Income Tax Ordinance 2001

2 articles

Pakistan Budget 2026-27: Proposed Salary Tax Rates for Salaried Individuals

The Finance Bill for the 2026‑27 budget proposes a reduction in income tax rates for salaried individuals. Most salaried taxpayers above Rs. 2.2 million in annual taxable income will enjoy a reduction…

June 17, 2026

Taxation

Section 21(s) of Income Tax Ordinance 2001: Disallowance of Expenses on Cash Receipts Over Rupees 200,000

The new amendment relates to the disallowance of business expenses under section 21s of the Income Tax Ordinance 2001. During assessment proceedings under section 122, if the FBR detects that a cash…

July 13, 2025