal excise duty 2[3A Persons importing coal 4% 4. Ship breakers on import of ships 4.5% 5. Industrial undertakings not covered under S. Nos. 1 to 4 5.5% 6. Companies not covered under S. Nos. 1 to 5 5.5% 7. Persons not covered under S. Nos. 1 to 6 6%] Provided that the rate specified in column (3),— (a) in the case of industrial undertaking, 2[ ] importing plastic raw material falling under PCT Heading 39.01 to 39.12 for its own use shall be 1.75% of the import value as increased by customs duty, sales tax and Federal excise duty; and (b) in the case of a commercial importer, 2[ ] importing plastic raw material falling under PCT Heading 39.01 to 39.12 shall be 4.5 % of the import value as increased by customs duty, sales tax and Federal excise duty] 2[:] 2[Provided further that the rate of tax on value of import of mobile phone by any person shall be as set out in the following Table, namely:- Table S.No. C & F Value of mobile phone (in US Dollar) Tax (in Rs.) (1) (2) (3) 1 Up to 30 70 2 Exceeding 30 and up to 100 2[100] 3 Exceeding 100 and up to 200 930 4 Exceeding 200 and up to 350 970 5 Exceeding 350 and up to 500 3,000 6 Exceeding 500 5,200] 1 The expression added by the Finance Act, 2022. 515 First Schedule – Part II________ __________________________ import value as increased by customs duty, sales tax and federal excise duty in case of commercial importer] 3. Persons importing goods classified in Part III of 5.5% of the import the Twelfth Schedule value as increased by customs-duty, sales tax and federal excise duty 1[and 6% of the import value as increased by customs duty, sales tax and federal excise duty in case of a commercial importer:] ’;] 2[Provided that the rate specified in column (3),— (a) in the case of manufacturers covered under rescinded Notification No. S.R.O 1125(I)/2011 dated the 31st December, 2011 as it stood on the 28th June, 2019 on import of items covered under the aforementioned S.R.O shall be 1%; (b) in case of persons importing finished pharmaceutical products that are not manufactured otherwise in Pakistan, as certified by the Drug Regulatory Authority of Pakistan shall be 4% 3[: (c) in case of importers of CKD kits of electric vehicles for small cars or SUVs with 50 kwh battery or below and LCVs with 150 kwh battery or below shall be one percent:] Provided further that the rate of tax on value of import of mobile phone by any person shall be as set out in the following table, namely:- Table 1 The expression added by the Finance Act, 2023. 3 Colon substituted and new clause (c) added by the Finance Act, 2021. Earlier this substitution and addition were made through Tax Laws (Amendment) Ordinance, 2021. 516 First Schedule – Part II________ __________________________ Tax (in Rs.) In CBU IN CKD/SKD condition condition S. No. C & F Value of mobile phone PCT under PCT (in US Dollar) Heading Heading 8517.1219 8517.1211 (1) (2) (3) (4) 1 Up to 30 except smart phones 70 0 2 Exceeding 30 and up to 100 100 0 and smart phones up to 100 3 Exceeding 100 and up to 200 930 0 4 Exceeding 200 and up to 350 970 0 1[5 Exceeding 350 and up to 500 5000 3000 6 Exceeding 500 11,500 5,200] 2[ ] 1 S. Nos 5 & 6 and entries relating thereto substituted by the Finance Act, 2022. The substituted S. Nos read as follows: 5 Exceeding 350 and up to 500 3,000 5,000 6 Exceeding 500 5,200 11,500 2 Part IIA omitted by the Finance Act, 2014. The omitted part IIA read as follows: “PART IIA COLLECTION OF TAX FROM DISTRIBUTORS, DEALERS AND WHOLESALERS (See section 153A) The rate of tax to be collected under section 153A, shall be 0.5% of the gross amount of sales.” 517 First Schedule – Part IIB______ __________________________ 1[Part IIB Rates of Advance Tax [see sub-section (5C) of section 147] TABLE Rate in respect of (1) (2) (3) (4) Hyderabad, Sukkur, Multan, Faisalabad, Karachi, Lahore Urban Areas not Area in Rawalpindi, Gujranwala, and Islamabad specified in Sahiwal, Sialkot, columns (2) and (3) Bahawalpur, Peshawar, Mardan, Abbottabad, Quetta TAX ON PERSONS FALLING UNDER SECTION 147(5C)(i) FOR COMMERCIAL BUILDINGS Sq. Ft. - - - Any size Rs.250 per Sq. ft. Rs.230 per Sq. ft. Rs.210 per Sq. ft. TAX ON PERSONS FALLING UNDER SECTION 147(5C)(i) FOR RESIDENTIAL BUILDINGS Sq. Ft. - - - upto 3000 Rs.80 per Sq. ft. Rs.65 per Sq. ft. Rs.50 per Sq. ft. 3000 and above Rs.125 per Sq. ft. Rs.110 per Sq. ft. Rs.100 per Sq. ft. TAX ON PERSONS FALLING UNDER SECTION 147(5C)(ii) Sq. Yds. - - - Any size Rs.150 per Sq. yd Rs.130 per Sq. yd Rs.100 per Sq. yd TAX ON PERSONS FALLING UNDER SECTION 147(5C)(ii) FOR DEVELOPMENT OF INDUSTRIAL AREA Sq. Yds. - - - Any size Rs.20 per Sq. yd Rs.20 per Sq. yd Rs.10 per Sq. yd: Provided that in case of mixed use buildings having both commercial and residential areas, respective rates mentioned above shall apply: Provided further that in case of development of plots and constructing buildings on the same plots as one project, both rates shall apply.] 1 Part IIB inserted by the Finance Act, 2023. 518 First Schedule – Part III______ __________________________ PART III DEDUCTION OF TAX AT SOURCE (See Division III of Part V of Chapter X) 1[Division I Advance Tax on Dividend The rate of tax to be deducted under section 150 2[ ] 3[ ] shall be- 4[(a) 7.5% in case of dividend paid by Independent Power 5[Producers] where such dividend is a pass through item under an Implementation Agreement or Power Purchase Agreement or Energy Purchase Agreement and is required to be re-imbursed by Central Power Purchasing Agency (CPPA-G) or its predecessor or successor entity.] 6[ ] 7[ ] 8[(b) 15% in the case of Real Estate Investment Trust and cases other than those mentioned in clauses (a), (ba), (c) and (d);] 1Division-I substituted by the Finance Act, 2014. The substituted Division-I read as follows: “ [Division I Profit on Debt The rate of tax to be deducted under section 151 shall be 10% of the yield or profit paid.” 2Inserted by the Finance Act, 2015. 3 The expression “and 236S” omitted by the Finance Act, 2021. 4 Paragraph (a) substituted though Finance Act, 2019, substituted para read as follow: (a) “7.5% in the case of dividends declared or distributed by purchaser of a power project privatized by WAPDA or on shares of a company set up for power generation or on shares of a company, supplying coal exclusively to power generation projects;” 5 26th The word “Purchasers” substituted through Tax Laws (Second Amendment), 2019 dated December, 2019. 6 30th The clause (b) substituted and new clause (ba) added through Finance Act, 2020 dated June 2020 the substituted clause (b) read as follows: “6[ 6[15] % 6[ ] other than mentioned in (a) above;” 7 Clause (b) substituted by the Finance Act, 2024. The substituted clause read as follows: “[(b) 15% in mutual funds 7[, Real Estate Investment Trusts] and cases other than those mentioned in clauses (a) 7[, (c) and (d).]” 8 The Clause (b) substituted by the Finance Act, 2025. The substituted clause read as follows: “(b) 15% in the case of mutual funds, Real Estate Investment Trusts and cases other than those mentioned in clauses (a), (c) and (d): Provided that the rate of tax on dividend received from mutual funds deriving fifty percent or more income from profit on debt shall be 25%.” 519 First Schedule – Part III_______ __________________________ 1[(ba) 25% and 15%, in case of mutual funds, contingent upon proportional income derived from average annual investments in debt securities and equities respectively: Provided that where the corporate entity is recipient of the dividend, the component derived from the debt securities shall be taxed at the rate of twenty-nine percent.] 2[(c) 0% in case of dividend received by a REIT scheme from Special Purpose Vehicle and 35% in case of dividend received by others from Special Purpose Vehicle as defined under the Real Estate Investment Trust Regulations, 2015; and] 3[(d)] 25% in case of a person receiving dividend from a company where no tax is payable by such company, due to exemption of income or carry forward of 1 The existing clause (c) re-numbered as clause (d) and a new clause (c) inserted by the Finance (Supplementary) Act, 2022. 2 Clause (c) inserted by the Finance (Supplementary) Act, 2022. 3 Clause (ba) re-numbered as clause (d) by the Finance (Supplementary) Act, 2022. 520 First Schedule – Part III_______ __________________________ business losses under Part VIII Chapter III or claim of tax credits under Part X of Chapter III.] 1[ ] 2[Division IA Profit on Debt The rate of tax to be deducted under section 151 shall be – (a) 20% of the yield or profit paid by a banking company or financial institution on an account or deposit maintained with such company or institution; (b) 20% of the yield or profit on Government securities under clause (c) of sub-section (1) of section 151 paid to any person other than an individual; and (c) 15% of the yield or profit in cases other than those mentioned in clauses (a) and (b).] 