08-25-2010, 05:12 PM
@KASIM....
There is no change on income from house property in new budget. Exemption of Rs. 150,000 from non Corporates and slab rates applied. The maximum tax rate is 10% .
Individuals
0 - 150,000 = 0
150,001 - 400,000 = 5%
400,001 - 1000,000 = 12,500 +7.5% of amount exceeding 400,000
1000,001 and above = 57,500 + 10% of amount exceeding 1000,000
Company
0 - 400,000 = 5%
400,001 - 1000,000 = 20000 +7.5% of amount exceeding 400,000
1000,001 and above = 65000 + 10% of amount exceeding 1000,000
Regards,
WARDAH
There is no change on income from house property in new budget. Exemption of Rs. 150,000 from non Corporates and slab rates applied. The maximum tax rate is 10% .
Individuals
0 - 150,000 = 0
150,001 - 400,000 = 5%
400,001 - 1000,000 = 12,500 +7.5% of amount exceeding 400,000
1000,001 and above = 57,500 + 10% of amount exceeding 1000,000
Company
0 - 400,000 = 5%
400,001 - 1000,000 = 20000 +7.5% of amount exceeding 400,000
1000,001 and above = 65000 + 10% of amount exceeding 1000,000
Regards,
WARDAH
