March 2023

s per apnaqanoon,Salaried person would need to complete the Declaration form 114(I) in order to successfully submit their Income Tax Return. Persons who are deriving income only from salary and other sources, where salary is more than of Income can avail this condition according to pakistan qanoon

As per apnaqanoon a form on which a taxpayer makes an annual statement of income and personal circumstances, used by the tax authorities to assess liability for tax. “you are asked to fill in a tax return at the end of the year”

As per apnaqanoon zakat, Arabic an obligatory tax required of Muslims, one of the five Pillars of Islam. The zakat is applied on five categories of property—food grains; fruit; camels, cattle, sheep, and goats; gold and silver; and movable goods—and is payable each year after one year’s possession according to Islamic Qanoon

As per apnaqanoon(VAT)locally termed as ‘sales tax is ordinarily levied at 17% on the value of goods, unless specifically exempt or subject to sales tax at a reduced rate, after allowing related input credits according to Pakistani tax law/qanoon

As per apnaqanoon,Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may change by type of the taxpayer