12/30/2014

IncomeTaxRateChartforAY201516/FY201415

Home
I.Tax
BUDGET
SubmitArticles
ITR
S.Tax
Excise
C.Law
Judiciary
Deductions
GST
Partnership
CACSCMA
Empanelment
Downloads
Jul
11
2014

IncomeTaxRateChartforAY201516/FY201415
PostedInIncomeTax|Articles,Featured,Popular|42Comments
CASandeepKanoi
Individual,

Hindu undivided family, association of

persons,bodyofindividuals,artificialjuridicalperson.
(i) The rates of incometax as applicable for Assessment
Year 201516 in the case of every individual below the
Age of Sixty Years or Hindu undivided family or every
association of persons or body of individuals, whether
incorporatedornot,orartificialjuridicalperson

IncomeSlabs
Wherethetotalincomedoesnot
i. exceedRs.2,50,000/.

TaxRates
NIL

WherethetotalincomeexceedsRs.
10%ofamountbywhichthetotal
ii. 2,50,000/butdoesnotexceedRs.
incomeexceedsRs.2,50,000/
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

1/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

5,00,000/.
WherethetotalincomeexceedsRs. Rs.25,000/+20%oftheamountby
iii. 5,00,000/butdoesnotexceedRs. whichthetotalincomeexceedsRs.
10,00,000/.
5,00,000/.
Rs.1,25,000/+30%oftheamountby
WherethetotalincomeexceedsRs.
iv.
whichthetotalincomeexceedsRs.
10,00,000/.
10,00,000/.
(ii)Inthecaseofeveryindividual,beingaresidentinIndia,whoisoftheageofsixtyyearsormorebut
lessthaneightyyearsatanytimeduringthepreviousyear,
IncomeSlabs
Wherethetotalincomedoesnot
i.
exceedRs.3,00,000/.
WherethetotalincomeexceedsRs.
ii. 3,00,000/butdoesnotexceedRs.
5,00,000/
WherethetotalincomeexceedsRs.
iii. 5,00,000/butdoesnotexceedRs.
10,00,000/

TaxRates
NIL
10%oftheamountbywhichthetotal
incomeexceedsRs.3,00,000/

Rs.20,000/+20%oftheamountby
whichthetotalincomeexceedsRs.
5,00,000/.
Rs.120,000/+30%oftheamountby
WherethetotalincomeexceedsRs.
iv.
whichthetotalincomeexceedsRs.
10,00,000/
10,00,000/.
(iii)inthecaseofeveryindividual,beingaresidentinIndia,whoisoftheageofeightyyearsormoreat
anytimeduringthepreviousyear,
IncomeSlabs
TaxRates
Wherethetotalincomedoesnot
i.
NIL
exceedRs.5,00,000/.
WherethetotalincomeexceedsRs.
20%oftheamountbywhichthetotal
ii. 5,00,000/butdoesnotexceedRs.
incomeexceedsRs.5,00,000/.
10,00,000/
Rs.100,000/+30%oftheamountby
WherethetotalincomeexceedsRs.
iii.
whichthetotalincomeexceedsRs.
10,00,000/
10,00,000/.
The amount of incometax computed in accordance with the preceding provisions of this Paragraph shall be
increasedbyasurchargeattherateoftenpercentofsuchincometaxincaseofapersonhavingatotal
incomeexceedingonecrorerupees.
However, the total amount payable as incometax and surcharge on totalincome exceeding one crore rupees
shallnotexceedthetotalamountpayableasincometaxonatotalincomeofonecrorerupeesbymorethanthe
amountofincomethatexceedsonecrorerupees.
CooperativeSocieties

Inthecaseofcooperativesocieties,theratesofincometaxhavebeenspecifiedinParagraphBofPartIIIof
theFirstScheduletotheBill.Theserateswillcontinuetobethesameasthosespecifiedforfinancialyear2013
14.
Theamountofincometaxshallbeincreasedbyasurchargeattherateoftenpercent.ofsuchincometaxin
caseofaco
operativesocietyhavingatotalincomeexceedingonecrorerupees.
However, the total amount payable as incometax and surcharge on totalincome exceeding one crore rupees
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

2/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

shallnotexceedthetotalamountpayableasincometaxonatotalincomeofonecrorerupeesbymorethanthe
amountofincomethatexceedsonecrorerupees.
Firms
Inthecaseoffirms,therateofincometaxhasbeenspecifiedinParagraphCofPartIIIoftheFirstScheduleto
theBill.Thisratewillcontinuetobethesameasthatspecifiedforfinancialyear20132014.
Theamountofincometaxshallbeincreasedbyasurchargeattherateoftenpercent.ofsuchincometaxin
caseofafirmhavingatotalincomeexceedingonecrorerupees.
However, the total amount payable as incometax and surcharge on totalincome exceeding one crore rupees
shallnotexceedthetotalamountpayableasincometaxonatotalincomeofonecrorerupeesbymorethanthe
amountofincomethatexceedsonecrorerupees.
Localauthorities
TherateofincometaxinthecaseofeverylocalauthorityisspecifiedinParagraphDofPartIIIoftheFirst
ScheduletotheBill.Thisratewillcontinuetobethesameasthatspecifiedforthefinancialyear20132014.
Theamountofincometaxshallbeincreasedbyasurchargeattherateoftenpercent.ofsuchincometaxin
caseofalocalauthorityhavingatotalincomeexceedingonecrorerupees.
However, the total amount payable as incometax and surcharge on totalincome exceeding one crore rupees
shallnotexceedthetotalamountpayableasincometaxonatotalincomeofonecrorerupeesbymorethanthe
amountofincomethatexceedsonecrorerupees.
Companies
TheratesofincometaxinthecaseofcompaniesarespecifiedinParagraphEofPartIIIoftheFirstScheduleto
theBill.Theseratesarethesameasthosespecifiedforthefinancialyear20132014.
Theexistingsurchargeoffivepercentincaseofadomesticcompanyshallcontinuetobeleviedifthetotal
incomeofthedomesticcompanyexceedsonecrorerupeesbutdoesnotexceedtencrorerupees.Thesurcharge
attherateoftenpercentshallcontinuetobeleviedifthetotalincomeofthedomesticcompanyexceedsten
crorerupees.Incaseofcompaniesotherthandomesticcompanies,theexistingsurchargeoftwopercent.shall
continuetobeleviedifthetotalincome exceeds one crore rupees but does not exceed ten crore rupees. The
surchargeattherateoffivepercentshallcontinuetobeleviedifthetotalincomeofthecompanyotherthan
domesticcompanyexceedstencrorerupees.
However,thetotalamountpayableasincometaxandsurchargeontotalincomeexceedingonecrorerupeesbut
notexceedingtencrorerupees,shallnotexceedthetotalamountpayableasincometaxonatotalincome of
onecrorerupees,bymorethantheamountofincomethatexceedsonecrorerupees.Thetotalamountpayable
as incometax and surcharge on total income exceeding ten crore rupees, shall not exceed the total amount
payableasincometaxandsurchargeonatotalincomeoftencrorerupees,bymorethantheamountofincome
thatexceedstencrorerupees.
Inothercases(includingsections115O,115QA,115Ror115TA)thesurchargeshallcontinuetobeleviedat
therateoftenpercent.
Forfinancialyear20142015,additionalsurchargecalledtheEducationCessonincometaxandSecondary
andHigherEducationCessonincometaxshallcontinuetobeleviedattherateoftwopercentandoneper
centrespectively,ontheamountoftaxcomputed,inclusiveofsurcharge(whereverapplicable),inallcases.No
marginalreliefshallbeavailableinrespectofsuchCess.
INCOMETAXRATES
INDIVIDUAL/HUF
Nil

UptoRs.250000Below60yearsUptoRs.
300000Above60yearsUptoRs500000Above
80Years

http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

3/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

10%+3%EC

Rs.250000toRs.500000

20%+3%EC
30%+3%EC

Rs.500000toRs.1000000
Above1000000

FIRMS/COMPANIES

Incometax/MAT
UptoRs.1
Crore

30%/18.5%

>Rs.1Crore
andupto
30%/18.5%
Rs.10Crore
>Rs.10
30%/18.5%
Crore

Surcharge

EduCess

10

Tags:Budget,Budget2014,incometaxrate,incometaxratechart,IncomeTaxRates,taxrate,taxratechanges

57.1K

80

43

Like

Google+

10

138

IncomeTaxratesforFY201314/
AY201415
02/28/2013

ClausestoFinanceBillofIncome
Tax,Excise,Custom&WealthTax
Act
03/01/2013

Ratesforcomputationofadvance
tax,deductionofincometaxat
sourcefromSalaries,andchargingof
incometaxincertaincasesduring
thefinancialyear200809
03/31/2009

IncomeTaxRatesFY201213/AY
201314forIndividual&HUF
10/12/2012

SalientFeaturesofFinance(No.2)
Bill,2014/Budget2014
08/08/2014

IncomeTaxratesforF.Y.201213
03/16/2012

42ResponsestoIncomeTaxRateChartforAY201516/FY201415
1. SSudarshanasays:
12/30/2014at10:37AM
MrHeadmaster,
Itisapplicabletoyou.Itisalsoapplicabletoallthosewhosetaxableincomeisupto5,10,000.
2. ANBRaosays:
12/29/2014at5:15PM
IwasworkingwithM/sETAGeneralPvtltd,atPondicherryfromJuly21012toFeb2014,atthe
ManufacturingPlant.Thefactory/plantisclosedduetobusinessreasonswef1/03/2014.
IwithdrewthePFamountofmycontributionandalsothecompanycontributionandreceivedRs.162676
on23/05/2014,throughonlinepaymentbyEmployeeprovidentfundorganisationintomybankaccount.
Pleaseclarifythefollowing:
1)whetherthisamountistaxableornot?IunderstandthatifIhavelostmyserviceduetofactoryclosure
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

