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Deduction or Collection of Tax at Source Pakistan

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Tax at source means the deduction or collection of tax when income is generated. In some countries it is called as PAYE (Pay as you earn) and also known as Withholding tax. This slides include different section.
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Deduction or Collection of Tax at Source Pakistan

  1. 1. DEDUCTION ORCOLLECTION OF TAX ATSOURCE
  2. 2. Sec. 148 Rate5% of the value of goods Exemption LimitNIL Status of Payment or DeductionFinal Discharge Tax Withholding AgentCollector of customs Time of DeductionClearness of goodsAll imports expect taxable at reducedtax rates
  3. 3. Sec. 148 Rate3 % of the value of goods Exemption LimitNIL Status of Payment or DeductionAdjustable in case of personal use Tax Withholding AgentCollector of customs Time of DeductionClearness of goodsImport of raw material by an industrialundertaking for its own use
  4. 4. Sec. 149 Rateaverage rate of tax Exemption LimitRs 3,50,000 Status of Payment or DeductionAdjustable Tax Withholding AgentEmployer Time of DeductionPaymentSalary
  5. 5. Sec. 150 RateGeneral rate 10%, 7.5% if declared by purchaser of a power projectprivatized by WAPDA, 7.5 % if declared by a company set up for powergeneration Exemption LimitNil Status of Payment or DeductionFinal Discharge Tax Withholding AgentPerson paying dividend Time of DeductionPaymentDividends
  6. 6. Sec. 151 Rate10% of gross amount of yield as reduced by zakat paid Exemption LimitDeposited does not exceed 150,000 Status of Payment or DeductionFinal Discharge Tax Withholding AgentPerson paying dividend Time of DeductionPaymentProfit on Debt(yield onan account, deposite or certificate
  7. 7. Sec. 151 Rate10% of the profit paid as reduced by zakat paid Exemption LimitMonthly installments of the amount does not exceed 1000 P.M Status of Payment or DeductionFinal Discharge Tax Withholding AgentPerson paying dividend Time of DeductionPaymentProfit on Debt(monthlyincome saving account)
  8. 8. Sec. 151 Rate10% of gross amount of profit after zakat deducted Exemption LimitMonthly installments of the amount does not exceed 1000 P.M Status of Payment or DeductionFinal Discharge Tax Withholding AgentFederal govt, local govt,banking co, or financial institution Time of DeductionPaymentProfit on Debt(profit onsecurity other then those mentionedunder s.no 1 above)
  9. 9. Sec. 151 Rate10% of gross amount of yield as reduced by zakat paid Exemption LimitMonthly installments of the amount does not exceed 1000 P.M Status of Payment or DeductionFinal Discharge Tax Withholding AgentFederal govt, local govt,banking co, or financial institution Time of DeductionPaymentProfit on Debt (profit onaccount or deposited with bankingcompany or financial institution)
  10. 10. Sec. 151 Rate10% of gross amount of yield as reduced by zakat paid Exemption Limitnil Status of Payment or DeductionFinal Discharge Tax Withholding Agentpayer Time of DeductionPaymentProfit on Debt (profit onbonds,certificate,debenture)
  11. 11. Sec. 151 Rate10% of gross amount of yield as reduced by zakat paid Exemption Limitnil Status of Payment or DeductionFinal Discharge Tax Withholding Agentpayer Time of DeductionPaymentProfit on Debt (profit onsecurity issued by federal govt orprovisional govt or a local govt)
  12. 12. Sec. 152(1) Rate15% of the gross amount paid Exemption Limitnil Status of Payment or DeductionFinal Discharge Tax Withholding Agentpayer Time of DeductionPaymentRoyalty, fee for technical services tonon resident)
