After Tax Card Rates of income from salary and income from property, Now we’ll see Tax Card Rates of other sources of income.
Income From Non-Salaried Individual and AOP
Non-Salaried Individual & AOP-TY: 2018-19 |
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| Sr. # | Taxable Income | Tax Rate |
| 1. | Where the taxable income does not exceed Rs. 400,000 | 0% |
| 2. | Where the taxable income exceeds Rs. 400,000 does not exceed Rs. 800,000 | 1000/- |
| 3. | Where the taxable income exceeds Rs. 800,000 does not exceed Rs. 1,200,000 | 2000/- |
| 4. | Where the taxable income exceeds Rs. 1,200,000 does not exceed Rs. 2,400,000 | 5% of the amount exceeding Rs. 1,200,000 |
| 5. |
Where the taxable income exceeds Rs.2,400,000 but does not exceed Rs. 4,800,000 |
Rs. 60,000 + 10% of the amount exceeding Rs.2,400,000 |
| 6. | Where the taxable income exceeds Rs.4,800,000 | Rs. 300,000 + 15% of the amount exceeding Rs.4,800,000 |
Non-Salaried Individual & AOP-TY: 2019-20 |
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| Sr. # | Taxable Income | Tax Rate |
| 1. | Where the taxable income does not exceed Rs. 400,000 | 0% |
| 2. | Where the taxable income exceeds Rs. 400,000 does not exceed Rs. 600,000 | 5% of the amount exceeding Rs. 400,000 |
| 3. | Where the taxable income exceeds Rs. 600,000 does not exceed Rs. 1,200,000 | 10,000+10% of the amount exceeding Rs. 600,000 |
| 4. | Where the taxable income exceeds Rs. 1,200,000 does not exceed Rs. 2,400,000 | 70,000+15% of the amount exceeding Rs. 1,200,000 |
| 5. |
Where the taxable income exceeds Rs.2,400,000 but does not exceed Rs.3,000,000 |
250,000+20% of the amount exceeding Rs. 2,400,000 |
| 6. |
Where the taxable income exceeds Rs.3,000,000 but does not exceed 4,000,000 |
370,000+25% of the amount exceeding Rs. 3,000,000 |
| 7. |
Where the taxable income exceeds Rs.4,000,000 but does not exceed 6,000,000 |
620,000 + 30% of the amount above 4,000,000 |
| 8. |
Above 6,000,000 |
1,220,000+35% of the amount above 6,000,000 |
Income From Business
| Sr. # | Tax Year | Tax Rate |
Tax Rate of Small Companies |
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| 1. | 2019 | 24% |
| 2. | 2020 | 23% |
| 3. | 2021 | 22% |
| 4. | 2022 | 21% |
| 5. | 2023 | 20% |
Tax Rate of Big Companies |
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| 1. | 2019 & Onwards | 29% |
Capital Gain
Capital Gain Rate- Immovable Property after 01-07-2016 upto 30-06-2020 |
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| Sr. # | Taxable Income | Tax Rate |
| 1. | Where holding period of immovable property is upto one year | 10% |
| 2. | Where holding period of immovable property is more than one year but less than two years | 7.5% |
| 3. | Where holding period of immovable property is more than two years but less than three years | 5% |
| 4. | Where holding period of immovable property is more than three years | 0% |
Income From Other Sources
Other sources are:
- Dividend
- royalty
- Prize Bond
- profit on debt and many more sources.
For example Profit on Debt Section 151
If profit on debt does not exceed Rs.500,000 10%
If profit on debt exceeds Rs. 500,000 15%
Other sources Information will be provided on demand. email us: paypaktax@gmail.com