4/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

isnontaxable(mycontribution+companycontribution+interest).ThePFisdespositedwithPF
commissioneratchennai,Tambaram.
2)Ifitisnottaxable,whetherIshouldshowitinmyincomefromothersources.Ifso,wheretoshowthe
deductions?
Pleaseclarifyandadvisemeaccording.Pleasealsogivethedetailsoftheruleapplicable.
3. muhammadshafiqsays:
11/26/2014at1:05PM
CompendiumofWithholdingofTaxes
underthe
IncomeTaxOrdinance,2001
&
RulesThereof
Preface
Taxadministratorsallovertheworldandparticularlyinthedevelopingcountrieslike
Pakistanfacemajorproblemsofnonreportingandunderreportingofincome.
GovernmenthasintroducedvariousliberalSelfAssessmentSchemeswiththeobjective
ofencouragingvoluntarycomplianceencompassingvirtuallyallthetaxpayersincluding
limitedcompaniesirrespectiveofincomelevelhowevertheobjectiveofbroadeningof
taxbasehasnotbeenachieved.
Thewithholdingandpresumptivetaxregimesarenotnew,howevergenerallytheseare
applicabletoonlythosepersonswhoseincomesarelikelytobedifficulttodetermine
accurately,easiertoevade,ormorelikelytocrossnationalboundaries.Thesewere
initiallyintroducedvideSection18(3BB)oftheIncomeTaxAct,1922inIndia,through
whichtaxwasimposedontradinginLiquor,TimberandotherForestProduce.
ThescopeoftheseprovisionswasfurtherextendedthroughIncomeTaxOrdinance,
1979andboththeRegimeshavecomeintofullforcemorespecificallyafteramendment
madethroughtheFinanceAct,1991onward.PriortoJuly1991,taxationon
presumptionwasrestrictedonlytothenonresidentsderivingreceiptsfromshipping,
airtransportbusinessandhavingfeefromtechnicalservices.ThethenFinanceMinister
inhisbudgetspeechstatedthatinordertosavethetaxpayersfromthecumbersome
assessmentprocedureanddelayinrefundthetaxwithheldfrompaymentstothe
contractors,suppliersandcommercialimporterswouldbefinal.Weallarefullyaware
ofthefactthatmajorquantumofthetotaltaxrevenueisbeingcollectedthrough
withholdingregime.
Conversely,inPakistan,withholdingtaxlawhasbeenmadeapplicabletoalmostallthe
categoriesoftaxpayersandnatureofpayment.Thedirecttaxeshavebeenweavedinto
thetextureofindirecttaxes.Furthermore,thewithholdingagents,whoarecollecting
taxesonGovernmentsbehalfwithoutanyremuneration,arebeingpunishedheavily
evenforaninadvertentmistakewhereasthesuperiorcourtsonnumerousoccasions
heldthatmachineryprovisionofafiscalstatuteshouldbeinterpretedinsuchamanner
thatrecoveryisnotfrustratedorstatuteadverselyaffected,achievetheobjectof
recoveryonecannottravelbeyondthespiritoflawandcauseviolencetothelanguage
andintentionofstatute.Itisalsoheldthatmachineryprovisioncanbeextendedonlyto
theextentitispermissibleunderthelaw.Onecannotoverridetherightsofotherparties
onlybecausearecoveryhastobemade.TheHonorablecourtshaveemphasizedthat
suchprovisionshavetheirownlimitationandtheyaretobefoundwithinthestatute
itself.Therefore,machineryprovisionoffiscalstatuteshouldbeliberallyconstruedto
ensurerecovery.
TheIncomeTaxOrdinance,2001providesforfollowingthreemodesofcollectingtaxes
inadvance.However,inthispublication/compilation,wewilldiscussthemode,manner
andlegalaspectsrelatedtothedeductionandcollectionoftaxatsourceindetail:
1.AdvanceTaxdirectlyliabletobepaid
2.Deductionatsourceor
3.Collectionatsource.
Thescopeofwithholdingtaxandtypeofwithholdingagentshasbeenincreasedmany
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

5/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

foldinthelastcoupleofyearsandgettingmorecomplexwiththepassageoftime.Now
thetaxationofficersmayrecoverthetaxnotdeductedorcollectedasrequiredunderthe
variousprovisionsoftheIncomeTaxOrdinance2001fromthepayeewhereasbefore
thisamendmentsuchtaxwasrecoverablefromthepayeronly.
Thedefaultsurchargefornonpaymentorlatepaymentoftaxdeductedorcollectedand
stringent,irrational&exorbitantpenaltiesfornonfilingorlatefilingofprescribed
statementsarebeingimposedinalmostallthecaseswheresuchdefaultisobservedby
thetaxationofficers,evenwithoutestablishingmensreainthisregard.Moreover,in
viewoftheinfluxofvariousnotifications,instructions,andcircularsinrespectofsuch
deductionithasbecomeimpossiblefortaxpayersaswellaslegalfraternitytomonitor
andassesstheircurrentobligationsinthisregard.
Inthepresentpublication,wehavemadeanefforttocompilethelegalprovisions
scatteredinvarioussections,schedules,circularsandstatutorynotificationsrelatedto
collection/deductionoftaxandpaymentthereofandprovidecommentswherever
deemedfitwithutmostcare,tomakeituserfriendly,toserveasageneralguide&
readyreckonerfortheconvenienceoftheusers.Wehaveprovidedcomparisonofrate
oftaxtobecollectedordeductedundervariousprovisionsforthetaxyear2015with
2014.Thispublicationalsoprovidescategoriesofwithholdingagents,statusoftax
collected/deducted(i.e.adjustableorfinal)andrelatedlegalprovisionsforready
reference.However,incaseif,anyomissionorerrorisnoticedatanyplace,theuseris
requestedtopleaseletusknowthesameforappropriate
amendment(s)/modification(s)andisadvisedtorefertotheoriginalsources.
Thispublicationisproductofthemindsandhandsofmanypersonsandsomeofthose
deservespecialacknowledgementanddeepappreciation.Theundersignedwishesto
expressthankstotheoutstandingofficecolleaguesMr.MuhammadHanifKhatri,Mr.
AbsarA.Khan,Mr.AbdulWahab,Mr.EhtishamQadirandMr.MohammadAyoub,who
extendedtheirlegalacumenandassistanceduringpreparationofthispublicationand
withouttheiruntiringeffortcompilationofthiscompendium/publicationwouldnot
havebeenpossible.
Wehopethishumbleeffortwouldbeusefultoallthereadersandtakethisopportunity
toconveyourheartfeltthanksandgratitudefortheircontinuoussupportandguidance
tomakeourpublicationmosteffectiveanduseful.
WealsobowourheadsbeforetheAlmightyAllahinallhumilityforthenumerous
blessingsbestoweduponusandpraytoHimtocontinuetoshowerHischoicest
blessingsonallofusandourfamilies.Ameen
Warmestregards,
(ABDULQADIRMEMON)
CONTENTS
S.No.ParticularsPages
1ComparativeTableofWithholdingTaxRatesforthe
TaxYear2015withTaxYear2014andstatusofTax
Collection/DeductionalongwithNotes
01
2LegalProvisionsfor(a)FilingofMonthly&Annual
Statements(b)Paymentoftaxcollectedordeducted
(c)DefaultSurchargefornonpaymentoftaxand(d)
Penaltiesfornonorlatefilingofstatements
31
ComparativeTableofWithholding
TaxRatesfortheTaxYears2014
and2015.
Page(i)of(iii)
ComparativeTableofWithholdingTaxRatesfortheTaxYears2014and2015
CONTENTS
S.No.SectionParticularsPages
1148
ReadwithPartIIofFirst
Schedule
CollectionoftaxatImportStageonvalueofgoods
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

6/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

asincreasedbyCustomsdutysandSalesTax
importedby
01
2149readwithDivision1Aof
PartIoftheFirstSchedule
Salary04
3150readwithDivision
(III)ofPartIoftheFirst
Schedule
Dividend04
4151Profitondebt06
5152
SubSection(1)
SubSection(1A)
PaymentstoNonResidents08
6SubSection152(2A)]
PaymentPEofNonResident09
7153
SubSection(1)
PaymentforGoods,Servicesandexecutionofa
ContractGrossamountpayablefor:
10
8SubSection1(b)
TransportServices11
9SubSection1(c)
ExecutionofContractintheCase11
10153(2)Forrenderingoforprovidingservicesofstitching,
dying,printing,embroidery,washing,sizingand
weaving
12
11154
SubSection(1),(3),(3A),
(3B)or(3C)
Exports13
12SubSection(2)
IndentingCommission13
13155readwithSection16
IncomefromProperty14
14156
PrizesandWinnings15
15156A
Petroleumproducts15
16156B
WithdrawalofbalanceunderPensionFund15
17231A
CashWithdrawal16
18231AA
Transactionsinbanks16
Page(ii)of(iii)
19231B
PurchaseofMotorCarsJeeps17
20233
Brokerage&Commission17
21233A
Collectionoftaxbystockexchange18
22233AA
CollectionoftaxbyNationalClearingCompanyof
PakistanLimited(NCCPL)
18
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

7/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

23234
Taxonmotorvehicle18
24234A
CNGStationsongasconsumptioncharges
18
25235
ElectricitybillofCommercialorIndustrial
consumers
19
26235A
Domesticelectricityconsumption19
27235B
Taxonsteelmelters,rerollersetc.19
28236
TelephoneMobileBills20
29236A
Salebyauction20
30236B
PurchaseofDomesticAirTicketfromeveryperson20
31236CSaleortransferofimmovablepropertyonselleror
transferoratthetimeofregisteringorattesting
thetransfer.
20
32236DFunctionsandgatheringsOntotalamountofbill
ofarrangingorholdingafunctionincluding
paymentoffood,serviceorfacility.
21
33236EForeignTVdramaserialorplaydubbedinUrduor
anyotherregionallanguage.
21
34236FCableoperatorsandotherelectronicmedia.On
issuanceorrenewaloflicensefordistribution
servicestooperatorsandmedia.
21
35236GSalesofElectronic,Sugar,Cement,Iron&Steel
products,Fertilizer,Motorcycles,Pesticides,
Cigarettes,Glass,Textile,Beverages,Paintor
FoamSectortodistributors,dealersand
wholesalers
21
36236HSalesofElectronics,Sugar,Cement,Iron&Steel
products,Fertilizer,Motorcycles,Pesticides,
Cigarettes,Glass,Textile,Beverages,PaintorFoam
Sectortoretailers.
22
Page(iii)of(iii)
37236IAmountoffee(TuitionFeeandallcharges)paidto
educationalinstitutionswhereannualfeeexceeds
Rs.200,000/.
22
38236JIssuanceorrenewaloflicensetoDealers,
CommissionagentsandArhatisetc.
23
39236KPurchaseofimmovableproperty
23
40236LPurchaseofinternationalairticket
23
41236MBonusSharesissuedbycompaniesquotedonstock
exchange
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

8/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

24
42236NBonusSharesissuedbycompaniesquotedonstock
exchange
24
4337AreadwithDivisionVIICapitalGainondisposalofSecurities
24
44149
IncomeonSalary26
45155
IncomefromProperty27
46231B
PurchaseofMotorVehicle28
47234
TaxonMotorVehicle28
48235
ElectricityConsumption29
49236EAdvanceTaxonForeignProducedFilmsandTV
Plays
29
50236FAdvanceTaxonCableTelevisionOperatorsand
OtherElectronicMedia
30
51236JAdvanceTaxonDealers,CommissionAgentsand
Arhallsetc.
30
52RelatedLegalProvisions31to34
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
ThefollowingtablesummarizeswithholdingtaxratesforallClassesofpersonsandtreatmentof
withholdingtaxasadjustableorfinaltaxliabilityalongwithexemptions.
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
B.Qadir&CompanyPage1of34
148
ReadwithPart
IIofFirst
Schedule
TheCollectorofCustom.CollectionoftaxatImportStageonvalueofgoodsasincreasedbyCustoms
dutysandSalesTaximportedby
1.(i)Industrialundertaking
Importingremeltablesteel
(PCTHeading724)and
directlyreducedironforits
ownuse.
1%
[Clause(9B)ofPartIIof
SecondSchedule]
1%
AdjustableAdjustable
(ii)Importofpotassicfertilizers
inpursuanceofEconomic
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

