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. http://www.designsbee.com/
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Deduction or Collection of Tax at Source Pakistan
- 1. DEDUCTION OR COLLECTION OF TAX AT SOURCE
- 2. Sec. 148 Rate 5% of the value of goods Exemption Limit NIL Status of Payment or Deduction Final Discharge Tax Withholding Agent Collector of customs Time of Deduction Clearness of goods All imports expect taxable at reduced tax rates
- 3. Sec. 148 Rate 3 % of the value of goods Exemption Limit NIL Status of Payment or Deduction Adjustable in case of personal use Tax Withholding Agent Collector of customs Time of Deduction Clearness of goods Import of raw material by an industrial undertaking for its own use
- 4. Sec. 149 Rate average rate of tax Exemption Limit Rs 3,50,000 Status of Payment or Deduction Adjustable Tax Withholding Agent Employer Time of Deduction Payment Salary
- 5. Sec. 150 Rate General rate 10%, 7.5% if declared by purchaser of a power project privatized by WAPDA, 7.5 % if declared by a company set up for power generation Exemption Limit Nil Status of Payment or Deduction Final Discharge Tax Withholding Agent Person paying dividend Time of Deduction Payment Dividends
- 6. Sec. 151 Rate 10% of gross amount of yield as reduced by zakat paid Exemption Limit Deposited does not exceed 150,000 Status of Payment or Deduction Final Discharge Tax Withholding Agent Person paying dividend Time of Deduction Payment Profit on Debt(yield on an account, deposite or certificate
- 7. Sec. 151 Rate 10% of the profit paid as reduced by zakat paid Exemption Limit Monthly installments of the amount does not exceed 1000 P.M Status of Payment or Deduction Final Discharge Tax Withholding Agent Person paying dividend Time of Deduction Payment Profit on Debt(monthly income saving account)
- 8. Sec. 151 Rate 10% of gross amount of profit after zakat deducted Exemption Limit Monthly installments of the amount does not exceed 1000 P.M Status of Payment or Deduction Final Discharge Tax Withholding Agent Federal govt, local govt,banking co, or financial institution Time of Deduction Payment Profit on Debt(profit on security other then those mentioned under s.no 1 above)
- 9. Sec. 151 Rate 10% of gross amount of yield as reduced by zakat paid Exemption Limit Monthly installments of the amount does not exceed 1000 P.M Status of Payment or Deduction Final Discharge Tax Withholding Agent Federal govt, local govt,banking co, or financial institution Time of Deduction Payment Profit on Debt (profit on account or deposited with banking company or financial institution)
- 10. Sec. 151 Rate 10% of gross amount of yield as reduced by zakat paid Exemption Limit nil Status of Payment or Deduction Final Discharge Tax Withholding Agent payer Time of Deduction Payment Profit on Debt (profit on bonds,certificate,debenture)
- 11. Sec. 151 Rate 10% of gross amount of yield as reduced by zakat paid Exemption Limit nil Status of Payment or Deduction Final Discharge Tax Withholding Agent payer Time of Deduction Payment Profit on Debt (profit on security issued by federal govt or provisional govt or a local govt)
- 12. Sec. 152(1) Rate 15% of the gross amount paid Exemption Limit nil Status of Payment or Deduction Final Discharge Tax Withholding Agent payer Time of Deduction Payment Royalty, fee for technical services to non resident)
- 13. Sec. 152(1) Rate 6% of the gross amount Exemption Limit nil Status of Payment or Deduction Final Discharge Tax Withholding Agent payer Time of Deduction Payment payment to non resident for construction, services or advertisement contract by satellite channels
- 14. Sec. 152(1A) Rate 5% of the gross amount Exemption Limit nil Status of Payment or Deduction Final Discharge Tax Withholding Agent payer Time of Deduction Payment payment of insurance
- 15. Sec. 152 Rate 10% of the gross amount Exemption Limit nil Status of Payment or Deduction Final Discharge Tax Withholding Agent payer Time of Deduction Payment payment for advertisement
- 16. Sec. 152(1a) Rate 20% of the gross amount paid Exemption Limit nil Status of Payment or Deduction adjustable Tax Withholding Agent payer Time of Deduction Payment All other payment to non- resident
- 17. Sec. 152(2a) Rate 3.5% of the gross amount payable Exemption Limit nil Status of Payment or Deduction adjustable Tax Withholding Agent payer Time of Deduction Payment payment to payment of non establishment(for sale of goods)
- 18. Sec. 152(2a) Rate 2% of the gross amount payable of transport services, or any other services 6% of gross amount payable Exemption Limit nil Status of Payment or Deduction adjustable Tax Withholding Agent payer Time of Deduction Payment payment to payment of non establishment(for rendering or providing of services )
- 19. Sec. 152(2a) Rate 6% of the gross amount payable Exemption Limit nil Status of Payment or Deduction adjustable Tax Withholding Agent payer Time of Deduction Payment payment to payment of non establishment (for execution of contracts )
- 20. Sec. 153 Rate 1.5% of the gross amount Exemption Limit 25,000 p.m Status of Payment or Deduction Tax deducted or collected at source Tax Withholding Agent Time of Deduction Payment Sale of goods a)Sale of cotton, rice seed or oil.