1 Para (c) and provisos thereafter omitted through Finance Act, 2019, omitted para read as follows: (c) 20% for non-filers other than mentioned in (a) above: Provided that the rate of tax required to be deducted by a collective investment scheme 1[, REIT Scheme] or a mutual fund shall be- 1[Person Stock Fund Money market fund, income fund or REIT scheme or any other fund Filer Non-Filer (1) (2) (3) (4) Individual 1[12.5]% 1[12.5]% 15% Company 1[12.5]% 1[15%] 25% AOP 1[12.5]% 1[12.5]% 15%”] Provided further that in case of a stock fund if dividend receipts of the fund are less than capital gains, the rate of tax deduction shall be 12.5% 1[“:”] ] 1[“Provided further that if a Developmental REIT Scheme with the object of development and construction of residential buildings is setup by thirtieth day of June, 1[2020], rate of tax on dividend received by a person from such Developmental REIT Scheme shall be reduced by fifty percent for three years from 1[the date of setting up of the said scheme]1[:] 1[Provided further that the rate of tax on dividend received by a person, other than a company, from a money market mutual fund shall be 10%, if the amount of dividend does not exceed two and a half million Rupees.1[;]] 1[Provided also that the rate of tax on dividend received by an individual, from a Rental REIT Scheme shall be 7.5%.”;]” 2 Division IA substituted by the Finance Act, 2025. The substituted Division read as follows: “ Division IA Profit on Debt The rate of tax to be deducted under section 151 shall be 2[15%] of the yield or profit 2[.] 2[ ] 2[ ]” 521 First Schedule – Part III_______ __________________________ 1[ Division IB Return on Investment in Sukuks The rate of tax to be deducted 2[on return on investment in sukuks from a sukuk holder] shall be— (a) 3[25]% in case the sukuk-holder is a company; (b) 12.5% in case the sukuk-holder is an individual or an association of person, if the return on investment is more than one million; (c) 10% in case the sukuk-holder is an individual and an association of person, if the return on investment is less than one million; and] 4[ ] 5[Division II Payments to non-residents (1) The rate of tax to be deducted from a payment referred to in sub-section (1A) of section 152 shall be 6[7% of the gross amount payable 7[ ] s]. 8[(1A) The rate of tax to be deducted from payments referred to in sub- section (1AA) of section 152, shall be 5% of the gross amount paid.] (2) The rate of tax to be deducted under sub-section (2) of section 152 shall be 9[20]% of the gross amount paid.] 10[(3) The rate of tax to be deducted under sub-section (1AAA) of section152, shall be 10% of the gross amount paid.] 1 Inserted by the Presidential Order No.F.2(1)/2016-Pub dated 31.08.2016. 2 The expression “under section 150A” substituted by the Finance Act, 2021. 3 30th The figure “15” substituted through Finance Act, 2020 dated June 2020. 4 In Division IB, paragraph(d)omitted through Finance Act, omitted paragraph read as follow: “(d) 17.5% in case the sukuk-holder is a non-filer” 5 Division-II substituted by the Finance Act, 2006. The substituted “Division-II” read as follows: “Division II Payments to non-residents The rate of tax to be deducted under sub-section (2) of section 152 shall be 30% of the gross amount paid.” 6 The expression “6% of the gross amount payable” substituted by the Finance Act, 2016. 7 The words “in case a person is a filer 13% in case the person is a non-filer” omitted through Finance Act, 2019. 8 Inserted by the Finance Act, 2008. 9 The figure “30” substituted by the Finance Act, 2010. 10 Added by the Finance Act, 2012. 522 First Schedule – Part III_______ __________________________ 1[(3A) The rate of tax to be deducted under 2[sub-sections (1D) and (1DA)] of section 152 shall be 10% of the amount of capital gain.] 3[(4) The rate of tax to be deducted from a payment referred to in clause (a) of sub-section (2A) of section 152 shall be— (i) in case of a company, 4[5%] of the gross amount payable 5[ ] ; and (ii) in any other case, 6[5.5%] of the gross amount payable 7[ ] 8[(5) The rate of tax to be deducted from a payment referred to in clause (b) of sub-section (2A) of section 152 shall be — 9[(i) 10[ ] 11[8%] of the gross amount payable, in the cases of transport services, freight forwarding services, air cargo services, courier services, manpower outsourcing services, hotel services, security guard services, software development services, IT services and IT enabled services as defined in 12[section 2], tracking services, advertising services (other than by print or electronic media), share registrar services, engineering services, car rental services, building maintenance services, services rendered of Pakistan Stock Exchange Limited and Pakistan Mercantile Exchange Limited inspection 1 26th New clause (3A) inserted through Tax Law (Second Amendment) Ordinance, 2019 dated December, 2019 2 The expression “sub-section (1D)” substituted by the Finance Act, 2021. Earlier this substitution was made through Tax Laws (Amendment) Ordinance, 2021. 3 Paragraph (4) substituted by the Finance Act, 2015. The substituted paragraph read as follows:- “(4) The rate of tax to be deducted from a payment referred to in clause (a) of sub-section (2A) of section 152 shall be 3.5% of the gross amount payable.” 4 The expression “4%” substituted by Finance Act, 2023. 5 The words “, if the company is a filer, 7% if the company is a non-filer” omitted through Finance Act, 2019. 6 The expression “4.5%” substituted by Finance Act, 2023. 7 The words “, if the person is a filer and 7.75% if the person is a non-filer.” Omitted through Finance Act, 2019 8 Added by the Finance Act, 2012. 9 30th Sub para (i) substituted through Finance Act, 2020 dated June, 2020 the substituted para read as follows: “(i) in the case of transport services, two per cent of the gross amount payable; or” 10 The expression “3%” substituted by Finance Act, 2023. 11 The expression “4%” substituted by Finance Act, 2025. 12 The expression “clause(133) of Part I of the Second Schedule” substituted by the Finance Act, 2021. 523 First Schedule – Part III_______ __________________________ and certification, testing and training services 1[, oilfield services] 2[: Provided that the rate of tax shall be 4% in case of IT services and IT enabled services as defined in section 2.] 3[ ] 4[(ii) in case of rendering of or providing of services other than sub- paragraph (i) shall be 15% of the gross amount payable.] 5[(6) The rate of tax to be deducted from a payment referred to in clause (c) of sub-section (2A) of section 152 shall be,— (i) 6[15%] of the gross amount payable in case of sportspersons; 7[(ii) 8[ ] 9[8%] of the gross amount payable 10[ ].] 11[ ] Division III Payments for Goods or Services (1) The rate of tax to be deducted from a payment referred to in clause (a) of sub-section (1) of section 153 shall be – 1 Inserted by the Finance Act, 2021. 2 The expression “3%” substituted by Finance Act, 2023. 3 Sub-paragraph (ii) substituted by the Finance Act, 2015. Substituted sub-paragraph read as follows:- “(ii) in any other case, six per cent of the gross amount payable.” 4 Sub-paragraph (ii) substituted by the Finance Act, 2025. Substituted sub-paragraph read as follows:- (ii) in cases other than 4[sub-paragraph (i)],— (a) in case of a company, 4[9%] of the gross amount payable 4[ ]; and (b) in any other case, 4[11%] of the gross amount payable, 4[ ];] “ 5 paragraph (6) substituted by the Finance Act, 2015. Substituted paragraph read as follows:- “(6) The rate of tax to be deducted from a payment referred to in clause (c) of sub-section (2A) of section 152 shall be six per cent of the gross amount payable.” 6 The expression “10%” substituted by the Finance Act, 2025. 7 Sub-paragraph (ii) substituted by the Finance Act, 2016. Substituted sub-paragraph read as follows:- “(ii) in case of a company, 7% of the gross amount payable, if the company is a filer and 10% if the company is a non-filer;” 8 The words “in case a person is a filer,” omitted through Finance Act, 2019. 9 The expression “7%” substituted by Finance Act, 2023. 10 The words “and 13 % if the person is a non-filer ,” omitted through Finance Act, 2019 11 Sub-paragraph (iii) omitted by the Finance Act, 2016. Omitted sub-paragraph read as follows:- (iii) in any other case, 7.5% of the gross amount payable, if the person is a filer and 10% if the person is a non-filer.”] 524 First Schedule – Part III_______ __________________________ (a) in the case of the sale of rice, 1[ ], cotton seed or edible oils, 2[1.5]% of the gross amount payable; or 3[:] 4[Explanation.— For removal of doubt, it is clarified that “cotton seed and edible oils” means cotton seed oil and edible oils;] 5[ 6[ ] ] 7[ ] (b) in the case of sale of goods 8[including toll manufacturing],— 9[ ] 10[(i) in case of a company, 9% of the gross amount payable for toll manufacturing and 5% of the gross amount payable in case other than toll manufacturing; and (ii) in case other than a company, 11% of the gross amount payable for toll manufacturing and 5.5% of the gross amount payable in other than toll manufacturing.] 1 The word “cotton” omitted by the Finance Act, 2005. 2 Substituted for the figure “1” by the Finance Act, 2003. Earlier this was substituted by S.R.O. 586(I)/2002 dated 28.08.2002 which stands rescinded by SRO 608(I)/2003, dated 24.06.2003 with effect from 01.07.2003. 3 Full stop substituted by finance act 2017. 4 Added by the Finance Act, 2016. 5 Inserted by the Finance Act, 2016. 6 Sub-paragraph (ab) substituted by the Finance Act, 2017. The substituted sub-paragraph (ab) read as follows: “(ab) in the case of the supplies made by the distributors of fast moving consumer goods, 3% of the gross amount payable, if the supplier is a company and 3.5% if the supplier is other than a company.” 