9/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

CoordinationCommittees
oftheCabinetsdecision
No.ECC155/12/2004dated
09122004.
1%
[Clause(13E)ofPartIIof
SecondSchedule]
1%
1Final1Final
(iii)ImportofUrea1%
[Clause23)ofPartIIof
SecondSchedule]
1%1Final1Final
(iv)Allimportersofthefilmin
thecaseofforeign
producedfilmimportedfor
thepurposeofScreening
andviewing:
Companies
OtherthanCompanies
12%
12%
5.5%
6.0%
Adjustable
Adjustable
Adjustable
Adjustable
2.Importofpulses
2%
[Clause(24)ofPartIIof
SecondSchedule]
2%1Final1Final
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage2of34
3.Importbypersonscovered
underSRO1125(1)2011dated
31December2011:
(i)Manufacturer
(ii)Commercialimporters
1%
3%
[Clause(9C)ofPartIIof
SecondSchedule]
1%
3%
Adjustable
1Final
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

10/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

Adjustable
1Final
4.Shipbreakersonimportof
ships.
Companies/Industrial
undertaking5%
Allothers5.5%
4.5%1Final1Final
5.Industrialundertakingforits
ownuse.
5%
[Exemptsubjectto
exemptioncertificate]
5.5%
[Exemptsubject
toexemption
certificate]
Adjustable
[Minimumtax
incaseEdible
Oil&Packing
material]
Adjustable
[Minimumtax
incaseEdible
Oil&Packing
material]
6.AllCasesofCompanies.5%5.5%1Final
7.Alltaxpayersotherthan
industrialundertakingsand
companies.
5.5%6%1Final
8.Importofhybridcarswith
enginecapacity:
i)Upto1200cc
ii)1201to1800cc
iii)1801to2500cc
Reductionintaxby
100%
50%
25%
[Clause(28)ofPartIIof
SecondSchedule]
Reductionintax
by
100%
50%
25%
[Clause(28)ofPart
IIofSecond
Schedule]
1Final1Final
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

11/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage3of34
Exemptions:
NotapplicableinrespectofimportsbytheAghaKhanDevelopmentNetwork[Clause(16)ofPartIV
oftheSecondSchedule].
GoodsclassifiedunderPCTChapter27,86and99[Clause(56)ofPartIVoftheSecondSchedule].
GoodsimportedunderSubChapter7ofChapterXIIofSRO450(I)/2001[Clause(56)ofPartIVof
theSecondSchedule].
GoodstemporarilyimportedforsubsequentexportationunderNotificationNo.492(I)/2009[Clause
(56)ofPartIVoftheSecondSchedule].
ManufacturingBondUnderChapter(XV)ofCustomsRules,2001[Clause(56)ofPartIVofthe
SecondSchedule].
MineraloilimportedbymanufacturerorformulatorofpesticidesunderCustomNotificationNo.SRO
857(I)/2008[Clause(56)ofPartIVoftheSecondSchedule].
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage4of34
149readwith
Division1Aof
PartIofthe
FirstSchedule
Everypersonresponsiblefor
payingsalary.
SalaryProgressiveRates
(AsperNote2)
Progressive
Rates
(AsperNote2)
Adjustable
forindividual
N/A
Directorfee6%
U/s.153(1)(b)
20%Adjustable
forindividual
N/A
150readwith
Division
(III)ofPartIof
theFirst
Schedule
Everypersonpayingadividend.Dividend(OnGrossAmount)
(a)Dividenddistributedby
purchaserofapowerproject
privatizedbyWAPDAand
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

12/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

companysetupforpower
generationoronsharesofa
Companysupplyingcoal
exclusivelytopowergeneration
projects.
(Emboldedfortaxyear2015)
7.5%
[Clause17&18ofPartII
ofSecondSchedule]
7.5%Final
Final
(b)Dividendpaymentbyother
companies.
10%Filer
10%
NonFiler
15%
Final
Final
(c)Remittanceofaftertaxprofitby
abranchotherthenbranchofa
E&Pcompanies(subjectto
treatyprovisions,ifapplicable).
10%Filer
10%
NonFiler
15%
Final
Final
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage5of34
(d)DividendpaymentbyCollective
InvestmentSchemeorMutual
Funds:
i)StockFund
ii)MoneyMarketFund,Income
Fundoranyotherfund:
Individual&AoP
Company
10%
10%
10%
10%or12.5%
(Ifdividend
receiptsareless
thanCapital
Gains)
10%
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

13/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

25%
Final
Final
Final
Final
Exemptions:
Inrespectofintercorporatedividendswithinthegroupcompaniesentitledtogrouptaxation[Clause
(11B)ofPartIVofSecondSchedule].
Notapplicableinthecaseofventurecapitalcompany,IslamicDevelopmentBank[Clause(38A)&
(38C)ofPartIVofSecondSchedule].
PaymenttoNITorcollectiveinvestmentschemeormodarabaorapprovedpensionfundorapproved
incomepaymentplanorREITschemeorprivateequityandventure
capitalfundorrecognizedprovidentfundorapprovedsupperannuationfundorapprovedgratuityfund
[Clause(47B)ofPartIVofSecondSchedule].
PaymentstoInternationalFinanceCorporation,AsianDevelopmentBank,theECOTradeand
DevelopmentBank[Clause(67),(69)&(71)ofPartIVofSecondSchedule].
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage6of34
151 NationalSavingCentreand
PakistanPostOffice
BankingCompanyorFinancial
Institution
FederalGovernment,Provincial
GovernmentandLocal
Governmentor
FinanceSociety.
Profitondebt
(a)Yieldonanaccount,depositora
certificateundertheNational
SavingsSchemeorPostoffice
Savingsaccount
10%Filer
10%
NonFiler
15%
Final
Adjustable
(b)Profitonadebt,beinganaccount
ordepositmaintainedwitha
bankingcompanyorafinancial
institution.
10%Filer
10%
NonFiler
15%
Final
Adjustable
(c)Profitonanysecurityotherthan
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

14/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

profitonNationalSavingScheme
orPostOfficeSavingAccountby
FederalGovernmentissueda
ProvincialGovernmentoraLocal
Government.
10%Filer
10%
NonFiler
15%
Final
Adjustable
(d)Profitonanybond,certificate,
debenture,securityorinstrument
ofanykind[Otherthanloan
agreementbetweenaborrower
andabankingcompanyora
developmentfinanceinstitution]
issuedbyabankingcompany,a
financialinstitution,companyas
definedintheCompanies
Ordinance,1984andabody
corporateformedbyorunderany
lawforthetimebeinginforce,to
anypersonotherthanafinancial
institution.
10%Filer
10%
NonFiler
15%
Providedthatfora
nonfiler,ifthe
yieldorprofitpaid
isRs.500,000or
less,therateshall
be10%
Final
Adjustable
Taxinexcessoftaxdeductiblefor
filerisadjustablefornonfilerifhe
wishestofilereturnofincome.
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage7of34
Exemptions:
Inrespectofintercorporateprofitondebtwithinthegroupcompaniesentitledtogrouptaxation
[Clause(11C)ofPartIVoftheSecondSchedule].
NotapplicableinrespectofpaymenttotheAghaKhanDevelopmentNetwork[Clause(16)ofPartIV
oftheSecondSchedule].
NotapplicableinrespectofpaymentofyieldorprofitonBahboodSavingCertificateorPensioners
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

15/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

BenefitAccount[Clause(36A)ofPartIVoftheSecondSchedule].
Notapplicableinthecaseofspecialpurposevehicleforsecuritization[Clause(38)ofPartIVofthe
SecondSchedule].
NotapplicableinthecaseofVentureCapitalCompany,IslamicDevelopmentBank[Clause(38A)&
(38C)ofPartIVoftheSecondSchedule].
PaymenttoNITorcollectiveinvestmentschemeormodarabaorapprovedpensionfundorapproved
incomepaymentplanorREITschemeorprivateequityandventure
capitalfundorrecognizedprovidentfundorapprovedsupperannuationfundorapprovedgratuityfund
[Clause(47B)ofPartIVoftheSecondSchedule].
PaymentstoInternationalFinanceCorporation,PakistanDomesticSukukCompanyLimited,Asian
DevelopmentBank,TheECOTradeandDevelopmentBank[Clause(67)of
PartIVoftheSecondSchedule].
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage8of34
152(a)ForPaymentagainst
(i)Saleofgoods
(ii)RenderingofServicesor
(iii)Executionofcontract.
Everyprescribedpersonsfor
withholdingare:
(a)TheFederalGovernment
(b)ACompany
(c)Anassociationofperson
constitutedbyorunder
law
(d)Anonprofitorganization
(e)Aforeigncontractoror
consultant
(f)Aconsortiumorjoint
venture
(g)AnIndividualorAOP
havingturnoverofFifty
(50)millionrupeesor
aboveor
(h)Apersonregisteredunder
theSalesTaxAct,1990.
(b)Forpaymentotherthan
mentionin(a)above
Everypersonmakingpayment
tononresident.
PaymentstoNonResidents
SubSection(1)
SubSection
(1A)
RoyaltyandTechnicalfee15%15%FinalFinal
(a)Acontractorsubcontract
undertheconstruction,
assemblyorinstallationproject
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

16/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

inPakistanincludingacontract
forthesupplyofsupervisory
activitiesinrelationtosuch
projectsor
(b)Anyothercontractfor
constructionorservices
renderedrelatingtheretoor
(c)AContractforadvertisement
servicesrenderedbyTVSatellite
channel.
6%
6%
6%
6%
6%
6%
Final
Final
Final
Final
Final
Final
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage9of34
(1AA)
Insurancepremiumor
reinsurancepremium.
5%5%FinalFinal
(1AAA)Advertisementservicestomedia
personrelayingfromoutside
Pakistan.
10%10%FinalFinal
SubSection(2)Profitondebttononresident
personnothavingaPEisPakistan.
10%
[Reducedrateinviewof
Clause(5A)ofPartIIof
SecondScheduleread
withSubSection(2)of
Sections151and152]
10%
[Reducedratein
viewofClause(5A)
ofPartIIofSecond
Schedulereadwith
SubSection(2)of
Sections151and
152]
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

17/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

Adjustable/
Finalin
Specified
situations
Adjustable/
Finalin
Specified
Situations
Otherpayments(otherthanHajj
GroupOperatorasprovidedunder
Clause(72A)ofPartIVofSecond
Scheduleuptotaxyear2014).
20%20%AdjustableAdjustable
[SubSection
152(2A)]
(c)Everyprescribedperson[As
definedin(a)above]
PaymentPEofNonResident
(a)Salesofgoods3.5%3.5%AdjustableAdjustable
(b)(i)TransportServices2%2%AdjustableAdjustable
(ii)Servicesotherthan
transport
6%6%AdjustableAdjustable
(c)Executionofcontract6%6%AdjustableAdjustable
Exemptions:
NotapplicableinthecaseofIslamicDevelopmentBank[Clause(38C)ofPartIVofSecond
Schedule].
NotapplicableinthecaseofpaymentstoInternationalFinanceCorporation,AsianDevelopmentBank
andtheECOTradeandDevelopmentBank[Clause(67),(69)&(72)of
PartIVofSecondSchedule].
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage10of34
153
SubSection(1)
a)ForPaymentagainst
(i)Saleofgoods
(ii)RenderingofServicesor
(iii)Executionofcontract.
Everyprescribedpersonfor
makingpaymenttoresident
persons:
a)TheFederalGovernment
b)ACompany
c)Anassociationofperson
constitutedbyorunder
law
d)Anonprofit
organization
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

