09-30-2010, 07:55 PM
<center><b>THE SECOND SCHEDULE
EXEMPTIONS AND TAX CONCESSIONS
PART III
REDUCTION IN TAX LIABILITY</b></center>
(2) The tax payable by a full time teacher or a researcher, employed in a non profit education or research institution duly recognized by Higher Education Commission, a Board of Education or a University recognized by the Higher Education Commission, including government training and research institution,
shall be reduced by an amount equal to 75% of tax payable on his income from salary.
EXEMPTIONS AND TAX CONCESSIONS
PART III
REDUCTION IN TAX LIABILITY</b></center>
(2) The tax payable by a full time teacher or a researcher, employed in a non profit education or research institution duly recognized by Higher Education Commission, a Board of Education or a University recognized by the Higher Education Commission, including government training and research institution,
shall be reduced by an amount equal to 75% of tax payable on his income from salary.