7 Sub-paragraph (ab) omitted by the Finance Act, 2021. The sub-paragraph read as follows: “(ab) in the case of supplies made by the distributer of fast moving consumer goods,─ (i) in case of a company, 2% of the gross amount payable; and (ii) in any other case, 2.5% of the gross amount payable.]” 8 30th The expression inserted through Finance Act, 2020 dated June, 2020 9 Clauses (i) and (ii) of sub-paragraph (b) of paragraph (1) substituted by the Finance Act, 2015. The substituted clauses read as follows:- “(i) 4% of the gross amount payable in the case of companies; and (ii) 4.5%of the gross amount payable in the case of other taxpayers.” 10 Clause (i) and (ii) substituted by the Finance Act, 2024. The substituted clauses read as follows: “[(i) in case of a company, 10[5%] of the gross amount payable, 10[ ]; and (ii) in any other case, 10[5.5%] of the gross amount payable, 10[ ] ]]” 525 First Schedule – Part III_______ __________________________ 1[(2) The rate of tax to be deducted from a payment referred to in clause (b) of sub-section (1) of section 153 shall be — 2[(i) 3[ ] 4[6%] of the gross amount payable, in the cases of transport services, freight forwarding services, air cargo services, courier services, manpower outsourcing services, hotel services, security guard services, software development services, IT services and IT enabled services as defined in section 2, tracking services, advertising services (other than by print or electronic media), share registrar services, engineering services including architectural services, warehousing services, services rendered by asset management companies, data services provided under license issued by the Pakistan Telecommunication Authority, telecommunication infrastructure (tower) services, car rental services, building maintenance services, services rendered by Pakistan Stock Exchange Limited and Pakistan Mercantile Exchange Limited, inspection, certification, testing and training services, oilfield services, telecommunication services, collateral management services, 1 Substituted by the Finance Act, 2019. The substituted clause (2) read as follows: “(i) in the case of transport services, two per cent of the gross amount payable; or (ii) in the case of rendering of or providing of services, — 1[(a) in case of a company, 8% of the gross amount payable, if the company is a filer and 1[14.5]% if the company is a non-filer; and (b) in any other case, 10% of the gross amount payable, if the person is a filer and 1[17.5]% if the person is a non-filer; (a) in respect of persons making payments to electronic and print media for advertising services,— (i) in case of a filer, 1[1.5%] of the gross amount payable; and (ii) in case of a non-filer, 12% of the gross amount payable, if the non-filer is a company and 15% if the non-filer is other than a company;” 2 Sub-paragraph (i) substituted by the Finance Act, 2021. The substituted sub-paragraph read as follows: “ (i) 3% of the gross amount payable, in the cases of transport services, freight forwarding services, air cargo services, courier services, manpower outsourcing services, hotel services, security guard services, software development services, IT services and IT enabled services as defined in clause (133) of Part I of the Second Schedule, tracking services, advertising services (other than by print or electronic media), share registrar services, engineering services, 2[warehousing services, services rendered by asset management companies, data services provided under licence issued by the Pakistan Telecommunication Authority, telecommunication infrastructure (tower) services,] car rental services, building maintenance services, services rendered by Pakistan Stock Exchange Limited and Pakistan Mercantile Exchange Limited inspection, certification, testing and training services;” 3 The expression “3%” substituted by Finance Act, 2023. 4 The expression “4%” substituted by Finance Act, 2025. 526 First Schedule – Part III_______ __________________________ travel and tour services 1[, REIT management services, services rendered by National Clearing Company of Pakistan Limited] 2[: Provided that the rate of tax shall be 4% in case of IT services and IT enabled services as defined in section 2.] Explanation:—The tax rate under this subparagraph shall be applicable only to a service provider whose services are subjected to withholding tax on gross receipts and the service provider has not agitated taxation of gross receipts before any court of law;] 3[(ii) in case of rendering of or providing of services other than sub- paragraph (i) shall be 15% of the gross amount payable: Provided that in respect of persons making payments to electronic and print media for advertising services the rate shall be 1.5% of the gross amount payable.] (3) The rate of tax to be deducted from a payment referred to in clause (c) of sub-section (1) of section 153 shall be 4[ ] - ] 5[(i) 6[15%] of the gross amount payable in case of sportspersons; (ii) in case of a company, 7[ ] 8[7.5%] of the gross amount payable 9[ ] ; and 1 Expression added by the Finance Act, 2022. 2 The expression “3%” substituted by Finance Act, 2023. 3 Sub-paragraph (ii) substituted by the Finance Act, 2025. Substituted sub-paragraph read as follows:- (ii) in case of rendering of or providing of services other than sub-clause (i),- (a) in case of a company, 3[9%] of the gross amount payable; (b) in any other case, 3[11%] of the gross amount payable; and (c) in respect of persons making payments to electronic and print media for advertising services, 1.5% of the gross amount payable.] 4 The figure, words and full stop “6% of the gross amount payable.” Substituted by the Finance Act, 2013. 5 Sub-paragraphs (i), (ii) and (iii) of paragraph (3) substituted by the Finance Act, 2015. The substituted sub-paragraphs read as follows:- “(i) 7%of the gross amount payable in the case of companies; and (ii) 7.5% of the gross amount payable in the case of other taxpayers. (iii) 10% of the gross amount payable in case of sportspersons.” 6 The expression “10%” substituted by the Finance Act, 2025. 7 The figure “7%” substituted by the Finance Act, 2021. 8 The expression “6.5%” substituted by Finance Act, 2023. 9 9[ 9[14]% The words “, if the company is a filer and ] if the company is a non-filer” omitted though Finance Act, 2019. 527 First Schedule – Part III_______ __________________________ (iii) in any other case, 1[ ] 2[8%] of the gross amount payable 3[ ]] 4[(3A) The rate of tax to be deducted from a payment referred to in sub- section (2A) of section 153 for digitally ordered goods or digitally delivered services through e-commerce platforms including websites shall be in case of payment through – (i) Digital Means or banking channels by payment intermediary at the rate of 1% of gross amount paid or payable; (ii) Cash on Delivery by courier service at the rate of 2% of gross amount paid or payable:] 5[ ] 6[ ] 7[Division IIIAA Gain arising on disposal of certain debt securities The rate of tax to be deducted under section 151A shall be 15% of the gross amount of the capital gain.] 1 The figure “7.5%” substituted by the Finance Act, 2021. 2 The expression “7%” substituted by Finance Act, 2023. 3 3[ 3[15]% The words “, if the person is a filer and ] if the person is a non-filer” omitted through Finance Act, 2019. 4 The figure “7.5%” substituted by the Finance Act, 2021. 5 Clause (4) omitted by the Finance Act, 2006. The omitted clause (4) read as follows: “ (4) The rate of tax to be deducted from a payment referred to in sub-section (3) of section 153 shall be 6% of the gross amount payable.” 6 “Division IIIA” omitted by the Finance Act, 2012. The omitted “Division IIIA” read as follows:- “Division IIIA Payments to non-resident media persons The rate of tax to be deducted under section 153A, shall be 10% of the gross amount paid.” 7 Division IIIAA inserted by the Finance Act, 2025. 528 First Schedule – Part III_______ __________________________ 1[ ] 2[ ] Division IV Exports 3[(1) The rate of tax to be deducted under sub-sections (1), (3), (3A), (3B) or (3C) of section 154 shall be 1% of the proceeds of the export.] 4[ ] (3) The rate of tax to be deducted under sub-section 5[(2)] of section 153 shall be 6[1] %. 7[ ] 8[DIVISION IVA Export of Services The rate of tax to be deducted under section 154A shall be:- S. No. Types of Receipts Rate of Tax (1) (2) (3) 1. Export proceeds of Computer software or 0.25% of proceeds IT services or IT Enabled services by 9[for tax years persons registered with Pakistan 2024 up to tax year Software Export Board 2026] 2. Any other case 1% of proceeds] 1 New Division IIIB inserted through Finance Act, 2019. 2 Division IIIB omitted by the Finance Act, 2021. The omitted Division read as follows: Division IIIB Royalty paid to resident persons The rate of tax to be deducted under section 153B shall be 15% of the gross amount payable.] 3 Clause (1) substituted by the Finance Act, 2009. The substituted clause (1) read as follows: - “(1) The rate of tax to be deducted under sub-sections (1), (3), (3A) or (3B) of section 154 shall be 1% of the proceeds of the export.” 4 Clause (2) omitted by the Finance Act, 2022. 5 The figure, brackets and letter “(1A)” substituted by the Finance Act, 2011. 