  13. 13. Sec. 152(1) Rate6% of the gross amount Exemption Limitnil Status of Payment or DeductionFinal Discharge Tax Withholding Agentpayer Time of DeductionPaymentpayment to non resident forconstruction, services or advertisementcontract by satellite channels
  14. 14. Sec. 152(1A) Rate5% of the gross amount Exemption Limitnil Status of Payment or DeductionFinal Discharge Tax Withholding Agentpayer Time of DeductionPaymentpayment of insurance
  15. 15. Sec. 152 Rate10% of the gross amount Exemption Limitnil Status of Payment or DeductionFinal Discharge Tax Withholding Agentpayer Time of DeductionPaymentpayment for advertisement
  16. 16. Sec. 152(1a) Rate20% of the gross amount paid Exemption Limitnil Status of Payment or Deductionadjustable Tax Withholding Agentpayer Time of DeductionPaymentAll other payment to non-resident
  17. 17. Sec. 152(2a) Rate3.5% of the gross amount payable Exemption Limitnil Status of Payment or Deductionadjustable Tax Withholding Agentpayer Time of DeductionPaymentpayment to payment of nonestablishment(for sale of goods)
  18. 18. Sec. 152(2a) Rate2% of the gross amount payable of transport services, or any otherservices 6% of gross amount payable Exemption Limitnil Status of Payment or Deductionadjustable Tax Withholding Agentpayer Time of DeductionPaymentpayment to payment of nonestablishment(for rendering orproviding of services )
  19. 19. Sec. 152(2a) Rate6% of the gross amount payable Exemption Limitnil Status of Payment or Deductionadjustable Tax Withholding Agentpayer Time of DeductionPaymentpayment to payment of nonestablishment (for execution ofcontracts )
  20. 20. Sec. 153 Rate1.5% of the gross amount Exemption Limit25,000 p.m Status of Payment or DeductionTax deducted or collected at source Tax Withholding Agent Time of DeductionPaymentSale of goodsa)Sale of cotton, rice seed or oil.
  21. 21. Sec. 153A Rate0.5% of the gross amount of sales Exemption LimitNil Status of Payment or Deductionadjustable Tax Withholding AgentEvery manufacture Time of DeductionsaleSale to distributer,dealers,and wholesales by a manufacturer
  22. 22. Sec. 154(1) Rate1% of the proceeds of export Exemption LimitNil Status of Payment or DeductionFinal discharge Tax Withholding AgentAuthorisez dealer in forigen exchange Time of DeductionExport proceeds realization or at the time of export of goods if made by anundertaking in EPZExport proceeds realization
  23. 23. Sec. 154(2) Rate5% of the commission due Exemption LimitNil Status of Payment or DeductionFinal discharge Tax Withholding AgentAuthorizes dealer in foreign exchange Time of DeductionExport proceeds realization or at the time of export of goods if made by anundertaking in EPZRealization of commission due to anindenting agent
  24. 24. Sec. 154(3) Rate1% of the proceeds of export Exemption LimitNil Status of Payment or DeductionFinal discharge Tax Withholding AgentBanking company Time of DeductionRealization of a sale of goods to anexporter under an inland back to backL/C
  25. 25. Sec. 154(3a) Rate1% of the proceeds of export Exemption LimitNil Status of Payment or DeductionFinal discharge Tax Withholding AgentExport processing zone authority Time of Deductionexport of goods by an industrial undertaking located in EPZ
  26. 26. Sec. 155 RateAs per Rate of “ Income From Property “ Exemption LimitNil Status of Payment or DeductionAdjustable Tax Withholding AgentF G, PG, Local Govt., NPO, diplomatic mission of a foreign state & anyother person notified by the FBR Time of DeductionPaymentRent ( including rent of furniture & fixture) & servicesrelating to property
