INCOME TAX NUMERICAL FORMAT

NAME OF TAXPAYER

       NATIONAL TAX NUMBER

   TAX YEAR........................

   TAX YEAR ENDED..........

RESIDENTIAL STATUS

                    COMPUTATION OF TAX PAYABLE

INCOME FROM SALARY ..............................(section 12)

INCOME FROM PROPERTY...........................(=====15)

INCOME FROM BUSINESS...........................(=====18)

CAPITAL GAINS.............................................(=====37)

INCOME FROM OTHER SOURCES..............(=====39)

TOTAL INCOME

LESS DEDUCTIBLE ALLOWANCES:

1.Zakat paid 

2.payment to worker welfare fund

3.contribution to workers participation fund

ACTUALLY TAXABLE INCOME TAXABLE INCOME
Add share from AOP included for rate purpose only
Add any other income for rate purpose

TAXABLE INCOME FOR RATE PURPOSE

(here rate will be applied according to taxable income and marginal relief treatment will be applied , then tax payable will be calculated)

TAX ON TAXABLE INCOME......................................................................................XXXXXXXXXXXXXX

LESS CONCESSION FOR SENIOR CITIZENS

LESS CONCESSION FOR TEACHERS & RESEARCHERS

LESS FOREIGN TAX CREDIT
                     FORMULA FOR CREDIT....
                                           PAK INCOME TAX        X              FOREIGN INCOME
                                            TAXABLE INCOME INCLUDING FOREIGN INCOME

LESS TAX CREDIT FOR AVERAGE RELIEF
              1-CHARITEABLE DONATIONS
              2-INVESTMENT  SHARES
              3-CONTRIBUTION TO APP. PENSION FUND    
              4- PROFIT O DEBT ON HOSING PAYMENTS

FORMULA FOR AVERAGE RELIEF....
                                                    GROSS TAX         X AMOUNT ADMISSIBLE
                                                              TAXABLE INCOME

NET TAX= GROSS TAX - REBATE FOR AVERAGE RELIEF

LESS CREDIT FOR SHARE FROM AOP
                                FORMULA           =  NET TAX          X    ACTUAL TAXABLE INCOME
                                                                   TAXABLE INCOME FOR RATE PURPOSE

=TAX LIABILITY UNDER NORMAL TAX REGIME

= TAX PAYABLE WITH RETURN
footnote for :separate block of incomes
END