Tax Cards for tax year 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023 consists of tax rates for above mentioned tax years.
Tax rates are given here along with sections, description of section, rates of tax, type of taxation ( minimum tax, advance tax, or final tax ) etc.,
These tax rates are described here under different sections of the Income Tax Ordinance, 2001. Tax rates are sometimes changed every year according to the Finance Act of the particular tax years.
These tax rates are mostly used at the time of deductions of tax when we pay to employees against salaries, and suppliers / service providers against supply of goods and services.
We also use tax rates when prepare for annual income tax returns working and computations for different tax years.
