Super Tax on high earning persons

Super Tax on high earning persons (Section 4C, First Schedule, Part-I, Division-IIA)

Super Tax on high earning persons
S#Taxable IncomeRate of Tax
1Where income does not exceed Rs.150 million0% of the Income
2Where income exceeds Rs. 150 million but does not exceed Rs. 200 million1% of the Income
3Where income exceeds Rs. 200 million but does not exceed Rs. 250 million2% of the Income
4Where income exceeds Rs. 250 million but does not exceed Rs. 300 million3% of the Income
5Where income exceeds Rs. 250 million but does not exceed Rs. 300 million4% of the Income
6Where the income exceeds Rs. 300 million: 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 textilesIn case of banking companies  10% of the Income for Tax Year 2022
10% of the Income for Tax Year 2023
Super Tax on high earning persons (Section 4C, First Schedule, Part-I, Division-IIA),FBR New rates for Fy-2024.If you need Consultancy on Super Tax feel free to contcat Us.

Leave a Reply

Your email address will not be published. Required fields are marked *

× How can I help you?