- 21. Sec. 153A Rate 0.5% of the gross amount of sales Exemption Limit Nil Status of Payment or Deduction adjustable Tax Withholding Agent Every manufacture Time of Deduction sale Sale to distributer,dealers,and whole sales by a manufacturer
- 22. Sec. 154(1) Rate 1% of the proceeds of export Exemption Limit Nil Status of Payment or Deduction Final discharge Tax Withholding Agent Authorisez dealer in forigen exchange Time of Deduction Export proceeds realization or at the time of export of goods if made by an undertaking in EPZ Export proceeds realization
- 23. Sec. 154(2) Rate 5% of the commission due Exemption Limit Nil Status of Payment or Deduction Final discharge Tax Withholding Agent Authorizes dealer in foreign exchange Time of Deduction Export proceeds realization or at the time of export of goods if made by an undertaking in EPZ Realization of commission due to an indenting agent
- 24. Sec. 154(3) Rate 1% of the proceeds of export Exemption Limit Nil Status of Payment or Deduction Final discharge Tax Withholding Agent Banking company Time of Deduction Realization of a sale of goods to an exporter under an inland back to back L/C
- 25. Sec. 154(3a) Rate 1% of the proceeds of export Exemption Limit Nil Status of Payment or Deduction Final discharge Tax Withholding Agent Export processing zone authority Time of Deduction export of goods by an industrial under taking located in EPZ
- 26. Sec. 155 Rate As per Rate of “ Income From Property “ Exemption Limit Nil Status of Payment or Deduction Adjustable Tax Withholding Agent F G, PG, Local Govt., NPO, diplomatic mission of a foreign state & any other person notified by the FBR Time of Deduction Payment Rent ( including rent of furniture & fixture) & services relating to property
- 27. Sec. 156 Rate 10% On Prize of a Prize Bond and Crossword Puzzle 20% On all other prizes and winnings Exemption Limit NIL Status of Payment or Deduction Final Discharge Tax Withholding Agent Person making Payment Time of Deduction payment PAYMENT OF PRIZES AND WINNINGS
- 28. Sec. 156 Rate 10% On Prize of a Prize Bond and Crossword Puzzle 20% On all other prizes and winnings Exemption Limit NIL Status of Payment or Deduction Final Discharge Tax Withholding Agent Person making Payment Time of Deduction payment PAYMENT OF PRIZES AND WINNINGS
- 29. Sec. 156 A Rate 10% of amount of commission Exemption Limit NIL Status of Payment or Deduction Final Discharge Tax Withholding Agent Person Selling The product Time of Deduction payment Sale of Petroleum Product to Petrol Pump Operator
- 30. Sec. 156 B Rate Average rate of tax on the taxable income of three preceding years Exemption Limit Yes Status of Payment or Deduction Adjustable Tax Withholding Agent Pension Fund Manager Time of Deduction Payment from individual pension account Withdrawal of balance under pension funds
- 31. Sec. 231 A Rate 0.2% of cash Withdrawal Exemption Limit Rs. 50, 000 per day Status of Payment or Deduction Adjustable Tax Withholding Agent Banking company Time of Deduction Withdrawal of cash Cash withdrawal from bank
- 32. to whom sale of any instrument is made against cash payment Including Demand Draft, Pay Order, Call Deposit Receipt (CDR), Short Term Deposit Receipt (STDR), Security Deposit Receipt (SDR), Rupee Travelers Cheque (RTC) or any other instrument of bearer nature Excluding Inter-bank or intra-bank transfer who transfer any sum against cash through online transfer, telegraphic transfer, mail transfer or any other mode of electronic transfer Sec. 231 AA
- 33. Sec. 231 AA Rate 0.30% of Transaction Exemption Limit Yes Status of Payment or Deduction Adjustable Tax Withholding Agent Banking Company Non-banking financial institution Exchange Company Any authorized dealer of foreign exchange Time of Deduction At the time of sale of instrument or transfer
- 34. Purchase of New Motor Car up to 850cc Rs. 7,500 851cc to 1000cc Rs.10,500 1001cc to 1300cc Rs.16,875 1301cc to 1600cc Rs.16,875 1601cc to 1800cc Rs.22,500 1801cc to 2000cc Rs.16,875 Above 2000cc Rs.50,000 Sec. 231 B