18/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

e)Aforeigncontractoror
consultant
f)Aconsortiumorjoint
venture
g)AnIndividualorAOP
havingturnoverofFifty
(50)millionrupeesor
aboveor
h)Apersonregisteredunder
theSalesTaxAct,1990.
PaymentforGoods,ServicesandexecutionofaContractGrossamountpayablefor:
i)Salesofrice,cottonseedor
edibleoils.
1.5%1.5%1Final1Final
ii)Saleofanyothergoodsinthe
caseof:
Company
Taxpayersotherthan
Companies
iii)Others
Formanufacturerofcooking
oilorvegetablegheeorboth
inrespectofpurchaseof
locallyproducededibleoil
(Clause13CofPartIIofthe
SecondSchedule).
ForDistributorsofcigarettes
andpharmaceuticalproducts,
largedistributionhousesand
largeimporthouse
(Clause24AofPartIIofthe
SecondSchedule).
3.5%
4%
2%
1%
4%
4.5%
2%
1%
N/A
1Final
1Final
1Final
1Final
(Adjustablefor
manufacturer/li
stedcompany)
N/A
1Final
(Adjustablefor
manufacturer/li
stedcompany)
1Final
(Adjustablefor
manufacturer/
listed
companies)
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

19/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage11of34
SubSection
1(b)
(b)Forrenderingorproviding
servicesmentionedinSub
Section(2)
Everyexporteroranexport
housemakingpaymentto
nonresidentorPermanent
EstablishmentinPakistanofa
nonresidentperson.
Transportservices2%2%MinimumAdjustable
ServicesotherthanTransport
servicesinthecaseof:
Companies
Othertaxpayers
Servicesrenderedoutside
Pakistanprovidedthatreceipts
arebroughtintoPakistanthrough
normalbankingchannel
(Clause(3)ofPartIIofSecond
Schedule.
6%
7%
1%
8%
10%
1%
N/A
Minimum
Final
Adjustable
N/A
Final
SubSection
1(c)
Executionofcontractinthecaseof:
Companies
Othertaxpayers
Sportsperson
Constructioncontractsoutside
Pakistanprovidedthatreceipts
arebroughtintoPakistanthrough
normalbankingchannel
(Clause3AofPartIIofSecond
Schedule)
6%
6.5%
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

20/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

6.5%or7%asperthe
circumstancesofthecase
1%
7%
7.5%
10%
1%
N/A
1Final
1Final
Final
1Final/
(Adjustablefor
listedcompany)
N/A
N/A
Final
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage12of34
153(2) Forrenderingoforproviding
servicesofstitching,dying,
printing,embroidery,washing,
sizingandweaving.
0.5%1%1Final1Final
Exemptions:
Inrespectofagriculturalproducedpurchaseddirectlyfromthegrowersubjecttoconditions[Clause
(12)ofPartIVofSecondSchedule].
InrespectofpaymentstotheAghaKhanDevelopmentNetwork[Clause(16)ofPartIVofSecond
Schedule].
Inthecaseofpaymentstoelectronicandprintmediaservicesinrespectofadvertisingservices[Clause
(16A)ofPartIVofSecondSchedule].
Inthecaseofspecialpurposevehicleforsecuritization,IslamicDevelopmentBank[Clause(38)&
(38C)ofPartIVofSecondSchedule].
Inthecaseofsupplyofpetroleumproductimportedbythesameperson[Clause(43A)ofPartIVof
SecondSchedule].
Inthecaseofsaleofairticketsbythetravelingagentssubjecttocondition[Clause(43B)ofPartIVof
SecondSchedule].
InthecaseofpaymentreceivedbypetroleumagentordistributorwhoisregisteredunderSalesTax
Act,1990[Clause(43C)ofPartIVofSecondSchedule].
Caseofoiltankercontractorsubjecttoconditions[Clause(43D)ofPartIVofSecondSchedule].
Paymentreceivedbyanoildistributioncompanyoroilrefineryorpermanentestablishmentofnon
residentpetroleumexplorationandproduction(E&P)companiesforsupply
ofpetroleumproducts[Clause(46)ofPartIVofSecondSchedule].
PaymentsreceivedbycommercialimporterswhohavepaidtaxunderSection148[Clause(47A)of
PartIVofSecondSchedule].
PaymentstoInternationalFinanceCorporation,PakistanDomesticSukukCompanyLimited,Asian
DevelopmentBank,TheECOTradeandDevelopmentBank[Clause(67),(68),
(69)&(72)ofPartIVofSecondSchedule].
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

21/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

Steelmelters,Steelrerollers,Compositesteelunits,asapayer,inrespectofpurchaseofscrap,
providedthattaxiscollectedinaccordancewithSection235B,Clause(9A)of
PartIVofSecondSchedule.
Shipbreakersasrecipientofpaymentonshipsimportedafter1stJuly,2014[Clause(9AA)ofPartIV
ofSecondSchedule].
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage13of34
154
SubSection
(1),(3),(3A),
(3B)or(3C)
Everyauthoriseddealerin
foreignexchange
Everybankingcompany
TheExportProcessingZone
Authorityestablishedunder
theExportProcessingZone
AuthorityOrdinance,1980
EveryDirectExporterandan
exporthouseregisteredunder
theDutyandTaxRemission
forExportRules,2001or
TheCollectorofCustoms.
Exports
i)RealizationofExportproceeds
onaccountofexportofgoods
ii)Onaccountsalesofgoodsto
anexporterunderaninland
backtobackletterofcreditor
anyotherarrangement
iii)exportofgoodsbyanindustrial
undertakinglocatedinan
ExportProcessingZone
iv)Onpaymenttoanindirect
Exportersagainstfirmcontract
or
v)Collectionbyacollectorof
customsatthetimeofclearing
ofgoodsexported.
1%1%FinalFinal
SubSection(2)IndentingCommission5%5%FinalFinal
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

22/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage14of34
155readwith
Section16
Followingprescribedpersonsfor
withholdingare:
(a)TheeFederalGovernment
(b)AProvincialGovernment
(c)LocalGovernment
(d)ACompany
(e)Anonprofitorganizationora
charitableinstitution
(f)Adiplomaticmissionofa
foreignstate
(g)Aprivateeducational
institution,aboutique,a
beautyparlour,ahospital,a
clinicoramaternityhome
(h)IndividualsorAOPpaying
grossrentofRupee1.5million
andaboveinayearor
(i)Anyotherpersonnotifiedby
theBoardforthepurposeof
thissection.
IncomefromProperty
Rentofimmovableproperty
(includingrentoffurnitureand
fixturesandamountforservices
relatingtosuchpropertyandnonadjustable
amountreceived.
Companies
IndividualandAOP
15%
Progressiverates
between10%to15%(As
perNoteNo.3)
15%
Progressiverates
between10%to
15%(AsperNote
No.3)
Adjustable
Adjustable
Exemptions:
NotapplicableinrespectofpaymenttotheAghaKhanDevelopmentNetwork[Clause(16)ofPartIV
ofSecondSchedule].
PaymenttoPakistanDomesticSukukCompanyLimited[Clause(68)ofPartIVofSecondSchedule].
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

23/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

2015
Individual&
AOP
Company
A.Qadir&CompanyPage15of34
156Everypersonpayingprize.PrizesandWinnings
i)CashorfairvalueofPrizeon
PrizeBondwinningandcrossword
puzzle
15%15%FinalFinal
ii)Cashorvalueofwinningsfrom
araffle/lottery,prizeon
winningaquiz,prizeoffered
byacompanyforpromotionof
sale.
20%20%FinalFinal
Exemption:
NotapplicableinrespectofpaymenttotheAghaKhanDevelopmentNetwork[Clause(16)ofPartIV
ofSecondSchedule].
156AEverypersonsellingpetroleum
productstoapetrolpump
operator.
Petroleumproducts
Commissionanddiscountallowed
tothepetrolpumpoperators.
10%12%1Final1Final
156BAPensionFundManagerWithdrawalofbalanceunderPensionFund
PaymentfromIndividualPension
Fundbeforetheretirementageor
itisinexcessof50%ofhis
accumulatedbalanceatorafterthe
retirementage.
Deductionoftaxtobe
madeinaccordancewith
theFormula
undersection12(6)
Deductionoftax
tobemadein
accordancewith
theformula
undersection
12(6)
AdjustableN/A
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage16of34
231AEverybankingcompanyCashWithdrawal
Cashwithdrawalexceeding
Rs.50,000/inaday.
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

24/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

0.3%ofthecashamount
withdrawn
Filer
0.3%
ofthecash
amount
withdrawn
NonFiler0.5%
ofthecash
amount
withdrawn
AdjustableAdjustable
Exemptions:
Notapplicableincaseofwithdrawalmadeby(a)theFederalGovernmentoraProvincialGovernment
(b)AforeigndiplomatoradiplomaticmissioninPakistanor(c)A
personwhoproducesaCertificatefromtheCommissionerthathisincomeduringthetaxyearisexempt.
NotapplicableinrespectofcashwithdrawalbyexchangecompaniesdulylicensedbytheSBPsubject
toconditions[Clause(61A)ofPartIVofSecondSchedule].
231AA Everybankingcompany
Nonbankingfinancial
institution
Exchangecompanyor
Authorizeddealerofforeign
exchange.
Transactionsinbanks
Salesagainstcashofany
instrumentincludingDemandDraft,
PayOrder,CDR,STDR,SDR,RTCor
anyotherinstrumentofbearer
nature,OnlineTransfer,Telegraphic
Transfer,MailTransferoranyother
modeofElectronicTransfer
exceedingRs.25,000/inaday.
0.3%
ofthetransaction
Filer
0.3%ofthe
transaction
NonFiler
0.50%ofthe
transaction
AdjustableAdjustable
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage17of34
231B Everymotorvehicle
registeringauthorityofExcise
andTaxationDepartmentor
Everymanufacturerofa
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