  27. 27. Sec. 156 Rate10% On Prize of a Prize Bond and Crossword Puzzle20% On all other prizes and winnings Exemption LimitNIL Status of Payment or DeductionFinal Discharge Tax Withholding AgentPerson making Payment Time of DeductionpaymentPAYMENT OF PRIZES AND WINNINGS
  28. 28. Sec. 156 Rate10% On Prize of a Prize Bond and Crossword Puzzle20% On all other prizes and winnings Exemption LimitNIL Status of Payment or DeductionFinal Discharge Tax Withholding AgentPerson making Payment Time of DeductionpaymentPAYMENT OF PRIZES AND WINNINGS
  29. 29. Sec. 156 A Rate10% of amount of commission Exemption LimitNIL Status of Payment or DeductionFinal Discharge Tax Withholding AgentPerson Selling The product Time of DeductionpaymentSale of Petroleum Product to Petrol Pump Operator
  30. 30. Sec. 156 B RateAverage rate of tax on the taxable income of three preceding years Exemption LimitYes Status of Payment or DeductionAdjustable Tax Withholding AgentPension Fund Manager Time of DeductionPayment from individual pension accountWithdrawal of balance under pension funds
  31. 31. Sec. 231 A Rate0.2% of cash Withdrawal Exemption LimitRs. 50, 000 per day Status of Payment or DeductionAdjustable Tax Withholding AgentBanking company Time of DeductionWithdrawal of cashCash withdrawal from bank
  32. 32. to whom sale of any instrument is made againstcash paymentIncluding Demand Draft, Pay Order, Call Deposit Receipt (CDR),Short Term Deposit Receipt (STDR), Security DepositReceipt (SDR), Rupee Travelers Cheque (RTC) or anyother instrument of bearer natureExcluding Inter-bank or intra-bank transferwho transfer any sum against cash throughonlinetransfer, telegraphic transfer, mail transfer or any other mode ofelectronic transferSec. 231 AA
  33. 33. Sec. 231 AA Rate0.30% of Transaction Exemption LimitYes Status of Payment or DeductionAdjustable Tax Withholding Agent Banking Company Non-banking financial institution Exchange Company Any authorized dealer of foreign exchange Time of DeductionAt the time of sale of instrument or transfer
  34. 34. Purchase of New Motor Carup to 850cc Rs. 7,500851cc to 1000cc Rs.10,5001001cc to 1300cc Rs.16,8751301cc to 1600cc Rs.16,8751601cc to 1800cc Rs.22,5001801cc to 2000cc Rs.16,875Above 2000cc Rs.50,000Sec. 231 B
  35. 35. Sec. 231 B Exemption LimitNil Status of Payment or DeductionAdjustable Tax Withholding Agent Manufacturer or authorized dealer Time of DeductionSale of car
  36. 36. Sec. 233 Rate10% of amount paid Exemption LimitNil Status of Payment or DeductionFinal Discharge Tax Withholding Agent Federal Government Provincial Government Local Government Company Association of persons Time of DeductionPaymentBROKERAGE AND COMMISSION
  37. 37. Sec. 233A Rate0.1% of Purchase and sale value Exemption LimitNil Status of Payment or DeductionAdjustable Tax Withholding AgentCommission EarnedIncome Member if Stock ExchangeCommission on Purchase of ShareCommission on sale of share
  38. 38. Sec. 233AA Rate10% of Cary over trades (badla) Exemption LimitNil Status of Payment or DeductionAdjustable Tax Withholding AgentNCCPLMARGIN FINANCING IN SHARE BUSINESS
  39. 39. MOTOR VEHICLE TAX In the case of goods transport vehicles - Re. 1 per kilogram of theregistered laden weight(FINAL DISCHARGE) In the case of passenger transport vehicles plying for hire with registeredseating capacity of(a) Four or more persons but less thanten persons.Rs. 25 per seatper annum(b) Ten or more persons but less thantwenty persons.Rs.60 per seatper annum(c) Twenty persons ore more.Rs.100 perseat per annum(ADJUSTABLE)Sec. 234
