03-25-2010, 07:34 PM
In Accordance with Income Tax Ordinance 2001,
Income tax shall be calculated on Rs.550000 (ie is Income from business and Salary) @ 3.5% (Slab 6)
And income from property shall be taxable as
income from property 250000
less exempt up to (150000)
and then 100000 @ 5%..
Income tax shall be calculated on Rs.550000 (ie is Income from business and Salary) @ 3.5% (Slab 6)
And income from property shall be taxable as
income from property 250000
less exempt up to (150000)
and then 100000 @ 5%..