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  • Law of Income and RR

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    Muhammad Naeem
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    The Federal Board of Revenue issued withholding tax rates on income from property for Tax Year 2019. For individuals and associations of persons, the tax rate varies from 0% to 20% depending on the gross rental income amount. Rental income up to 200,000 rupees is taxed at 0%, while income exceeding 2,000,000 rupees is taxed at 20% of the amount over 2,000,000. Companies pay 15% tax if they are filers and 17.5% if they are non-filers.

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    The Federal Board of Revenue issued withholding tax rates on income from property for Tax Year 2019. For individuals and associations of persons, the tax rate varies from 0% to 20% depending on the gross rental income amount. Rental income up to 200,000 rupees is taxed at 0%, while income exceeding 2,000,000 rupees is taxed at 20% of the amount over 2,000,000. Companies pay 15% tax if they are filers and 17.5% if they are non-filers.

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    5 views1 page

    Law of Income and RR

    Uploaded by

    Muhammad Naeem
    The Federal Board of Revenue issued withholding tax rates on income from property for Tax Year 2019. For individuals and associations of persons, the tax rate varies from 0% to 20% depending on the gross rental income amount. Rental income up to 200,000 rupees is taxed at 0%, while income exceeding 2,000,000 rupees is taxed at 20% of the amount over 2,000,000. Companies pay 15% tax if they are filers and 17.5% if they are non-filers.

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    Withholding tax rates on income from property for

    Tax Year 2019


    KARACHI: Federal Board of Revenue (FBR) has issued rate of withholding tax
    to be collected on income from property during Tax Year 2019.
    The withholding agent is responsible for collecting under Section 155 of Income Tax
    Ordinance, 2001 from recipient of rent of immovable property at the time the rent is
    actually paid, according to withholding tax card for tax year 2019 issued by the FBR.

    Any payment made on account of rent of immovable property

    (A) In case of individual or AOP

    Where the gross amount of rent does not exceed Rs, 200,000: Nil

    Where the gross amount of rent exceeds Rs, 200,000 but does not exceed Rs, 600,000:
    5 percent of the gross amount exceeding Rs, 200,000

    Where the gross amount of rent exceeds Rs, 600,000 but does not exceed Rs,
    1,000,000: Rs, 20,000+10 percent of the gross amount exceeding Rs, 600,000

    Where the gross amount of rent exceeds Rs, 1,000,000 but does not exceed Rs,
    2,000,000: Rs,60,000+15 percent of the gross amount exceeding Rs, 1,000,000

    Where the gross amount of rent exceeds Rs, 2,000,000: Rs, 210,000+20 percent of the
    gross amount exceeding Rs, 2,000,000

    In case of company the tax rate shall be:

    Filer: 15 percent Non-Filer: 17.5 percent

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