25/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

motorcarorjeep.
PurchaseofMotorCarsJeeps
Onregistrationofnewlocally
manufacturedmotorvehicle
Ontransferofregistrationor
ownershipofaprivatemotor
vehicle,excludingtransferof
vehicleafterfiveyearsfromthe
dateoffirstregistrationin
Pakistanand
Onsaleofmotorvehicleand
saleofjeepbythe
manufacturer.
VaryingSlabs
(AsperNote4)
VaryingSlabs
ForFilerand
NonFiler(Asper
Note4)
AdjustableAdjustable
Exemptions:
NonApplicableinthecaseof(a)TheFederalGovernmenttheProvincialGovernment(b)theLocal
Government(c)aForeignDiplomator(d)aDiplomaticMission.
NocollectionofAdvanceTaxontransferofregistrationorownershipofaprivatemotorvehicleshall
bemadeontransferofvehiclesafterfiveyearsfromthedateof
firstregistrationinPakistan.
233 TheFederalGovernment
AprovincialGovernment
LocalGovernment
ACompanyor
Anassociationofpersons
constitutedbyorunderany
law
Brokerage&Commission
a)Paymentofbrokerageand
Commissionotherthan
advertisingagent.
10%12%1Final1Final
b)Commissiontoadvertisement
agent
5%
[Clause(26)ofPartIIof
SecondSchedule]
7.5%1Final1Final
Exemption:
NotapplicableinthecaseofVentureCapitalCompany,IslamicDevelopmentBank[Clause(38A)&
(38C)ofPart(IV)ofSecondSchedule].
PaymenttoNITorcollectiveinvestmentschemeormodarabaorapprovedpensionfundorapproved
incomepaymentplanorREITschemeorprivateequityandventurecapitalfundor
recognizedprovidentfundorapprovedsupperannuationfundorapprovedgratuityfund[Clause(47B)of
PartIVofSecondSchedule].
PaymentstoInternationalFinanceCorporation,AsianDevelopmentBank,theECOTradeand
DevelopmentBank[Clause(67),(69)&(71)ofPartIVofSecondSchedule].
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

26/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage18of34
233A
AllStockExchangeregisteredin
Pakistan.
Collectionoftaxbystockexchange
a)Onpurchaseofshares,inlieu
ofcommissionofthemember
0.01%ofpurchasevalue0.01%of
purchasevalue
AdjustableAdjustable
b)OnSaleofshares,inlieuof
commissionofthemember
0.01%ofsalevalue0.01%ofsale
value
AdjustableAdjustable
233AANationalClearingCompany
PakistanLimited
CollectionoftaxbyNationalClearingCompanyofPakistanLimited(NCCPL)
Onmarginfinancinginshare
businessorprovidinganymargin
financing,margintradingor
securitieslending.
10%10%AdjustableAdjustable
NotapplicabletoanyMutualFundspecifiedinSubClause(2)ofClause(57)ofPartIoftheSecond
Schedule.
234Personcollectingmotorvehicle
tax.
Taxonmotorvehicle
Registeredladenweight/Seating
capacity/Enginecapacity
Varyingrates
(AsperNoteNo.5)
Varyingrates
ForFilerand
NonFiler
(AsperNote
No.5)
AdjustableAdjustable
234APersonpreparinggasconsumption
bill.
CNGStationsongasconsumption
charges
4%4%FinalFinal
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

27/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

AOP
Company
A.Qadir&CompanyPage19of34
235Personpreparingelectricity
consumptionbill.
ElectricitybillofCommercialorIndustrialconsumers
(a)Onelectricitybillbelow
Rs.20,000/
VaryingRates
(AsperNoteNo.6)
VaryingRates
(AsperNote
No.6)
MinimumAdjustable
(b)Onelectricitybillexceeding
Rs.20,000/:
i)Commercialconsumers
ii)IndustrialConsumer
10%
5%
10%
5%
Minimum
(Adjustableif
thebill
amount
exceeds
Rs.30,000)
Adjustable
235APersonpreparingdomestic
electricityconsumptionbill.
Domesticelectricityconsumption
Onelectricbillexceeding
Rs.100,000/
N/A7.5%AdjustableAdjustable
235BPersonpreparingelectricity
consumptionbillforsteelmelters,
rerollers,compositesteelunits.
Taxonsteelmelters,rerollersetc.
Onelectricitybillofsteelmelters,
steelrerollers,compositesteel
units.
N/ARs.1/perunitof
electricity
consumed
Non
Adjustable
andCreditof
thesame
shallnotbe
allowed
NonAdjustable
andCreditof
thesameshall
notbeallowed.
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

28/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage20of34
236 Personpreparingthetelephone
bills
Personissuingorsellingprepaid
cardsfortelephoneor
Personissuingorsellingunits
throughanyelectronicmedium
oranyotherform.
TelephoneMobileBills
(a)Telephonebillotherthan
mobilephoneexceeding
Rs.1,000/.
10%oftheexceeding
amountofBill
10%
oftheexceeding
amountofBill
AdjustableAdjustable
(b)Mobilephonesubscriberor
prepaidcardfortelephonesor
Saleofunitsthroughany
electronicmediumorwhatever
form.
15%
oftheamountofbillor
salepriceofprepaidcard
14%
oftheamountof
billorsaleprice
ofprepaidcard
Adjustable
Adjustable
236APersonmakingsalebypublic
auctionorauctionbyatender.
Salebyauction
Publicauctionorauctionbytender
ofthepropertyorgoods
10%ofthegrosssale
price
10%ofthegross
saleprice
AdjustableAdjustable
236BAirlinesissuingdomesticairticket.PurchaseofDomesticairticket
fromeveryperson.
5%
ongrossamountof
consideration.
5%
ongrossamount
ofconsideration.
AdjustableAdjustable
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

29/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

Notapplicableincaseof:
(a)TheFederalGovernmentoraProvincialGovernmentor
(b)ApersonwhoproducesacertificatefromtheCommissionerInlandRevenuethatincomeofsuch
personduringthetaxyearisexempt.
236CPersonresponsibleforregistering
orattestingtransferofany
immovableproperty.
Saleortransferofimmovable
propertyonsellerortransferorat
thetimeofregisteringorattesting
thetransfer.
0.5%
ongrossamountof
consideration.
Filer
0.5%
ongrossamount
ofconsideration
NonFiler
1%
Ongrossamount
ofconsideration
AdjustableAdjustable
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage21of34
236DEveryprescribedpersonfor
withholdingoftaxincludesthe
owner,aleaseholder,anoperator
oramanagerof:
(a)Amarriagehall
(b)Marquee
(c)Hotel
(d)Restaurant
(e)Commerciallawn
(f)Club
(g)Acommunityplaceor
(h)Anyotherplaceusedfor
suchpurpose.
FunctionsandgatheringsOntotal
amountofbillofarrangingor
holdingafunctionincluding
paymentoffood,serviceorfacility.
10%5%
AdjustableAdjustable
236EAnylicensingauthoritycertifying
andforeignTVdramaserialora
play.
ForeignTVdramaserialorplay
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

30/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

dubbedinUrduoranyother
regionallanguage.
Varyingamount
(AsperNoteNo.7)
Varyingamount
(AsperNoteNo.
7)
AdjustableAdjustable
236FPakistanElectronicMedia
RegulatoryAuthority.
Cableoperatorsandother
electronicmedia.Onissuanceor
renewaloflicensefordistribution
servicestooperatorsandmedia.
Varyingamount
(AsperNoteNo.8)
Varyingamount
(AsperNote
No.8)
AdjustableAdjustable
236GEverymanufacturerand
commercialimporterof:
(a)Electronics
(b)Sugar
(c)Cement
(d)Ironandsteelproducts
(e)Fertilizer
(f)Motorcycles
SalesofElectronic,Sugar,Cement,
Iron&Steelproducts,Fertilizer,
Motorcycles,Pesticides,Cigarettes,
Glass,Textile,Beverages,Paintor
FoamSectortodistributors,dealers
andwholesalers:
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage22of34
(g)Pesticides
(h)Cigarettes
(i)Glass
(j)Textile
(k)Beveragesor
(l)Paintorfoamsector.
SaleofFertilizers
Saleofgoodsotherthanfertilizer
0.1%
0.1%
Filer
0.2%
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

31/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

NonFiler
0.4%
Filer
0.1%
NonFiler
0.2%
Adjustable
Adjustable
Adjustable
Adjustable
236HEverymanufacturer,distributor,
dealer,wholesalerandcommercial
importerof:
(a)Electronics
(b)Sugar
(c)Cement
(d)Ironandsteelproducts
(e)Fertilizer
(f)Motorcycles
(g)Pesticides
(h)Cigarettes
(i)Glass
(j)Textile
(k)Beveragesor
(l)Paintorfoamsector.
SalesofElectronics,Sugar,Cement,
Iron&Steelproducts,Fertilizer,
Motorcycles,Pesticides,Cigarettes,
Glass,Textile,Beverages,Paintor
FoamSectortoretailers.
0.5%0.5%AdjustableAdjustable
236IThepersonfromEducationInstitution
preparingfeevoucherorchallans.
Amountoffee(TuitionFeeandall
charges)paidtoeducational
institutionswhereannualfeeexceeds
Rs.200,000/.
5%
oftheamountofFee
5%
ofthe
amountofFee
Adjustable
againstthetax
liabilityofthe
parentor
guardian
Adjustable
againstthetax
liabilityofthe
parentor
guardian
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

32/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage23of34
236JEveryMarketCommittee.Issuanceorrenewaloflicenseto
Dealers,Commissionagentsand
Arhatisetc.
Varyingamount
(AsperNoteNo.9)
Varyingamount
(AsperNote
No.9)
AdjustableAdjustable
236K Personresponsiblefor
registeringorattesting
transferofnayImmovable
property.
Purchaseofimmovableproperty
Onpurchaserortransfereeatthe
timeofregisteringorattesting
transferofanyimmovableproperty
exceedingvalueofRs.3million
N/AFiler
1%
ofgrossamount
ofconsideration
NonFiler
2%
ofgrossamount
ofconsideration
(RateofTaxfor
NonFilershall
be1%uptothe
dateappointed
bytheBoard)
AdjustableAdjustable
Notapplicableinthecaseof:
FederalGovernment
ProvincialGovernment
LocalGovernment
ForeignDiplomatMissioninPakistanand
AschemeintroducedbytheFederalGovernment,oraProvincialGovernmentoranauthorityestablish
underaFederalorProvinciallawforexpatriatePakistans.
236L Everyairlineissuing
internationalairticketfor
journeyoriginatingfrom
Pakistan.
Purchaseofinternationalairticket
Onissuingofinternationalticket
forjourneyoriginatingfrom
Pakistanforotherthaneconomy
class.
N/A4%ofthegross
amountof
international
tickets
AdjustableAdjustable
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

33/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
Section
WithholdingAgentTypeofPayment/
NatureofServices
Rate
StatusofTax
Collection/Deduction
20142015
2015
Individual&
AOP
Company
A.Qadir&CompanyPage24of34
236M EveryCompanyquotedon
StockExchangeissuingBonus
Shares.
BonusSharesissuedbycompanies
quotedonstockexchange
Onissuanceofbonusshares
determinedonthebasisofdayend
priceonthefirstdayofclosureof
books
N/A5%ofthevalue
ofbonusshares
tobeissued
Final
onthe
incomeofthe
shareholder
Final
ontheincome
ofthe
shareholder
236N EveryCompanynotquotedon
StockExchangeissuingBonus
Shares.
BonusSharesissuedbycompanies
notquotedonstockexchange
Onissuanceofbonussharesvalue
ofwhichmaybedeterminedon
thebasisofRulesprescribedbythe
Board
N/A
5%ofthevalue
ofthebonus
sharestobe
issued
Final
onthe
incomeofthe
shareholder
Final
ontheincome
ofthe
shareholder
37Areadwith
DivisionVII
NationalClearingCompanyof
PakistanLimited.
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