6 Figure “0.5” substituted by the figure “1” by the Finance Act, 2014. 7 Division IVA added by the Finance Act, 2021. 8 Division IVA substituted by the Finance Act, 2022. The substituted Division read as follows: “ Division IVA Exports of Services The rate of tax to be deducted under section 154A shall be one percent of the proceeds of the export.” 9 Expression added by the Finance Act, 2023. 529 First Schedule – Part III_______ __________________________ 1[Division V Income from Property (a) The rate of tax to be deducted under section 155, in the case of individual and association of persons, shall be— 2[TABLE 1 Division V substituted by the Finance Act, 2013. The substituted “Division V” read as follows: “Division V Income from Property (a) The rate of tax to be deducted under section 155, in the case of individual and association of persons, shall be— S.No. Gross amount of rent Rate of tax (1) Where the gross amount of rent Nil does not exceed Rs.150,000. (2) Where the gross amount of rent 5 per cent of the gross amount exceeding exceeds Rs.150,000 but does Rs.150,000. not exceed Rs.400,000. (3) Where the gross amount of rent Rs.12,500 plus 7.5 per cent of the gross amount exceeds Rs.400,000 but does exceeding Rs.400,000. not exceed Rs.1,000,000. (4) Where the gross amount of rent Rs.57,500 plus 10 per cent of the gross amount exceeds Rs.1,000,000. exceeding Rs.1,000,000. (b) The rate of tax to be deducted under section 155, in the case of company, shall be— S.No. Gross amount of rent Rate of tax (1) Where the gross amount of rent 5 per cent of the gross amount of rent. does not exceed Rs.400,000. (2) Where the gross amount of rent Rs.20,000 plus 7.5 per cent of the gross exceeds Rs.400,000 but does amount of rent exceeding Rs.400,000. not exceed Rs.1,000,000. (3) Where the gross amount of rent Rs.65,000 plus 10 per cent of the gross exceeds Rs.1,000,000. amount of rent exceeding Rs.1,000,000.” 2 The Table of Division V substituted by the Finance Act, 2021. The substituted Table read as follows: 2[ S.No. Gross amount of rent Rate of tax (1) (2) (3) 530 First Schedule – Part III_______ __________________________ S. No. Gross amount of rent Rate of tax (1) (2) (3) 1. Where the gross amount of rent does not Nil exceed Rs.300,000. 2. Where the gross amount of rent exceeds 5 per cent of the gross Rs.300,000 but does not exceed amount exceeding Rs.600,000. Rs.300,000. 3. Where the gross amount of rent exceeds Rs.15,000 plus 10 per Rs.600,000 but does not exceed cent of the gross amount Rs.2,000,000. exceeding Rs.600,000. 4. Where the gross amount of rent exceed Rs.155,000 plus 25 per Rs.2,000,000. cent of the gross amount exceeding Rs.2,000,000. (b) The rate of tax to be deducted under section 155, in the case of company shall be 15% of the gross amount of rent 1[ ] Division VI Prizes and Winnings 1. Where the gross amount of rent Nil does not exceed Rs.200,000. 2. Where the gross amount of rent 5 per cent of the gross amount exceeding exceeds Rs.200,000 but does Rs.200,000. not exceed Rs.600,000. 3. Where the gross amount of rent Rs.20,000 plus 10 per cent of the gross exceeds Rs.600,000 but does amount exceeding Rs.600,000. not exceed Rs.1,000,000. 4. Where the gross amount of rent Rs.60,000 plus 15 per cent of the gross exceeds Rs.1,000,000 but does amount exceeding Rs.1,000,000. not exceed Rs.2,000,000. 5. Where the gross amount of rent Rs.210,000 plus 20 per cent of the gross exceeds Rs.2,000,000 2[but not amount exceeding Rs.2,000,000”] exceed Rs. 4000,000]. 2[6. Where the gross amount of rent Rs.610,000 plus 25 per cent of the gross exceeds Rs.4,000,000 but does amount exceeding Rs.4,000,000. not exceed Rs.6,000,000. 7. Where the gross amount of rent Rs.1,110,000 plus 30 per cent of the exceeds Rs.6,000,000 but does gross amount exceeding Rs.6,000,000. not exceed Rs.8,000,000. 8. Where the gross amount of rent Rs.1,710,000 plus 35 per cent of the exceeds Rs.8,000,000. gross amount exceeding Rs.8,000,000.] 1 The words “for filers and 17.5% of the gross amount of rent for non-filers” omitted through Finance Act, 2019 531 First Schedule – Part III_______ __________________________ (1) The rate of tax to be deducted under section 156 on a prize on prize bond or cross-word puzzle shall be 1[15]% of the gross amount paid 2[ ]. (2) The rate of tax to be deducted under section 156 on winnings from a raffle, lottery, prize on winning a quiz, prize offered by a company for promotion of sale, shall be 20% of the gross amount paid.] Division VIA Petroleum Products Rate of collection of tax under section 156A shall be 3[12] of the amount of payment 4[ ]. 5[ ] 6[ ] 7[ ] 1 The figure “10” substituted by the Finance Act, 2013. 2 2[25]% The words “for filers and of the gross amount paid for non-filers” omitted through Finance Act, 2019. 3 Figure “10” substituted by the figure “12” by the Finance Act, 2014. 4 4[17.5]% The words “for filers and for non-filers” omitted through Finance Act, 2019. 5 Added by the Finance Act, 2007. 6 Division VIB Omitted by the Finance Act, 2021. The omitted Division read as follows: Division VIB CNG STATIONS The rate of tax to be collected under section 234A in the case of a Compressed Natural Gas station shall be four per cent of the gas consumption charges 6[ ] . ]” 7 Division VII omitted by the Finance Act, 2002. The omitted Division VII read as follows: “Division VII Petroleum Products The Rate of tax to be deducted under section 157 shall be 10% of the commission or discount.” 532 First Schedule – Part IV_____ __________________________ PART IV (See Chapter XII) DEDUCTION OR COLLECTION OF ADVANCE TAX 1[ ] 2[Division II BROKERAGE AND COMMISSION The rate of tax for deduction or collection under section 233 shall be as set out in the following Table, namely:- TABLE S. No. Person Rate of Tax (1) (2) (3) 1. Advertising Agents 10% 2. Life Insurance Agents where commission 8% received is less than Rs.0.5 million per annum 3. Persons not covered in 1 and 2 above 12%] 3[ 4[ ] ] 1 Division I omitted by the Finance Act, 2002. The omitted Division I read as follows: “Division I Transfer of Funds Rate of tax for the purpose of collection of tax under section 232 is 0.30 per cent of the amount.” 2 Rate of tax set out through Finance Act, 2019. Pervious table read as under: Rate applicable on the amount of S.No. Person payment. Filer Non-filer (1) (2) (3) (4) 1. Advertising Agents 10% 15% 2. Life Insurance Agents where commission received is less than 8% 16% Rs.0.5 million per annum 3. Persons not covered in 1 and 2 12% 15%”] above 3 Inserted by the Finance Act, 2004. 4 Division IIA substituted by the Finance Act, 2016. Substituted Division read as follows:- “Division IIA 533 First Schedule – Part IV_____ __________________________ 1[ ] 2[ ] 3[ ] Division III 4[Tax on Motor Vehicles] Rates of collection of tax under section 234,— 5[(1) In case of goods transport vehicles, tax of two rupees and fifty paisa per kilogram of the laden weight shall be charged 6[ ] .] 7[(1A) In the case of goods transport vehicles with laden weight of 8120 kilograms or more, advance tax after a period of ten years from the date of first registration of vehicle in Pakistan shall be collected at the rate of twelve hundred rupees per annum;] Rates for Collection of Tax by a Stock Exchange Registered in Pakistan (i) in case of purchase of shares as per clause (a) of 4[0.01%] of purchase sub-section (1) of section 233A. value (ii) in case of sale of shares as per clause (b) of sub- 4[0.01%] of sale value section (1) of section 233A. 4[ ] 4[ ]” 1 Division IIA omitted by the Finance Act, 2021. The omitted Division read as follows: “Division IIA RATES FOR COLLECTION OF TAX BY A STOCK EXCHANGE REGISTERED IN PAKISTAN S.No. Description Rate (1) (2) (3) 1. in case of purchase of shares as per clause 0.02% of (a) of sub-section (1) of section 233A. purchase value 2. in case of sale of shares as per clause (b) of 0.02% of sale sub-section (1) of section 233A. value”;” 2 Inserted by the Finance Act, 2013. 3 Division IIB omitted by the Finance Act, 2021. The omitted Division read as follows: “Division IIB Rates for collection of tax by NCCPL The rate of deduction under section 233AA shall be 10% of profit or mark-up or interest earned by the member, margin financier or securities lender.]” 4 The heading “Transport Business” substituted by the Finance Act, 2008. 5 Paragraph (i) substituted by the Finance Act, 2015. The substituted paragraph (i) read as follows:-“(i) in case of goods transport vehicles, tax of five rupees per kilogram of the laden weight shall be charged.” 6 The words “for filer and four rupees per kilogram of the laden weight for non-filer” omitted though Finance Act, 2019. 7 Inserted by the Finance Act, 2003. 534 First Schedule – Part IV_____ __________________________ (2) In the case of passenger transport vehicles plying for hire with registered seating capacity of — 1[S. No Capacity Rs. per seat Rs. per seat per per annum annum Non Air Air Conditioned Conditioned (1) (2) (3) (4) 1. 4 or more persons but less 200 375 than 10 persons 2. 10 or more persons but less 500 750 than 20 persons 3. 