COLUMN & ROWS

Rental Income Tax rates slab 2022-23 in Pakistan | Tax Rates in Pakistan

Income from the property: The rent received or receivable by a person for a tax year, other than rent exempt from tax under this Ordinance, shall be chargeable to tax in that year under the head “Income from Property”.

Rent: It means any amount received or receivable by the owner of land or a building as consideration for the use or occupation of, or the right to use or occupy, the land or building, and includes any forfeited deposit paid under a contract for the sale of land or a building.

Following are the withholding tax rates on rental income from the immovable property on individuals and Association of persons(AOP):

Gross Amount of RentTax rates (ATL)Tax rates (NON-ATL)
Where the gross amount of rent does not exceed Rs. 300,000/-NilNIL
Where the gross amount
of rent exceeds
Rs.300,000 but does not
exceed Rs.600,000
5 percent of the
gross amount
exceeding
Rs.300,000.
100% Increase
Where the Gross amount of rent exceeds Rs. 600,000 but does not exceed Rs. 2,000,000Rs.15,000 plus 10
percent of the gross
amount exceeding
Rs.600,000
100% Increase
Where the gross amount of rent exceeds Rs. 2,000,000Rs.155,000 plus 25
percent of the gross
amount exceeding
Rs.2,000,000
100% Increase
Rental income tax slab in Pakistan by FBR 2022-23

Company: For a company Tax rate shall be 15% (ATL) and 30% (NON-ATL).

For more guidance: https://www.fbr.gov.pk/Categ/Income-Tax-Ordinance/326

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