34/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

CapitalGainondisposalof
Securities.
Where:
a)Holdingperiodislessthansix
months
b)Holingperiodismorethansix
monthsbutlessthantwelve
months
c)Holdingperiodistwelve
monthsormorebutlessthan
twentyfourmonthsand
d)Holdingperiodistwentyfour
monthsormore.
10%
8%
0%
0%
12.5%
12.5%
10%
0%
Adjustable
Adjustable
Adjustable

Adjustable
Adjustable
Adjustable

A.Qadir&Company
ComparativeTableofWithholdingTaxRatesfortheTaxYears2014and2015
NOTES
1.Thetaxpayersmayopttobetaxedundernormaltaxregimeinsteadoffinaltaxregimesubjecttosuch
conditionsasprescribedunderthe
followingclausesofPartIVoftheSecondScheduletotheIncomeTaxOrdinance,2001:
(56B)Theprovisionsofsubsection(7)ofsection148,andclause(a)ofsubsection(1)ofsection169
shallnotapplytoapersonbeinga
commercialimporterifthepersonoptstofilereturnoftotalincomealongwithaccountsanddocuments
asmaybeprescribed,subject
totheconditionthatminimumtaxliabilityundernormaltaxregimeshallnotbelessthan5.5%ofthe
imports,ifthepersonisa
companyand6%otherwise.
(56C)Theprovisionsofsubsection(3)ofsection153,inrespectofsaleofgoodsandclause(a)ofsub
section(1)ofsection169shallnot
applytoaperson,ifthepersonoptstofilereturnoftotalincomealongwithaccountsanddocumentsas
maybprescribedsubjectto
theconditionthatminimumtaxliabilityundernormaltaxregimeshallnotbelessthan3.5%ofthegross
amountossales,ifthe
personisacompanyand4%otherwise.
(56D)Theprovisionsofsubsection(3)ofsection153,inrespectofcontractsandclause(a)ofsub
section(1)ofsection169shallnotapply
toapersonifthepersonoptstofilereturnoftotalincomealongwithaccountsanddocumentsasmaybe
prescribedsubjecttothe
conditionthatminimumtaxliabilityundernormaltaxregimeshallnotbelessthan6%ofcontract
receipts,ifthepersonisacompany
and6.5%otherwise.
(56E)Theprovisionsofsubsection(2)ofsection153andclause(a)ofsubsection(1)ofsection169
shallnotapplyinrespectofapersonif
thepersonoptstofilereturnoftotalincomealongwithaccountsanddocumentsasmaybeprescribed
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

35/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

subjecttoconditionthat
minimumtaxliabilityundernormaltaxregimeshallnotbelessthan0.5%ofgrossamountofservices
received.
(56F)Theprovisionsofsubsection(2)ofsection156Aandclause(a)ofsubsection(1)ofsection169
shallnotapplyinrespectofapersonif
thepersonoptstofilereturnoftotalincomealongwithaccountsanddocumentsasmaybeprescribed,
subjecttotheconditionthat
minimumtaxliabilityundernormaltaxregimeshallnotbelessthan10%ofthecommissionordiscount
received.
(56G)Theprovisionsofsubsection(3)ofsection233andclause(a)ofsubsection(1)ofsection169
shallnotapplyinrespectofapersonif
thepersonoptstofilereturnoftotalincomealongwithaccountsanddocumentsasmaybeprescribed,
subjecttotheconditionthat
minimumtaxliabilityundernormaltaxretimeshallnotbelessthan10%ofthecommission.
NoteSectionTypeofPayment
TaxRate/TaxAmount
2014
(Rupees)
2015
(Rupees)
A.Qadir&Company
2149IncomeonSalary
(Clause(1A)ofDivIofPartIofFirstSchedule)
Wheretheamountofsalary:
doesnotexceedRs.400,000
ExceedRs.400,000butdoesnotexceedRs.750,000
ExceedRs.750,000butdoesnotexceedRs.1,400,000
ExceedRs.1,400,000butdoesnotexceedRs.1,500,000
ExceedRs.400,000butdoesnotexceedRs.1,800,000
ExceedRs.400,000butdoesnotexceedRs.2,500,000
ExceedRs.400,000butdoesnotexceedRs.3,000,000
0%
5%oftheamountexceedingRs.400,000
Rs.17,500+10%oftheamountexceeding
Rs.750,000
Rs.82,500+12.5%oftheamountexceeding
Rs.1,400,000
Rs.95,000+15%oftheamountexceeding
Rs.1,500,000
Rs.140,000+17.5%oftheamountexceeding
Rs.1,800,000
Rs.262,500+20%oftheamountexceeding
Rs.2,500,000
0%
5%oftheamountexceedingRs.400,000
Rs.17,500+10%oftheamountexceeding
Rs.750,000
Rs.82,500+12.5%oftheamountexceeding
Rs.1,400,000
Rs.95,000+15%oftheamountexceeding
Rs.1,500,000
Rs.140,000+17.5%oftheamount
exceedingRs.1,800,000
Rs.262,500+20%oftheamountexceeding
Rs.2,500,000
NoteSectionTypeofPayment
TaxRate/TaxAmount
2014
(Rupees)
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

36/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

2015
(Rupees)
A.Qadir&Company
ExceedRs.400,000butdoesnotexceedRs.3,500,000
ExceedRs.400,000butdoesnotexceedRs.4,000,000
ExceedRs.400,000butdoesnotexceedRs.7,000,000
ExceedRs.7,000,000
Rs.362,500+22.5%oftheamountexceeding
Rs.3,000,000
Rs.475,000+25%oftheamountexceeding
Rs.3,500,000
Rs.600,000+27.5%oftheamountexceeding
Rs.4,000,000
Rs.1,425,000+30%oftheamountexceeding
Rs.7,000,000
Rs.362,500+22.5%oftheamount
exceedingRs.3,000,000
Rs.475,000+25%oftheamountexceeding
Rs.3,500,000
Rs.600,000+27.5%oftheamount
exceedingRs.4,000,000
Rs.1,425,000+30%oftheamount
exceedingRs.7,000,000
3155
(a)
IncomefromProperty
(Clause(a)ofDivVofPartIIIofFirstSchedule)
IncaserecipientisanIndividualorAOP:
Wherethegrossamountofrentdoesnotexceed
Rs.150,000
WherethegrossamountofrentexceedsRs.150,000
butdoesnotexceedRs.1,000,000
WherethegrossamountofrentexceedsRs.1,000,000
NIL
10%ofthegrossamountexceedingRs.150,000
Rs.85,000+15%ofthegrossamountexceeding
Rs.1,000,000
NIL
10%ofthegrossamountexceeding
Rs.150,000
Rs.85,000+15%ofthegrossamount
exceedingRs.1,000,000
(b)(Clause(b)ofDivVofPartIIIofFirstSchedule)
IncaserecipientisaCompany:
15%15%
NoteSectionTypeofPayment
TaxRate/TaxAmount
2014
(Rupees)
2015
(Rupees)
A.Qadir&Company
4231BPurchaseofMotorVehicle
(DivVIIofPartIVofFirstSchedule)
10,000
20,000
30,000
50,000
75,000
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

37/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

100,000
150,000
150,000
150,000
FilerNonFiler
upto850cc
851ccto1000cc
1001ccto1300cc
1301ccto1600cc
1601ccto1800cc
1801ccto2000cc
2001ccto2500cc
2501ccto3000cc
Above3000cc
10,000
20,000
30,000
50,000
75,000
100,000
150,000
200,000
250,000
10,000
25,000
40,000
100,000
150,000
200,000
300,000
400,000
450,000
5234
(a)
TaxonMotorVehicle
(Clause(3)ofDivIIIofPartIVofFirstSchedule)
Otherprivatemotorcarswithenginecapacityof:
750
1,250
1,750
3,000
3,000
4,000
8,000
FilerNonFiler
upto1000cc
1001ccto1199cc
1200ccto1299cc
1300ccto1499cc
1500ccto1599cc
1600ccto1999cc
Above2000cc
1,000
1,800
2,000
3,000
4,500
6,000
12,000
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

38/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

1,000
3,600
4,000
6,000
9,000
12,000
24,000
(b)(Clause(4)ofDivIIIofPartIVofFirstSchedule)
Wherethemotorvehicletaxiscollectedinlumpsum:
7,500
12,500
17,500
30,000
30,000
40,000
80,000
FilerNonFiler
upto1000cc
1001ccto1199cc
1200ccto1299cc
1300ccto1499cc
1500ccto1599cc
1600ccto1999cc
Above2000cc
10,000
18,000
20,000
30,000
45,000
60,000
120,000
10,000
36,000
40,000
60,000
90,000
120,000
240,000
NoteSectionTypeofPayment
TaxRate/TaxAmount
2014
(Rupees)
2015
(Rupees)
A.Qadir&Company
6235ElectricityConsumption
(DivIVofPartIVofFirstSchedule)
Wheretheamountofelectricitybill:
doesnotexceedRs.400
exceedsRs400butdoesnotexceedRs600
exceedsRs600butdoesnotexceedRs800
exceedsRs800butdoesnotexceedRs1,000
exceedsRs1,000butdoesnotexceedRs1,500
exceedsRs1,500butdoesnotexceedRs3,000
exceedsRs3,000butdoesnotexceedRs4,500
exceedsRs4,500butdoesnotexceedRs6,000
exceedsRs6,000butdoesnotexceedRs10,000
exceedsRs10,000butdoesnotexceedRs15,000
exceedsRs15,000butdoesnotexceedRs20,000
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

39/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

exceedsRs20,000
(i)Forcommercialconsumers
(ii)Forindustrialundertaking
0
80
100
160
300
350
450
500
650
1,000
1,500
10%ofElectricityBill
5%ofElectricityBill
0
80
100
160
300
350
450
500
650
1,000
1,500
10%ofElectricityBill
5%ofElectricityBill
7236EAdvanceTaxonForeignProducedFilmsandTVPlays
(DivXIIofPartIVofFirstSchedule)
ForeignproducedTVdramaserial
ForeignproducedTVplay(singleepisode)
100,000
100,000
100,000
100,000
NoteSectionTypeofPayment
TaxRate/TaxAmount
2014
(Rupees)
2015
(Rupees)
A.Qadir&Company
8236FAdvanceTaxonCableTelevisionOperatorsandOtherElectronicMedia.
(DivXIIIofPartIVofFirstSchedule)
TaxonLicenceFee/RenewalFee:
LicensecategoryasprovidedinPEMRARules:
LicensefeeRenewalLicensefeeRenewal
H
H1
HII
R
B
B1
B2
B3
B4
B5
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