20 persons or more 1000 1500] 2[(3) In case of other 3[ ] motor vehicles shall be as set out in the following Table, namely:- 4[S. No. Engine capacity Tax 1 The Table substituted by the Tax Laws (Amendment) Act, 2023 (XVI of 2023) dated 20.04.2023. Earlier this Table was substituted through Tax Laws (Second Amendment) Ordinance, 2022 (VI of 2022) dated 22.08.2022. The substituted Table read as follows: “S. No Capacity Rs. per seat per annum Rs. per seat per Non Air Conditioned annum Air Conditioned (1) (2) (3) (4) 1. 4 or more persons but less than 10 persons 500 1000 2. 10 or more persons but less than 20 persons 1500 2000 3. 20 persons or more 2500 4000” 2 Clause (3) substituted by Finance Act, 2014. The substituted clause (3) read as follows: “(3) Other private motor cars with engine capacity of— (a) upto 1000cc Rs. 750 (b) 1001cc to 1199cc Rs. 1250 (c) 1200cc to 1299 cc Rs.1750 (d) 1300cc to 1599cc Rs. 3000 (e) 1600cc to 1999 cc Rs. 4000 (f) 2000cc and above Rs. 8000” 3 The word “private” omitted by the Finance Act, 2022. 4 Clause (3) substituted through Finance Act, 2019. Substituted clause read as follows: “(3) In case of other private motor vehicles shall be as following,- “S. No. Engine capacity for filers for non-filer (1) (2) (3) (4) 1. upto 1000cc Rs. 800 Rs. 1,200 2. 1001cc to 1199cc Rs. 1,500 Rs. 4,000 3. 1200cc to 1299cc Rs. 1,750 Rs. 5,000 4. 1300cc to 1499cc Rs. 2,500 Rs. 7,500 5. 1500cc to 1599cc Rs. 3,750 Rs. 12,000 6. 1600cc to 1999cc Rs. 4,500 Rs. 15,000 535 First Schedule – Part IV_____ __________________________ (1) (2) (3) 1. upto 1000cc Rs. 800 2. 1001cc to 1199cc Rs. 1,500 3. 1200cc to 1299cc Rs. 1,750 4. 1300cc to 1499cc Rs. 2,500 5. 1500cc to 1599cc Rs. 3,750 6. 1600cc to 1999cc Rs. 4,500 7. 2000cc & above Rs. 10,000] (4) where the motor vehicle tax is collected in lump sum, 1[S. Engine capacity Tax No. (1) (2) (3) 1. upto 1000cc Rs. 10,000 2. 1001cc to 1199cc Rs. 18,000 3. 1200cc to 1299cc Rs. 20,000 4. 1300cc to 1499cc Rs. 30,000 5. 1500cc to 1599cc Rs. 45,000 6. 1600cc to 1999cc Rs. 60,000 7. 2000cc & above Rs. 120,000] 2[DIVISION IV 7. 2000cc & above Rs. 10,000 Rs. 30,000”] 1 Table substituted through Finance Act, 2019. Substituted table read as follows: S. No. Engine capacity for filers for non-filer (1) (2) (3) (4) 1. upto 1000cc Rs. 10,000 Rs. 10,000 2. 1001cc to 1199cc Rs. 18,000 Rs. 36,000 3. 1200cc to 1299cc Rs. 20,000 Rs. 40,000 4. 1300cc to 1499cc Rs. 30,000 Rs. 60,000 5. 1500cc to 1599cc Rs. 45,000 Rs. 90,000 6. 1600cc to 1999cc Rs. 60,000 Rs. 120,000 7. 2000cc & above Rs. 120,000 Rs. 240,000] 2 Division IV omitted by the Finance Act, 2021. The omitted Division read as follows: Division IV Electricity Consumption Rate of collection of tax under section 235 2[where the 2[gross] amount of electricity bill,]- 2[(a) does not exceed Rs. 400 Rs. 2[0] (b) exceeds Rs. 400 but does not exceed Rs. 600 Rs. 80 (c) exceeds Rs. 600 but does not exceed Rs. 800 Rs. 100 536 First Schedule – Part IV_____ __________________________ Electricity Consumption (1) The rate of collection of tax from commercial and industrial consumers from gross amount of bills shall be as set out in the following Table, namely:— TABLE S. No Gross amount of Bill Tax 1 upto Rs. 500 Rs. 0 2 exceeds Rs. 500 but 10% of the amount does not exceed Rs. 20,000 3 exceeds Rs.20,000 Rs. 1950 plus 12% of the amount exceeding Rs.20,000 for commercial consumers Rs. 1950 plus 5% of the amount exceeding Rs.20,000 for industrial consumers (2) The rate of tax to be collected on domestic electricity consumption shall be— (i) zero percent the amount of monthly bill is less than Rs.25,000; and (ii) 7.5% if the amount of monthly bill is Rs. 25,000 or more;] 1[ ] (d) exceeds Rs. 800 but does not exceed Rs. 1000 Rs. 160 (e) exceeds Rs. 1000 but does not exceed Rs. 1500 Rs. 300 (f) exceeds Rs. 1500 but does not exceed Rs. 3000 Rs. 350 (g) exceeds Rs. 3000 but does not exceed Rs. 4500 Rs. 450 (h) exceeds Rs. 4500 but does not exceed Rs. 6000 Rs. 500 (i) exceeds Rs. 6000 but does not exceed Rs. 10000 Rs. 650 (j) exceeds Rs. 10000 but does not exceed Rs. 15000 Rs. 1000 (k) exceeds Rs. 15000 but does not exceed Rs. 20000 Rs. 1500 (l) exceeds Rs. 20000. 2[(i) at the rate of 2[12] per cent for commercial consumers; (ii) at the rate of 5 per cent for industrial consumers.] ] 1 Clause (3) inserted by the Finance Act, 2022. 537 First Schedule – Part IV_____ __________________________ 1 [ ] Division V Telephone users Rates of collection of tax under section 236, — 2[(a) in the case of a telephone subscriber 10% of the (other than mobile phone subscriber) exceeding where the amount of monthly bill amount of bill.] exceeds Rs.1000. 3[(b) 1 Clause (3) omitted by Tax Laws (Amendment) Act, 2023 (XVI of 2023) dated 20.04.2023. Earlier this clause was omitted through Tax Laws (Second Amendment) Ordinance, 2022 (VI of 2022) dated 22.08.2022.The omitted clause (3) read as follows: “(3) the rate of tax leviable under section (99A), and collectable under sub section (1A) of Section 235 shall be as set out in the TABLE under:- TABLE S. No Gross amount of monthly bill Tax (1) (2) (3) 1. Where the amount does not exceed Rs. 30,000 Rs.3,000 2. Where the amount exceeds Rs. 30,000 but does not exceed Rs. Rs.5,000 50,000 3. Where the amount exceeds Rs. 50,000 but does not exceed Rs. Rs.10,000 100,000 4. Retailers and service providers as notified by the Board in the Up to Rs.200,000” income tax general order 2 Paragraph (a) substituted by the Finance Act, 2008. The substituted paragraph (a) read as follows: “(a) In the case of telephone subscriber (other than mobile phone subscriber) where the monthly bill— (a) exceeds Rs. 1000 but does not exceed Rs. Rs. 50 2000 (b) exceeds Rs. 2000 but does not exceed Rs. 3000. Rs. 100 (c) exceeds Rs. 3000 but does not exceed Rs. 5000. Rs. 200 (d) exceeds Rs. 5000. Rs. 300” 3 Clause (b) of Division V substituted by the Finance Act, 2015. The substituted clause (b) read as follows:- “(b) in the case of subscriber of mobile 14% of the amount of telephone and pre-paid telephone card bill or sales price of pre-paid telephone card 3[or sale of units through 3[any electronic medium] or whatever form ] 538 First Schedule – Part IV_____ __________________________ in the case of subscriber of internet, 1[ 2[ 3[15%] ] ] of mobile telephone and pre-paid internet the amount of bill or or telephone card sales price of internet pre-paid card or prepaid telephone card or sale of units through any electronic medium or whatever form 4[: Provided that in the case of persons mentioned in income tax general order issued under section 114B, the rate of collection of tax shall be 75% of the amount of bill or sale price of internet pre-paid card or prepaid telephone card or sale of units to any electronic medium or whatever form.] 1 The figure “14” substituted by Finance Act 2017. 2 The expression “12.5%” substituted by the Finance Act, 2021. 3 The expression “10% for tax year 2022 and 8% onwards” substituted by the Finance (Supplementary) Act, 2022. 4 Colon inserted and Proviso added by the Finance Act 2024. 539 First Schedule – Part IV_____ __________________________ 1[ ] 2[DIVISION VII Advance Tax on Purchase, Registration and Transfer of Motor Vehicles 3 [(1) The rate of tax under sub-sections (1) and (3) of section 231B shall be as set out in the following Table: – 1 Division VI and VIA omitted by the Finance Act, 2021. The omitted divisions read as follows: Division VI Cash withdrawal from a bank The Rate of tax to be deducted under section 231A shall be 1[ ] 1[0.6] % of the cash amount withdrawn, for 1[the person whose name is not appearing in the active taxpayers’ list]]. 1[Division VIA Advance tax on Transactions in Bank The rate of tax to be deducted under section 231AA shall be at the rate of 4[0.6% of the transactions for 1[the person whose name is not appearing in the active taxpayers’ list].]” 1 Division VII of Part IV substituted by the Finance Act, 2015. The substituted Division VII readas follows:- “DIVISION VII Advance Tax on purchase of Motor Car and Jeep The rate of tax under sub-sections (1), (2) and (3) of section 231B shall be as follows:– S. No. Engine capacity For filers Tax for non-filer (1) (2) (3) (4) 1. upto 850cc Rs. 10,000 Rs. 10,000 2. 851cc to 1000cc Rs. 20,000 Rs. 25,000 3. 1001cc to 1300cc Rs. 30,000 Rs. 40,000 4. 1301cc to 1600cc Rs. 50,000 Rs. 100,000 5. 1601cc to 1800cc Rs. 75,000 Rs. 150,000 6. 1801cc to 2000cc Rs. 100,000 Rs. 200,000 7. 2001cc to 2500cc Rs. 150,000 Rs. 300,000 8. 2501cc to 3000cc Rs. 200,000 Rs. 400,000 9. Above 3000cc Rs. 250,000 Rs. 450,000” Provided that the rate of tax to be collected under sub-section (2) of section 231B, shall be reduced by 10% each year from the date of first registration in Pakistan.” 3 Clause (1) substituted by the Finance Act, 2023. The substituted clause (1) read as follows: “(1) The rate of tax under sub-sections (1) and (3) of section 231B shall be as set out in the following Table:– TABLE S.No Engine Capacity Tax (1) (2) (3) 1. Upto 850 cc Rs.10,000 2. 851cc to 1000cc Rs.20,000 3. 1001cc to 1300cc Rs.25,000 4. 1301cc to 1600cc Rs.50,000 5. 1601cc to 1800cc Rs.150,000 6. 1801cc to 2000cc Rs.200,000 7. 2001cc to 2500cc Rs.300,000 8. 2501cc to 3000cc Rs.400,000 9. Above 3000cc Rs.500,000 Provided that in cases where engine capacity is not applicable and the value of vehicle is Rupees five million or more, the rate of tax collectible shall be 3% of the import value as increased 540 First Schedule – Part IV_____ __________________________ 1[TABLE S. No. Engine capacity Rate of Tax (1) (2) (3 ) 1. Upto 850 cc 0.5% of the value 2. 