- 35. Sec. 231 B Exemption Limit Nil Status of Payment or Deduction Adjustable Tax Withholding Agent Manufacturer or authorized dealer Time of Deduction Sale of car
- 36. Sec. 233 Rate 10% of amount paid Exemption Limit Nil Status of Payment or Deduction Final Discharge Tax Withholding Agent Federal Government Provincial Government Local Government Company Association of persons Time of Deduction Payment BROKERAGE AND COMMISSION
- 37. Sec. 233A Rate 0.1% of Purchase and sale value Exemption Limit Nil Status of Payment or Deduction Adjustable Tax Withholding Agent Commission Earned Income Member if Stock Exchange Commission on Purchase of Share Commission on sale of share
- 38. Sec. 233AA Rate 10% of Cary over trades (badla) Exemption Limit Nil Status of Payment or Deduction Adjustable Tax Withholding Agent NCCPL MARGIN FINANCING IN SHARE BUSINESS
- 39. MOTOR VEHICLE TAX In the case of goods transport vehicles - Re. 1 per kilogram of the registered laden weight (FINAL DISCHARGE) In the case of passenger transport vehicles plying for hire with registered seating capacity of (a) Four or more persons but less than ten persons. Rs. 25 per seat per annum (b) Ten or more persons but less than twenty persons. Rs.60 per seat per annum (c) Twenty persons ore more. Rs.100 per seat per annum (ADJUSTABLE) Sec. 234
- 40. MOTOR VEHICLE TAX Cont. Other private motor cars with engine capacity 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. Sec. 234 Exemption Limit Nil Tax Withholding Agent Person Collecting the motor vehicle tax Time of Deduction Collection of motor vehicle tax MOTOR VEHICLE TAX
- 42. Sec. 234 A Rate 4% of gas consumption Exemption Limit Nil Status of Payment or Deduction Final Discharge Tax Withholding Agent Person preparing Gas consumption Bill Time of Deduction Payment of Gas Bill Sale of gas to CNG station
- 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 consumers RECEIPT OF ELECTRICITY CONSUMPTION BILLS
- 44. Sec. 235 Exemption Limit Exemption certificate from CIR is Produced Status of Payment or Deduction Adjustable Only in case of companies Tax Withholding Agent Person Preparing electricity bill Time of Deduction Payment of Electricity Bill RECEIPT OF ELECTRICITY CONSUMPTION BILLS
- 45. Sec. 236 Telephone where Monthly bill exceed 1000 Rate: 10% of exceeding amount of bill Mobile and Prepaid Cards Sale of units through electronic medium or whatever form Rate: 10% of amount of bill or price of price of prepaid card or sale of units through any electronic medium or whatever form Telephone Bills and Cards
- 46. Sec. 236 Exemption Limit a. Federal Government; b. Provincial Government; c. Local Government; d. Foreign diplomat; Status of Payment or Deduction Adjustable Tax Withholding Agent Person preparing telephone bill; Person issuing or selling prepaid cards for telephone Time of Deduction payment of telephone bill Telephone Bills and Cards
- 47. Sec. 236 A Rate 5% of the grass sale price Exemption Limit Nil Status of Payment or Deduction Adjustable Tax Withholding Agent Person making sale Time of Deduction Making sale Sale of public auction, Awarding of any lease including a lease of right to collect tolls, fees or other levies
- 48. Sec. 236 B Rate 5% of the gross amount of air ticket Exemption Limit Federal Govt., Provincial Government, a person who presents exemption certificates issued by CIR Status of Payment or Deduction Adjustable Tax Withholding Agent Person preparing air ticket Time of Deduction Preparing air ticket Purchase of domestic air ticket
- 49. Sec. 236 C Rate 0.5% of the gross amount of consideration received Exemption Limit Federal Government, Provincial Government, Local Government Status of Payment or Deduction Adjustable Tax Withholding Agent Person responsible for transfer Time of Deduction Registering the transfer Registering or attesting the transfer of immovable property
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