40/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

B6
B7
B8
B9
B10
7,500
10,000
25,000
5,000
5,000
30,000
40,000
50,000
75,000
87,500
175,000
262,500
437,500
700,000
875,500
10,000
15,000
30,000
30,000
40,000
50,000
60,000
75,000
100,000
150,000
200,000
300,000
500,000
800,000
900,000
7,500
10,000
25,000
5,000
5,000
30,000
40,000
50,000
75,000
87,500
175,000
262,500
437,500
700,000
875,500
10,000
15,000
30,000
30,000
40,000
50,000
60,000
75,000
100,000
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

41/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

150,000
200,000
300,000
500,000
800,000
900,000
9236J
AdvanceTaxonDealers,CommissionAgentsandArhalis,
etc.
TaxperAnnum
TaxperAnnum
(DivXVIIofPartIVofFirstSchedule)
GrouporClassA
GrouporClassB
GrouporClassC
AnyotherCategory
10,000
7,500
5,000
5,000
10,000
7,500
5,000
5,000
RelatedLegal
Provisions
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
A.Qadir&Company
RelatedLegalProvisions
1.Paymentoftaxcollectedordeducted
Section160oftheIncomeTaxOrdinance,2001readwithRule43oftheIncomeTaxRules,2002
Asrequiredundersection160andundertheSixthScheduletotheOrdinance,thetaxcollectedor
deductedunderDivisionIIor
DivisionIIIofPartVofChapterXoftheOrdinance,ChapterXIIoftheOrdinanceorSixthScheduleto
theOrdinanceshallbepaidto
theCommissionerbywayofcredittotheFederalGovernment,
(a)wherethetaxhasbeencollectedordeductedbytheFederalGovernmentofaProvincialGovernment
onthedaythetax
wascollectedordeductedor
(b)wherethetaxhasbeencollectedordeductedbyapersonotherthantheFederalGovernmentora
Provincial
Government,byremittancetotheGovernmentTreasuryordepositinanauthorizedbranchoftheState
BankofPakistan
ortheNationalBankofPakistan,withinsevendaysfromtheendofeachweekendingoneverySunday.
2.Filingofmonthlystatements:
Section165(2)oftheOrdinance,2001readwithRule44oftheRules
EveryprescribedpersoncollectingtaxunderDivisionIIofthisPartofChapterXIIordeductingtaxfrom
apaymentunderDivision
IIIofthisPartorChapterXIIshallfurnishorefilestatementsundersubsection(1)bythe15thdayof
themonthfollowingthe
monthtowhichthewithholdingtaxpertains.
3.Filingofannualstatement:
Section165(6)oftheOrdinancereadwithRule44oftheRules
Everypersondeductingtaxfrompaymentundersection149shallfurnishtotheCommissioneranannual
statementinthe
prescribedformandmanner.
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
A.Qadir&Company
4.Failuretopaytaxcollectedordeducted
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

42/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

Section161(1)oftheOrdinance
Whereaperson
(a)failstocollecttaxasrequiredunderDivisionIIofthisPartorChapterXIIordeducttaxfroma
paymentasrequiredunder
DivisionIIIofthisPartorChapterXIIorasrequiredundersection50oftherepealedOrdinanceor
(b)havingcollectedtaxunderDivisionIIofthisPartorChapterXIIordeductedtaxunderDivisionIIof
thisPartorChapterXII
ordeductedtaxunderDivisionIIIofthisPartorChapterXIIfailstopaythetaxtotheCommissioneras
requiredunder
section160,orhavingcollectedtaxundersection50oftherepealedOrdinancepaytothecreditofthe
Federal
Governmentasrequiredundersubsection(8)ofsection50oftherepealedOrdinance,
thepersonshallbepersonallyliabletopaytheamountoftaxtotheCommissionerwhomaypassanorder
tothateffectand
proceedtorecoverthesame.
5.OffencesandPenalties
Serial(1A)and(15)ofSection182(1)oftheOrdinance
Anypersonwhocommitsanyofficespecifiedincolumn(2)oftheTablebelowshall,inadditiontoand
notinderogationofany
punishmenttowhichhemaybeliableunderthisOrdinanceoranyotherlaw,beliabletothepenalty
mentionedagainstthat
offenceinColum(3)thereof:
ComparativetableofWithholdingtaxratesfortheTaxYears2014and2015
A.Qadir&Company
S.
No.
OffencesPenalties
Sectionofthe
Ordinancetowhich
offencehas
reference.
(1)(2)(3)(4)
1A.Whereanypersonfailstofurnishastatement
asrequiredundersection115,165or165A
withinthedue*[date].
*theworddateinbracketinsertedbyus,
whichappearstobemissing.
SuchpersonshallpayapenaltyofRs.2500
foreachdayofdefaultsubjecttoa
minimumpenaltyoffiftythousandrupees.
115,165and165A
15.anypersonwhofailstocollectordeducttaxas
requiredunderanyprovisionofthisOrdinance
orfailstopaythetaxcollectedordeductedas
requiredundersection160.
suchpersonshallpayapenaltyoftwenty
fivethousandrupeesorthe10%ofthe
amountoftaxwhicheverishigher.
148,149,150,151,
152,153,153A,154,
155,156,156A,
156B,158,160,
231A,231B,233,
233A,234,234A,
235,236,236A.
6.DefaultSurcharge
Section205(3)oftheOrdinance
Apersonwhofailstocollecttax,asrequiredunderDivisionIIofPartVofthisChapterorChapterXIIor
deducttaxasrequired
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

43/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

underDivisionIIIofPartVofthisChapterorChapterXIIorfailstopayanamountoftaxcollectedor
deductedasrequiredunder
section160onorbeforetheduedateforpaymentshallbeliablefordefaultsurchargeatarateequalto18
percentperannumon
theamountunpaidcomputedfortheperiodcommencingonthedatetheamountwasrequiredtobe
collectedordeductedand
endingonthedateonwhichitwaspaidtotheCommissioner:
Providedthatifthepersonoptstopaythetaxdueonthebasisofanorderundersection129onorbefore
theduedategivenin
thenoticeundersubsection(2)ofsection137issuedinconsequenceofthesaidorderanddoesnotfile
anappealunder
section131,heshallnotbeliabletopaydefaultsurchargefortheperiodbeginningfromthedateoforder
undersection161to
thedateofpayment.
A.Qadir&Company
Filingofmonthlystatements:
Section165(2)oftheIncomeTaxOrdinance,2001readwithRule44oftheIncomeTaxRules,2002
EveryprescribedpersoncollectingtaxunderDivisionIIofthisPartofChapterXIIordeductingtaxfrom
apaymentunderDivisionIIIofthisPart
orChapterXIIshallfurnishorefilestatementsundersubsection(1)bythe15thdayofthemonth
followingthemonthtowhichthe
withholdingtaxpertains.
Filingofannualstatement:
Section165(6)oftheIncomeTaxOrdinance,2001readwithRule44oftheIncomeTaxRules,2002
Everypersondeductingtaxfrompaymentundersection149shallfurnishtotheCommissioneranannual
statementintheprescribedform
andmanner.
Paymentoftaxcollectedordeducted
Rule43oftheIncomeTaxRules
Asrequiredundersection160andundertheSixthScheduletotheOrdinance,thetaxcollectedor
deductedunderDivisionIIorDivisionIIIof
PartVofChapterXoftheOrdinance,ChapterXIIoftheOrdinanceorSixthScheduletotheOrdinance
shallbepaidtotheCommissionerby
wayofcredittotheFederalGovernment,
(a)wherethetaxhasbeencollectedordeductedbytheFederalGovernmentofaProvincialGovernment
onthedaythetaxwascollected
ordeductedor
(b)wherethetaxhasbeencollectedordeductedbyapersonotherthantheFederalGovernmentora
ProvincialGovernment,by
remittancetotheGovernmentTreasuryordepositinanauthorizedbranchoftheStateBankofPakistan
ortheNationalBankof
Pakistan,withinsevendaysfromtheendofeachweekendingoneverySunday.
Disclaimer
Thisdocumenthasbeenprepared/compiledonthebasisofinformationavailableundertheIncomeTax
Ordinance,2001.A.Qadir&Companydoesnotguaranteeor
warranttheaccuracy,reliability,completenessorcurrencyoftheinformationinthisdocumentnorits
usefulnessinachievinganypurpose.Readersareresponsiblefor
assessingtherelevanceandaccuracyofthecontentsofthisdocument.Wewouldnotbeliableforany
loss,damage,costorexpenseincurredorarisingbyreasonof
anypersonusingorrelyingoninformationinthisdocument.
A.Qadir&Company
Advocates,Taxation&CompanyLawConsultants
206,BusinessArcade,Block6,P.E.C.H.S.,
ShahraheFaisal,Karachi
Phone:+92(21)343151635
Fax:+92(21)34314731
Email:aqmemon@cyber.net.pk
4. muhammadshafiqsays:
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

44/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

11/26/2014at12:59PM
imallsaleandincometaxreturnsummitionplzanyproblmforcontactme
mymail:muhammad.shafiq@y7mail.com
5. headmastersays:
11/22/2014at11:42AM
mytotalsalaryincomeisRs.5,83290/afteralldeductionsmynetincomeisRs.3,30,000.
IsitapplicabletogetrebateofRs.2000tome?
Pleaseclarifymydoubt.
6. ssudarshanasays:
11/14/2014at7:15AM
AjayKapoor:Whatisthatyouwant.?!
7. AJAYKAPOORsays:
11/13/2014at2:41PM
pleasegivetheanswersofquestionno8,9,14
8. AJAYKAPOORsays:
11/13/2014at2:40PM
PLEASEGIVETHEANSWERSOFQUESTIONNO8,9,14ASEARLYASPOSSIBLE.
THEABOVEQUESTIONSAREMENTIONEDATSRNO8,9,14
9. ssudarshanasays:
11/09/2014at8:07AM
DearVSNarayana,Noneedtofileasyourtaxableincomeislessthan3.00lakhs.
10. hanusinghsays:
11/08/2014at6:31PM
somthingchangeinrate
11. V.S.Narayansays:
11/08/2014at11:47AM
Myincometaxableiswith3lacsfortheyear14/15ay16
Iamseniorcitizenof74yearswhetherIshouldfileITreurn?
12. TusharRathodsays:
10/30/2014at5:58PM
IhavePPFaccountinmynameandmywifename,aswellwehavetwokids,kindlysuggestus,canwe
investuptomaximumlimitinallfouraccountsorwecaninvestonlyjointlyuptomaximumlimitone
childundereachparent.Imeanfatherplusonechildandmotherplusonechild.Kindlyletusknowwhats
therightmethod.
13. sudarshanasays:
10/18/2014at10:48AM
MrS.R.ChowdharyandMrRaj:ruleis:
87A.Anassessee,beinganindividualresidentinIndia,whosetotalincomedoesnotexceedfivehundred
thousandrupees,shallbeentitledtoadeduction,fromtheamountofincometax(ascomputedbefore
allowingthedeductionsunderthisChapter)onhistotalincomewithwhichheischargeableforany
assessmentyear,ofanamountequaltohundredpercentofsuchincometaxoranamountoftwo
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