851cc to 1000cc 1% of the value 3. 1001cc to 1300cc 1.5% of the value 4. 1301cc to 1600cc 2% of the value 5. 1601cc to 1800cc 3% of the value 6. 1801cc to 2000cc 5% of the value 7. 2001cc to 2500cc 7% of the value 8. 2501cc to 3000cc 9% of the value 9. Above 3000cc 12% of the value:] Provided that the value for the purpose of 2[ ] of the above Table shall be in case of motor vehicle – (i) imported in Pakistan, the import value assessed by the Customs authorities as increased by customs duty, federal excise duty and sales tax payable at import stage; (ii) manufactured or assembled locally in Pakistan, the invoice value inclusive of all duties and taxes; or (iii) auctioned, the auction value inclusive of all duties and taxes: Provided further that in cases where engine capacity is not applicable and the value of vehicle is Rupees five million or more, the rate of tax collectible shall be 3% of the import value as increased by customs duty, sales tax and federal excise duty in case of imported vehicles or invoice value in case of locally manufactured or assembled vehicles.] by customs duty, sales tax and federal excise duty in case of imported vehicles or invoice value in case of locally manufactured or assembled vehicles.] 1 Table substituted by the Finance Act 2024. The substituted Table read as follows: “[TABLE S. No. Engine capacity Tax (1) (2) (3) 1. Upto 850 cc Rs.10,000 2. 851cc to 1000cc Rs.20,000 3. 1001cc to 1300cc Rs.25,000 4. 1301cc to 1600cc Rs.50,000 5. 1601cc to 1800cc Rs.150,000 6. 1801cc to 2000cc Rs.200,000 Rate of Tax 7. 2001cc to 2500cc 6% of the value 8. 2501cc to 3000cc 8% of the value 9. Above 3000cc 10% of the value: ]” 2 Expression “S. Nos. 7 to 9” omitted by the Finance Act 2024. 541 First Schedule – Part IV_____ __________________________ 1[(2) The rate of tax under sub-sections (2) of section 231B shall be as follows:– S. No. Engine capacity Tax (1) (2) (3) 1. upto 850cc - 2. 851cc to 1000cc 5,000 3. 1001cc to 1300cc 7,500 4. 1301cc to 1600cc 12,500 5. 1601cc to 1800cc 18,750 6. 1801cc to 2000cc 25,000 7. 2001cc to 2500cc 37,500 8. 2501cc to 3000cc 50,000 9. Above 3000cc 62,500] 2[Provided that in cases where engine capacity is not applicable and the value of vehicle is Rupees five million or more, the rate of tax collectible shall be Rupees twenty thousand: Provided further that the rate of tax to be collected under this clause shall be reduced by ten percent each year from the date of first registration in Pakistan.] 3[(3) The rate of tax under sub-section (2A) of section 231B shall be as follows:— 4[TABLE 1 Clause (2) substituted through Finance Act, 2019. Substituted clause read as follows: S. No. Engine capacity For filers Tax for non-filer (1) (2) (3) (4) 1. upto 850cc - 5000 2. 851cc to 1000cc 5,000 15,000 3. 1001cc to 1300cc 7,500 25,000 4. 1301cc to 1600cc 12,500 65,000 5. 1601cc to 1800cc 18,750 100,000 6. 1801cc to 2000cc 25,000 135,000 7. 2001cc to 2500cc 37,500 200,000 8. 2501cc to 3000cc 50,000 270,000 9. Above 3000cc 62,500 300,000 2 Proviso substituted by the Finance Act, 2022. Substituted proviso read as follows: “Provided that the rate of tax to be collected shall be reduced by 10% each year from the date of first registration in Pakistan.” 3 Clause (3) added by the Finance Act, 2021. Earlier this addition was made through Tax Laws (Amendment) Ordinance, 2021. 4 TABLE substituted by the Finance (Supplementary) Act, 2022. Substituted TABLE read as follows: “TABLE S. No. Engine capacity Tax (1) (2) (3) 1. Up to 1000cc Rs. 50,000 2. 1001cc to 2000cc Rs.100,000 542 First Schedule – Part IV_____ __________________________ S. No. Engine capacity Tax (1) (2) (3) 1. Up to 1000cc Rs. 100,000 2. 1001cc to 2000cc Rs.200,000 3. 2001cc and above Rs.400,000] 1[Division VIII Advance tax at the time of sale by auction The rate of collection of tax under section 236A shall be 2[10]% of the gross sale price of any property or goods sold by auction 3[ ] 4[: Provided that in case of immovable property sold by auction 5[and sale by auction of train management services by Pakistan Railways], the rate of collection of tax under this section shall be 5% of the gross sale price.] 6[ ] 7[ ] 8[ ] 9[ ] 10[Division X 3. 2001cc and above Rs.200,000” 1 Added by the Finance Act, 2009. 2 The figure “5” substituted by the Finance Act, 2013. 3 The words “for filers and 15% of the gross sale price of any property or goods sold by auction for non-filers” omitted through Finance Act, 2019. 4 Proviso added through Finance Act, 2020. 5 Words inserted by the Finance Act, 2023. 6 Added by the Finance Act, 2010. 7 Division IX omitted by the Finance Act, 2021. The omitted Division read as follows: “Division IX Advance tax on Purchase of Air Ticket The rate of tax to be deducted under section 236B shall be 5% of the gross amount of air ticket.” 8 Division X added by the Finance Act, 2012. 9 Division X substituted by the Finance Act 2024. The substituted Division read as follows: “[Division X Advance tax on sale or transfer of Immovable property The rate of tax to be collected under section 236C shall be 9[ ] 9[ ] 9[3%] of the gross amount of the consideration received 9[ ] ]” 10 Division X substituted by the Finance Act 2024. The substituted Division read as follows: . “Division X 543 First Schedule – Part IV_____ __________________________ Advance tax on sale or transfer of immovable property The rate of tax to be collected under section 236C shall be as set out in the following table: – TABLE S. No. Amount Tax Rate (1) (2) (3) 1 Where the gross amount of the consideration 4.5% received does not exceed Rs. 50 million 2 Where the gross amount of the consideration 5% received exceeds Rs. 50 million but does not exceed Rs 100 million 3 Where the gross amount of the consideration 5.5%] received exceeds Rs. 100 million 1[Division XA Advance Tax on TV plays and advertisements The rate of tax to be collected under section 236CA shall be, — 2[S. No Description Rate of Tax (1) (2) (3) Advance tax on sale or transfer of immovable property The rate of tax to be collected under section 236C shall be as set out in the following table: – S. No. Amount Tax Rate (1) (2) (3) 1 Where the gross amount of the consideration received does 3% not exceed Rs. 50 million 2 Where the gross amount of the consideration received 3.5% exceeds Rs. 50 million but does not exceed Rs 100 million 3 Where the gross amount of the consideration received 4%] exceeds Rs. 100 million ” 1 Division XA inserted by the Finance (Supplementary) Act, 2022. 2 TABLE substituted by the Finance Act, 2022. The substituted TABLE read as follows: [S.No Description Rate of Tax (1) (2) (3) 1. Foreign-produced TV drama serial or play Rs.1,000,000 per episode 2. Foreign-produced TV play (single episode) Rs.3,000,000 3. Advertisement starring foreign actor Rs.100,000 per second.] 544 First Schedule – Part IV_____ __________________________ 1. Foreign-produced TV drama serial or play Rs.1,000,000 per episode 2. Foreign-produced TV play (single episode) Rs.3,000,000 3. Advertisement starring foreign actor R s . 1 00,000 per second.] 1[Division XI Advance tax on functions and gatherings The rate of tax to be collected under section 236CB shall be 10%.] 2[ ] 3[ ] 1 Division XI added by the Finance (Supplementary) Act, 2023 (X of 2023) dated 23.02.2023. 2 30th Division XI omitted through Finance Act, 2020 dated June, 2020 the omitted Division read as follows: “Division XI Advance tax on functions and gatherings The rate of tax to be collected under each sub-sections (1) and (2) of section 236D shall be 2[5] %]2[;] 2[Provided that the rate for the function of marriage in a marriage hall, marquee, hotel, restaurant, commercial lawn, club, a community place or any other place used for such purpose shall be as set out in the Table below:─ TABLE S.No. Rate of tax (1) (2) (3) 1. 5% of the bill ad valorem or Rs. For Islamabad, Lahore, Multan,Faisalabad, 20,000 per function, whichever is Rawalpindi, Gujranwala, Bahawalpur, Sargodha, higher Sahiwal, Shekhurpura, Dera Ghazi Khan, Karachi, Hyderabad, Sukkur, Thatta, Larkana, Mirpur Khas, Nawabshah, Peshawar, Mardan, Abbottabad, Kohat, Dera Ismail Khan, Quetta, Sibi, Loralai, Khuzdar, Dera Murad Jamali and Turbat. 2. 5% of the bill ad valorem or Rs. For cities other than those mentioned above. 10,000 per function, whichever is higher 2[Provided further that the rate for the function of marriage in a marriage hall, marquee or a community place with the total function area less than 500 square yards or, in case of a multi storied premises, with the largest total function area on one floor less than 500 square yards, shall be 5% of the bill ad valorem or Rs. 5.000 per function whichever is higher.” 