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    Tak Card 2025

    Uploaded by

    Ashraf Qamar
    Pakistan Tax Card 2024-2025

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Tak Card 2025

    Uploaded by

    Ashraf Qamar
    13 views1 page
    Pakistan Tax Card 2024-2025

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

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    Pakistan Tax Card 2024-2025

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    13 views1 page

    Tak Card 2025

    Uploaded by

    Ashraf Qamar
    Pakistan Tax Card 2024-2025

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Tax Handbook 2024

    Income Tax Ordinance, 2001

    Time Limitation of Appeal (Section 239, 131, 133)

    The Finance Act, 2024 clarifies that the time limitation for filing of appeals, i.e., 60 days for appeals to
    be filed in the Appellate Tribunal and 90 days for references to be filed in the High Court, shall
    continue to apply where any decision of the Commissioner (Appeals) or the Appellate Tribunal is
    received prior to the date of commencement of the Tax Laws (Amendment) Act, 2024.

    The First Schedule


    Rate of Tax for Salaried Individuals (Division I, Part I of the First Schedule)
    The Finance Act, 2024 has enhanced the tax rates for salaried individuals as per table given below:

    Income Brackets Rates


    Taxable income not exceeding Rs. 600,000 0%
    Taxable income exceeding Rs. 600,000 but not
    5% of the amount exceeding Rs. 600,000
    exceeding Rs. 1,200,000
    Taxable income exceeding Rs. 1,200,000 but not Rs. 30,000 + 15% of the amount exceeding
    exceeding Rs. 2,200,000 Rs. 1,200,000
    Taxable i n c o m e e x c e e d i n g R s . 2,200,000 b u t Rs. 180,000 + 25% of the amount exceeding
    n o t exceeding Rs. 3,200,000 Rs. 2,200,000
    Taxable income exceeding Rs. 3,200,000 but not Rs. 430,000+ 30% of the amount exceeding
    exceeding Rs. 4,100,000 Rs. 3,200,000
    Rs. 700,000 + 35% of the amount exceeding
    Taxable income exceeding Rs. 4,100,000 Rs. 4,100,000

    Previous Tax Liability Vis-à-vis New Tax Liability on Salary Income

    Tax Amount (Rs.) Tax Amount (Rs.)


    Annual Salary (Rs.) Difference (Rs.)
    Tax Year 2024 Tax Year 2025
    600,000 - - -
    1,200,000 15,000 30,000 15,000
    1,800,000 90,000 120,000 30,000
    2,200,000 140,000 180,000 40,000
    2,400,000 165,000 230,000 65,000
    2,800,000 255,000 330,000 75,000
    3,200,000 345,000 430,000 85,000
    3,600,000 435,000 550,000 115,000
    3,800,000 490,000 610,000 120,000
    4,100,000 572,500 700,000 127,500
    4,800,000 765,000 945,000 180,000
    5,000,000 820,000 1,015,000 195,000
    6,000,000 1,095,000 1,365,000 270,000
    7,000,000 1,445,000 1,715,000 270,000
    8,000,000 1,795,000 2,065,000 270,000
    9,000,000 2,145,000 2,415,000 270,000
    10,000,000 2,495,000 2,765,000 270,000
    9 | Page

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