45/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

thousandrupees,whicheverisless.Seemoreat:http://taxguru.in/incometax/availabilityrebate87afy
201415ay201516.html#comment1247752
Thisistherethisyearalsoandonlytothosewhosetataltaxableincomeislessthanorequalto
Rs.5,00,000/only.
14. subhraroychowdhurysays:
10/17/2014at2:51PM
whatistheamountdeductablefromthenettaxablesalary..?????asitwas2000inthepreviousf.y..
15. Rajsays:
10/02/2014at7:37AM
thisyearAy20152016fy201415taxcredit2000/isthereornot?
16. AnantPundlesays:
09/06/2014at6:02PM
IthinkRebateundersection87Aisapplicabletothosetaxpayerswhose
CHARGEABLEINCOMEi.e.TaxableIncomeandnotTOTALINCOMEislessthanorequalto
500000/
ItisalsoIbelievevalidforAY201516also.
17. ArpitSinghsays:
09/03/2014at2:28PM
DearSir,Pleasetillmemaximumamountpaidtoasubcontractorinonefinancialyear
18. narayansomanisays:
08/21/2014at3:54PM
OurPresidentassentednewfinancebill2014on06.08.14butiamshockedtoseeonpg.no.38of
financeact2014thatthereisnochangesinincometaxslabfrompreviousyeari.e.noincrementinslab
byRs.50000/proposedinfinancebillitsnotcleartomewhen&whyitwashappened??
19. ssudarshanasays:
08/15/2014at9:30PM
Mr.AbhayJain,itistaxfree.
20. vijaysays:
08/14/2014at4:24PM
dearSir,
kindlyletusknowthetaxbenefitofVarishtpensionBimaYojna(LIC)
thepensionistaxable?
21. AbhayJainsays:
08/13/2014at4:21PM
MymotherhasexpiredandIamthenomineeinherbanksaccountssoIreceived1.5lacbyDDafter
closureofbankaccountsand1laccashamountfromherhome(withoutanypaperwork).
Pl.letmeknowhowmayIshowthisamountinmyincomeunderwhichsectionandwheatheritistax
freeortaxable?
(AbhayJain)
22. ssudarshanasays:
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

46/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

08/06/2014at3:46PM
SriC.L.Srivastava:201415AYmeans101314FY.Caclucatoriscorrect.Newratescomesintoeffect
fromthisfinancialyear,i.e.201415FYor201516AY.
Alam:Bothcanbeused.OnewhocanuseITR1canuseITR2also.Tomakethemattersimple,ifyou
haveonlyonehouse/houseincome/nohouseandincomeisfromsalary/pensionanddepositinterestsITR
1willsuffice.Ifyouhavemorethanonehousingproperty,incomefromSTCG/LTCGyouhavetouse
ITR2.
23. Alamsays:
08/06/2014at1:22PM
Sir,
kindlygivemethecoorectsuggestionwhichformrequiredtobefilledbySalaried/pensionEmployee.
BecauseinyourArticleITR1&ITR2bothformforSalaried/pensionemployee.Clarify
24. SHRENIKSHAHsays:
07/28/2014at12:42PM
Siristhebasicexemptionlimitofincometaxisincreasedduringthebudgetdiscussionintheparliament
fortheyear201415?Ifyescanyouprovidethenewrates?
25. SURAJITsays:
07/25/2014at12:23PM
RespectedSir,
IsitnecessaryforsubmitreturnfileforallTaxpayer.Ifhisincomewithin5,00,000/inayear.

Please
tellmetheruleswithsectionfortheF.Y201314and201415.
26. CA.KACHAMSHEKHARsays:
07/18/2014at3:28PM
IDONOTUNDERSTANDWHYTHEREISSOMUCHCONVERSATIONWITHREGARDTO
SECTION87A.ASITISNOTDELETEDFROMTHEACTASPERTHEFINANCEBILL,REBATE
U/S87AWILLBEAVAILABLEFORTHEAY201516TOOANDFOLLOWINGASSTYEARS.
27. C.L.SRIVASTAVAsays:
07/17/2014at7:04PM
INA.Y.201415FORINDIVIDUALINCOMETAXRETURNFILING,YOURFORMATIS
CALCULATINGTAXAFTERRS.2,20,000/PLEASECONFIRMTHISANDWENOTMAYBNE
ABLETOCORRECTFILING
28. pschauhansays:
07/15/2014at9:37PM
SEC87AISNOTEXCLUDEDFRITBUDGET.ITHINKTHISBENEFITISALSOAPPLICABE
FORAY20516
29. ssudarshanasays:
07/14/2014at11:58AM
Section87Aisavailablefor201415FYalso.TheconcessionofIncomeTaxuptoRs.2000/isonlyfor
thosewhosetaxableincomeislessthan5.00lakhs.
30. Sampadmajeesays:
07/14/2014at12:08AM
87AapplicableforAY201516ornot
31. devekasays:
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

47/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

07/12/2014at4:28PM
2000rebateisapplicableornotforcurrentfinancialyearsomeauthorsaysitisapplicablepleasehelpi
wantdeducttaxonmyofficestaff
32. CARishikantSharmasays:
07/12/2014at11:32AM
DearAll
OnanalysisofBudget2014andInterpretationofsection87A,itisconcludedthatRebateu/s87Aupto
Rs2000/willbeallowedforAY201516forresidentindividualshavingTotalIncomeuptoRs.
500000/.
Barereadingofsection87Aisasfollows:
Rebateoneducationalexpensesincertaincases.
87A.
Anassessee,beinganindividualresidentinIndia,whosetotalincomedoesnotexceedfivehundred
thousandrupees,shallbeentitledtoadeduction,fromtheamountofincometax(ascomputedbefore
allowingthedeductionsunderthisChapter)onhistotalincomewithwhichheischargeableforany
assessmentyear,ofanamountequaltohundredpercentofsuchincometaxoranamountoftwo
thousandrupees,whicheverisless.
33. jhanishasays:
07/12/2014at9:38AM
Asitisnotspecificallydeclaredthatrebateofrs2000wilnotbeapplicableforAY201516andonward
itseemsthatrebatewillcontinuetoapply.
34. MuralikrishnanSsays:
07/11/2014at9:35PM
ThebudgetrissilentaboutRs.2000/fortheassesseeswhoseincomesinotexceedingRs.5lacs,The
FinanceMinistryhastoclarifythispoint.
35. agnelsequeirasays:
07/11/2014at4:42PM
Isrs2000/deductionontotaltaxstillapplicable
36. CARishikantSharmasays:
07/11/2014at4:15PM
Rebateoneducationalexpensesincertaincases.
87A.
Thefollowingsection87Ashallbeinsertedaftersection87bytheFinanceAct,2013,w.e.f.142014:
Rebateofincometaxincaseofcertainindividuals.
87A.Anassessee,beinganindividualresidentinIndia,whosetotalincomedoesnotexceedfivehundred
thousandrupees,shallbeentitledtoadeduction,fromtheamountofincometax(ascomputedbefore
allowingthedeductionsunderthisChapter)onhistotalincomewithwhichheischargeableforany
assessmentyear,ofanamountequaltohundredpercentofsuchincometaxoranamountoftwo
thousandrupees,whicheverisless.
&&&&&&inBudget2014,despiteofanyclarification&alsospecificallynotommited..
HenceitseemsSec87AwillbeeligibleforAY201516also.
37. Nitinsays:
07/11/2014at12:45PM
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

48/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

Whataboutsection87A?
Willitcontinuefor201516?
38. jmwasdevsays:
07/11/2014at12:36PM
Doessec87Astaysforthosewhosetotalincomeis500000/orless?
39. Dineshsays:
07/11/2014at12:22PM
Section87Awillcontinueornotanyclarification
40. S.Murugesansays:
07/11/2014at11:20AM
Dearsir,
thisyearAy20152016fy201415taxcredit2000/isthereornot?
plreply
41. skSINHAsays:
07/11/2014at10:40AM
DearSir/Madam,
DuetosomethingerrorshowingforIncomeTaxslabchartF.y.20142015sl.(ii)
sokindlycorectionthesame.
42. ssudarshanasays:
07/11/2014at10:12AM
ThetablecontradictsitselfwhenitsaysthetaxpayableisforamountexceedingRs.2,00,000/=upto5.00
lakhsis10%,whilethereisaniltaxupto2,50,000/=.Thisissointwotables.
Mr.SandeepKanoishouldclarifyorcorrectplease.

LeaveaReply
Name(required)
Mail(willnotbepublished)(required)
Website

SubmitComment

Notifymeoffollowupcommentsbyemail.
Notifymeofnewpostsbyemail.
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

49/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

SearchTaxguru
GETFREETAXUPDATESVIAEMAIL
EnterYourEmail..

Subscribe

Senior Citizen Mediclaim

mediclaimindia.co.in/Senior_Citizen

Why Compromise on Medical expense Get Best Health

Insurance. Compare!

Maximum 80C Benefits

ADIT
Royal Sundaram Car
RecentPosts
IssueofsharesunderCompaniesAct2013byPrivateLimitedCompanies
AnomalyinDefinitionofFreeReservesunderCompaniesAct,2013
ListofformsunderCompaniesAct,2013
Advertisementexpensecannotbedisallowedmerelybecausesamewereexorbitant
PKsviewonIndianTaxsystem.Enjoyit!
ReadAllRecentNews
Taxguru.In
Like

18,309peoplelikeTaxguru.In.

Facebooksocialplugin

IncomeTaxCalculator
TaxTables
InterestRateCalculator

FeaturedPosts
IncomeTaxReturn&otherdetailsexemptfromRTIDelhiHC
WhethersecurityprovidedbygovernmentfromterroristsliabletoSERVICETAX?
HusshFinallyIncomeTaxReturnefiledNowFaceRevampedIncomeTaxDepartment
http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

50/51

12/30/2014

IncomeTaxRateChartforAY201516/FY201415

DelayinpaymentOFTDSforonedayInterestchargeability@3%INJUSTICETOASSESSEE
Invitationtojointaxguru.inpanelofAuthors/SubmitArticles
CompliancesForListedCompanyUnderCompaniesAct2013
5Mistakesmakeyourworkplacetheworstplace
KisanVikasPatraIsitatooltoconvertBlackMoneyintoWhite?
ReadAllFeaturedNews

PopularPosts
7ThirdPartySourcesCBECusesfordetectionoftaxevaders
ListofCAsissuingmorethan400TAR18.87%CAsissuedmorethan45TaxAuditReportCAG
IncomeTaxCalculatorFY201415/AY201516
IncomeTaxRateChartforAY201516/FY201415
PublicProvidentFund(PPF)InvestmentLimit,Incometaxbenefit
Deductionu/s.80Cfortuition/school/educationfees
FAQonHousingLoan&Incometaxbenefit
HouseRentAllowance(HRA)Taxability&calculation

CopyrightTaxGuru2014.AllRightsReserved.
AboutUsAdvertisePrivacyPolicyDisclaimer

http://taxguru.in/incometax/incometaxratechartassessmentyear201516financialyear201415.html

51/51