3 Division XII omitted by the Finance Act, 2016. Omitted Division read as follows:- 3[Division XII Advance tax on foreign-produced films and TV plays Rate of collection of tax under section 236E shall be as follows: — (a) Foreign-produced TV drama Rs.100,000 per episode Serial (b) Foreign-produced TV play Rs. 100,000] (single episode) 545 First Schedule – Part IV_____ __________________________ 1[ ] 2[Division XIV Advance tax on sale to distributors, dealers or wholesalers. The rate of collection of tax under section 236G shall be as set out in the following table namely:- TABLE 1 30th Division XIII omitted through Finance Act, 2020 dated June, 2020 the omitted Division is read as follows: “Division XIII (1) The rate of tax to be collected under section 236F in the case of Cable Television Operator shall be as follows:— License Category as provided in Tax on License Fee Tax on Renewal PEMRA Rules H Rs. 7,500 Rs. 10,000 H-I Rs. 10,000 Rs. 15,000 H-II Rs. 25,000 Rs. 30,000 R Rs. 5,000 Rs. 1[12,000] B Rs. 5,000 Rs. 40,000 B-1 Rs. 30,000 Rs. 1[35,000] B-2 Rs. 40,000 Rs. 1[45,000] B-3 Rs. 50,000 Rs. 75,000 B-4 Rs. 75,000 Rs. 100,000 B-5 Rs. 87,500 Rs. 150,000 B-6 Rs. 175,000 Rs. 200,000 B-7 Rs. 262,500 Rs. 300,000 B-8 Rs. 437,500 Rs. 500,000 B-9 Rs. 700,000 Rs. 800,000 B-10 Rs. 875,500 Rs. 900,000 (2) The rate of tax to be collected by Pakistan Electronic Media Regulatory Authority under section 236F in the case of IPTV, FM Radio, MMDS, Mobile TV, Mobile Audio, Satellite TV Channel and Landing Rights, shall be 20 per cent of the permission fee or renewal fee, as the case may be.] 1[“(3) In addition to tax collected under paragraph (2) Pakistan Electronic Media Regulatory Authority shall collect tax at the rate of fifty per cent of the permission fee or renewal fee, as the case may be, from every TV Channel on which foreign TV drama serial or a play in any language, other than English, is screened or viewed.” 2[ Division XIV substituted through finance Act, 2019. Substituted Division read as follows:- Division XIV Advance tax on sale to distributors, dealers or wholesalers. The rate of collection of tax under section 236G shall be as follows:- Category of Sale Rate of Tax Filer Non-filer Fertilizers 0.7% 1.4% Other than Fertilizers 0.1% 0.2% 546 First Schedule – Part IV_____ __________________________ S.No. Category of Sale Rate of Tax (1) (2) (3) 1. Fertilizers 0.7% 2. Other than Fertilizers 0.1%] 1[Provided that the rate of advance tax on sale to distributors, dealers or wholesalers of fertilizer shall be 0.25%, if they are already appearing on both the Active Taxpayers’ Lists issued under the provisions of the Sales Tax Act, 1990 and the Income Tax Ordinance, 2001 (XLIX of 2001).] 2[ 3[ ] ] 4[DIVISION XV Advance tax on sale to retailers The rate of collection of tax under section 236H on the gross amount of sales shall be 0.5%.] 5[ ] 1 Proviso added by the Finance Act, 2021. Earlier this addition was made through Tax Laws (Amendment) Ordinance, 2021. 2 Added by the Finance Act, 2013. 3 Division XV substituted through Finance Act, 2019. Substituted Division read as follows:- [Category of sale Rate of tax Filer Non-filer (1) (2) (3) Electronics 1% 1%] Others 0.5% 4 Division XV substituted by the Finance Act, 2021. The substituted Division read as follows: Division XV Advance tax on sale to retailers 4[The rate of collection of tax under section 236H on the gross amount of sales shall be as set out in the following table namely:- TABLE S.No Category of sale Rate of tax (1) (2) (3) 1. Electronics 1% 2. Others 0.5%] ] 5 Inserted by the Finance Act, 2018 547 First Schedule – Part IV_____ __________________________ 1[ ] 2[ ] 3[ ] 4[ ] 5[ ] 6[ ] 1 Divisions XVA, omitted by the Finance Act, 2021. The Divisions read as follows: Division XVA Advance tax on sale of certain petroleum products The rate of collection of tax under section 236HA shall be 0.5% of ex-depot sale price 1[ ]. ] 2 Added by the Finance Act, 2013. 3 Division XVI omitted by the Finance Act, 2022. The omitted Division read as follows: “Division XVI Collection of advance tax by educational institutions The rate of collection of tax under section 236I shall be 5% of the amount of fee.” 4 Added by the Finance Act, 2013. 5 Division XVII omitted through Finance Act, 2020 dated 30th June, 2020 the omitted Division read as follows: “Division XVII Advance tax on dealers, commission agents and arhatis, etc. The amount of collection of tax under section 236J shall be as set out in the following table:— TABLE Group Amount of tax (per annum) Group or Class A: Rs. 100,000 Group or Class B: Rs. 75,000 Group or Class C: Rs. 50,000 Any other category: Rs. 50,000” 6 Division XVIII substituted through Finance Act, 2019.Substituted Division read as follows: Division XVIII Advance tax on purchase of immovable property The rate of tax to be collected under section 236K shall be 1% of the fair market value.”; S. No. Period Rate of Tax (1) (2) (3) Where value of Immovable property is up to 6[“4 0% 1. million”]. 2. Filer 6[2]% 548 First Schedule – Part IV_____ __________________________ 1[Division XVIII Advance tax on purchase of immovable property The rate of tax to be collected under section 236K shall be as set out in the following table: – 2[ TABLE S. No. Amount Tax Rate (1) (2) (3) 1 Where the fair market value does not exceed 1.5% Rs. 50 million 2 Where the fair market value exceeds Rs. 50 2% million but does not exceed Rs 100 million 3 Where the fair market value exceeds Rs. 100 2.5%] million 3[ ] Where the value of Immovable property is more than Non-Filer 6[4]% 6[“4 million”]. Provided that the rate of tax for Non-Filter shall be 1% upto the date appointed by the Board through notification in official gazette 6[ * ]. 1 Division XVIII substituted by the Finance Act 2024. The substituted Division read as follows: “[Division XVIII Advance tax on purchase of immovable property The rate of tax to be collected under section 236K shall be 1[ ] 1[3%] of the fair market value. ]” 2 Table substituted by the Finance Act 2025. The substituted Table read as follows: “ S. No. Amount Tax Rate (1) (2) (3) 1 Where the fair market value does not exceed Rs. 50 million 3% 2 Where the fair market value exceeds Rs. 50 million but does 3.5% not exceed Rs 100 million 3 Where the fair market value exceeds Rs. 100 million 4%” 3 Added by the Finance Act, 2015. 549 First Schedule – Part IV_____ __________________________ 1[ ] 2[ ] 3[:]”] 4[ ] 5[ ] 6[ * ] 7[ ** ] 8[ *** ] 9[ **** ] 10[ ***** ] 1 Inserted by the Presidential Order NoF.2(1)/2015-Pub dated 11.07.2015. 2 The proviso omitted by the Finance Act 2018, the omitted provisos reads as follows:- “Provided that the rate specified in this Division 2[for the period it deems appropriate] shall be 0.3 per cent for the period commencing from the 11th day of July, 2015 and ending on the 30th day of September, 2015 (both days inclusive) or till the date as the 2[Board with the approval of Federal Minister-in-charge] may, by notification in the official Gazette on recommendation of the Economic Coordination Committee of the Cabinet, extend 3 Substituted by the National Assembly Secretariat’s O.M. No F.22(30)/2015-Legis dated 29.01.2016. 4 Inserted by the National Assembly Secretariat O.M. No F.22(30)/2015-Legis dated 29.01.2016. 5 The proviso omitted by the Finance Act 2018,the omitted provisos reads as follows:- “Provided that the 5[Board with the approval of Federal Minister-in-charge] may, by notification in the official Gazette and on recommendation of the Economic Coordination Committee of the Cabinet, amend the rate specified in this Division.” 6 Inserted by the S.R.O. 964(I)/2015 dated 30.09.2015. “ *Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, on the recommendation of the Economic Coordination Committee of the Cabinet, is pleased to extend the time period for applicability of 0.3 per cent reduced rate under Division XXI of Part IV of the First Schedule read with section 236P of the said Ordinance, to thirty first day of October, 2015.”] 7 Inserted by the S.R.O.1056(I)/2015 dated 30.10.2015. “ **Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to extend the time period for applicability of 0.3 percent reduced rate under Division XXI of Part IV of the First Schedule read with section 236P of the said Ordinance, to seventh day of November, 2015.”] 8 Inserted by the S.R.O.1092(I)/2015 dated 09.11.2015. “ ***Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to extendthe time period for applicability of 0.3 percent reduced rate under Division XXI of Part IV of the First Schedule read with section 236P of the said Ordinance, from 8th day of November, 2015 to 15th day of November, 2015.”] 9 Inserted by the S.R.O.1135(I)/2015 dated 14.11.2015. “ *****Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.1092(I)/2015, dated the 9th November, 2015 the following amendment shall be made, namely:- In the aforesaid Notification, for the figure “15th” the figure “30th” shall be substituted.”] 10 Inserted by the S.R.O.1182(I)/2015 dated 01.12.2015. “ ******Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.1092(I)/2015, dated the 9th November, 2015 the following amendment shall be made, namely:- 550 First Schedule – Part IV_____ __________________________ 1[ ****** ] 2[ ******* ] 3[ ******** ] 4[ ********* ] 5[ # ] 6[ ## ] In the aforesaid Notification, for the expression “from 8th day of November, 2015 to 15th day of November, 2015” the expression “from the 1st day of December, 2015 to the 31st day of December, 2015” shall be substituted.”] 1 Inserted by the S.R.O.1329(I)/2015 dated 31.12.2015. “ ******Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.1092(I)/2015, dated the 9th November, 2015 the following amendment shall be made, namely:- In the aforesaid Notification, for the expression “from 8th day of November, 2015 to 15th day of November, 2015” the expression “from the 1st day of January, 2016 to 31st day of January, 2016” shall be substituted.”] 