  40. 40. MOTOR VEHICLE TAX Cont.Other private motor cars with enginecapacity of—(a) Up to 1000cc. Rs. 750(b) 1001cc to 1199 cc. Rs. 1,250(b) 1200cc to 1299cc. Rs. 1,750(c) 1300cc to 1599cc. Rs. 3,000(d) 1600 cc to 1999cc Rs. 4,000(e) 2000cc and above. Rs. 8,000(ADJUSTABLE)Sec. 234
  41. 41. Sec. 234Exemption LimitNilTax Withholding AgentPerson Collecting the motor vehicle taxTime of DeductionCollection of motor vehicle taxMOTOR VEHICLE TAX
  42. 42. Sec. 234 A Rate4% of gas consumption Exemption LimitNil Status of Payment or DeductionFinal Discharge Tax Withholding AgentPerson preparing Gas consumption Bill Time of DeductionPayment of Gas BillSale of gas to CNG station
  43. 43. Sec. 235 Where the amount of electricity bill (a) does not exceed Rs. 400. Rs. 0 (b) exceeds Rs. 400 but does not exceed Rs. 600 Rs. 80 (c) exceeds Rs. 600 but does not exceed Rs. 800 Rs. 100 (d) exceeds Rs. 800 but does not exceed Rs. 1000 Rs. 160 (e) exceeds Rs. 1000 but does not exceed Rs. 1500 Rs. 300 (f) exceeds Rs. 1500 but does not exceed Rs. 3000 Rs. 350 (g) exceeds Rs. 3000 but does not exceed Rs. 4,500 Rs. 450 (h) exceeds Rs. 4500 but does not exceed Rs. 6000 Rs. 500 (i) exceeds Rs. 6000 but does not exceed Rs. 10000 Rs. 650 (j) exceeds Rs. 10000 but does not exceed Rs. 15000 Rs.1000 (k) exceeds Rs. 15000 but does not exceed Rs. 20000 Rs.1500 (l) exceeds Rs. 20000 10% of the billed amount for commercial consumers; and 5% of the billed amount for industrial consumersRECEIPT OF ELECTRICITY CONSUMPTION BILLS
  44. 44. Sec. 235 Exemption LimitExemption certificate from CIR is Produced Status of Payment or DeductionAdjustableOnly in case of companies Tax Withholding AgentPerson Preparing electricity bill Time of DeductionPayment of Electricity BillRECEIPT OF ELECTRICITY CONSUMPTION BILLS
  45. 45. Sec. 236Telephone where Monthly bill exceed 1000Rate: 10% of exceeding amount of bill Mobile and Prepaid Cards Sale of units through electronic medium orwhatever formRate: 10% of amount of bill or price ofprice of prepaid card or sale of units throughany electronic medium or whatever formTelephone Bills and Cards
  46. 46. Sec. 236 Exemption Limita. Federal Government;b. Provincial Government;c. Local Government;d. Foreign diplomat; Status of Payment or DeductionAdjustable Tax Withholding AgentPerson preparing telephone bill;Person issuing or selling prepaid cards for telephone Time of Deductionpayment of telephone billTelephone Bills and Cards
  47. 47. Sec. 236 A Rate5% of the grass sale price Exemption LimitNil Status of Payment or DeductionAdjustable Tax Withholding AgentPerson making sale Time of DeductionMaking saleSale of public auction, Awarding of any leaseincluding a lease of right to collect tolls, fees or otherlevies
  48. 48. Sec. 236 B Rate5% of the gross amount of air ticket Exemption LimitFederal Govt., Provincial Government, a person who presentsexemption certificates issued by CIR Status of Payment or DeductionAdjustable Tax Withholding AgentPerson preparing air ticket Time of DeductionPreparing air ticketPurchase of domestic air ticket
  49. 49. Sec. 236 C Rate0.5% of the gross amount of consideration received Exemption LimitFederal Government, Provincial Government, LocalGovernment Status of Payment or DeductionAdjustable Tax Withholding AgentPerson responsible for transfer Time of DeductionRegistering the transferRegistering or attesting the transfer of immovableproperty
  50. 50. THANK YOU

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