2 Inserted by the S.R.O.72(I)/2016 dated 01.02.2016. “ *******Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to amend the rate specified under Division XXI of Part IV of the First Schedule to 0.3% w.e.f. first day of February, 2016 to twenty ninth day of February, 2016.”] 3 Inserted by the S.R.O.169(I)/2016 dated 29.02.2016. [“ ********Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to amend the rate specified under Division XXI of Part IV of the First Schedule to 0.4% w.e.f. first day of March, 2016 to fifteenth day of March, 2016.”] 4 Inserted by the S.R.O.216(I)/2016 dated 15.03.2016. [“ ********Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.169(I)/2016 dated the 29th February, 2016 the following amendments shall be made, namely:- In the aforesaid Notification, for the words “first day of March, of 2016 to fifteenth day of March, 2016” the words “sixteenth day of March, 2016 to thirty first day of March 2016” shall be substituted.”] 5 Inserted by the S.R.O.286(I)/2016 dated 01.04.2016. [“ # Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.216(I)/2016 dated 15th March, 2016, the following amendments shall be made, namely:- In the aforesaid Notification, for the words “sixteenth day of March, 2016 to thirty first day of March 2016” the words “first day of April, 2016 to thirtieth day of April, 2016” shall be substituted.”] 6 Inserted by the S.R.O.370(I)/2016 dated 30.04.2016. [“ ## Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.286(I)/2016 dated 1st April, 2016, the following amendments shall be made, namely:- In the aforesaid Notification, for the words “first day of April, 2016 to thirtieth day of April, 2016”, the words “first day of May, 2016 to thirty first day of May, 2016” shall be substituted.”] 551 First Schedule – Part IV_____ __________________________ 1[ ### ] 2[ #### ] 3[ ##### ] 4[ ###### ] 5[ % ] 6[ %% ] 7[ %%% ] 1 Inserted by the S.R.O.472(I)/2016 dated 31.05.2016. [“ ### Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.370(I)/2016 dated 30th April, 2016, the following amendments shall be made, namely:- In the aforesaid Notification, for the words “first day of May, 2016 to thirty first day of May, 2016”, the words “first day of June, 2016 to thirtieth day of June, 2016” shall be substituted.”] 2 Inserted by the S.R.O.494(I)/2016 dated 30.06.2016. [“ #### Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.472(I)/2016 dated 31st May, 2016, the following amendments shall be made, namely:- In the aforesaid Notification, for the words “first day of June, 2016 to thirtieth day of June, 2016”, the words “first day of July, 2016 to thirty first day of July, 2016” shall be substituted.”] 3 Inserted by the S.R.O.720(I)/2016 dated 01.08.2016. [“ ##### Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.494(I)/2016 dated 30th June, 2016, the following amendments shall be made, namely:- In the aforesaid Notification, for the words “first day of July, 2016 to thirty first day of July, 2016”, the words “first day of August, 2016 to thirty first day of August, 2016” shall be substituted.”] 4 Inserted by the S.R.O.811(I)/2016 dated 31.08.2016. [“ ###### Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.720(I)/2016 dated 1st August, 2016, the following amendments shall be made, namely:- In the aforesaid Notification, for the words “first day of August, 2016 to thirty first day of August, 2016”, the words “first day of September, 2016 to thirty first day of December, 2016” shall be substituted.”] 5 Inserted by the S.R.O.37(I)/2017 dated 23.01.2017. [“ % Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.811(I)/2016 dated 31st August, 2016, the following amendments shall be made, namely:- In the aforesaid Notification, for the words “first day of September, 2016 to thirty first day of December, 2016”, the words “first day of January, 2017 to thirty first day of March, 2017” shall be substituted.”] 6 Inserted by the S.R.O.289(I)/2017 dated 27.04.2017. [“ %% Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Government, is pleased to direct that in its Notification No.S.R.O.37(I)/2017 dated 23rd April, 2017, the following amendments shall be made, namely:- In the aforesaid Notification, for the words “first day of January, 2017 to thirty first day of March, 2017”, the words “first day of April, 2017 to thirtieth day of June, 2017” shall be substituted.”] 7 Inserted by the S.R.O.602(I)/2017 dated 03.07.2017. [“ %%% Notification 552 First Schedule – Part IV_____ __________________________ 1[ %%%% ] 2[ %%% %%] 3[ ] 4[ ] In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Board with approval of Federal Minister-in-charge is pleased to direct that in its Notification No.S.R.O.289(I)/2017 dated 27th April, 2017, the following amendments shall be made, namely:- In the aforesaid Notification, for the words “first day of April, 2017 to thirtieth day of June, 2017”, the words “first day of July, 2017 to thirtieth day of September, 2017” shall be substituted.”] 1 Inserted by the S.R.O.983(I)/2017 dated 29.09.2017. [“ %%% %Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Board with approval of Federal Minister-in-charge is pleased to direct that in its Notification No.S.R.O.602(I)/2017 dated 29th September, 2017, the following amendments shall be made, namely:- In the aforesaid Notification, for the words “first day of July, 2017 to thirtieth day of September, 2017”, the words “first day of October, 2017 to thirty first day of December, 2017” shall be substituted.”] 2 Inserted by the S.R.O.1330(I)/2017 dated 30.12.2017. [“ %%%%% Notification In exercise of the powers conferred by proviso under Division XXI of Part IV of the First Schedule to the Income Tax Ordinance, 2001 (XLIX of 2001), the Board with approval of Federal Minister-in-charge is pleased to direct that in its Notification No.S.R.O.983(I)/2017 dated 29th September, 2017, the following amendments shall be made, namely:- In the aforesaid Notification, for the words “first day of October, 2017 to thirty first day of December, 2017”, the words “first day of January, 2018 to thirtieth day of June, 2018” shall be substituted.”] 3 Divisions XIX, XX, XXI, XXVI and XXVII omitted by the Finance Act, 2021. The Divisions read as follows: Division XIX Advance tax on Domestic Electricity Consumption The rate of tax to be collected under section 235A shall be--- (i) 7.5% if the amount of monthly bill is Rs. 3[“75,000”] or more; and (ii) 0% the amount of monthly bill is less than Rs. 3[75,000]. Division XX Advance tax on international air ticket The rate of tax to be collected under section 236L shall be:- 3[“S. No. Type of Ticket Rate (1) (2) (3) 1. First/Executive Class Rs. 16,000 per person 2. Others excluding Economy Rs. 12,000 per person 3. Economy 0”] Division XXI Advance Tax on Banking Transactions Otherwise Than Through Cash The rate of tax to be collected under section 236P shall be 3[ ] 3[0.6]% of the transaction for 3[the person whose name is not appearing in the active taxpayers’ list]. 4Division XXII omitted by the Finance Act, 2016. Omitted Division read as follows:- “Division XXII Rate of Collection of Tax by Pakistan Mercantile Exchange Limited The rate of tax to be collected under section 236T shall be as follows:– in case of sale or purchase of future commodity contract as per clause (a) and (b) of sub- section (1) of section 236T shall be 0.05%.” 553 First Schedule – Part IV_____ __________________________ 1[ ] 2[ ] 3[ ] 4[ ] 5[ ] 6[DIVISION XXVII Advance tax on amount remitted abroad through credit, debit or prepaid cards The rate of tax to be deducted under section 236Y shall be 7[5%] of the gross amount remitted abroad.] 1 Division XXIII omitted by the Finance Act, 2022. The omitted Division read as follows: “DIVISION XXIII Payment to a resident person for right to use machinery and equipment Rate of collection of tax under section 236Q shall be 10 percent of the amount of payment.” 2 30th Division XXIV omitted through Finance Act, 2020 dated June, 2020 the omitted Division read as follows: “DIVISION XXIV Collection of advance tax on education related expenses remitted abroad Rate of collection of tax under section 236R shall be 5percent of the amount of total education related expenses.” 3 30th Division XXV omitted through Finance Act, 2020 dated June, 2020 the omitted Division read as follows: “Division XXV ADVANCE TAX ON INSURANCE PREMIUM The rate of tax to be collected from 3[persons who are not appearing in the active taxpayers’ list] under section 236U shall be as under:- S.No. Type of Premium Rate (1) (2) (3) 1. General insurance premium 4% Life insurance premium if 3[exceeding Rs 0.3 2. 1% million in aggregate] per annum 3. Others 0%” 4 Inserted by the Finance Act, 2016. 5 Divisions XXVI and XXVII omitted by the Finance Act, 2021. The Divisions read as follows: Division XXVI ADVANCE TAX ON EXTRACTION OF MINERALS The rate of tax to be collected under section 236V shall be 5% of the value of the minerals 5[ ].] Division XXVII Advance tax on amount remitted abroad through credit, debit or prepaid cards The rate of tax to be deducted under section 236Y shall be 1% of the gross amount remitted abroad 5[ ].] 6 Inserted by the Finance Act, 2022. 7 The expression “1%” substituted by the Finance Act, 2023. 554 Second Schedule – Part-I_____ __________________________

Effective date: 2001-09-13

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