Rates
Of Income Tax
As per Income Tax Ordinance 2001
As per Income Tax Ordinance 1979
Tax
Rates as per Income Tax Ordinance 2001
(A)
Rates of Tax of Salaried Person
(B) For a Individuals and A.O.P.
(other than companies)
(C) For a Company
(A)
RATES
FOR SALARIED PERSONS
For
tax
year 2007 for every Salaried Person,
the income tax shall be charged on the taxable income, at the following
rates:
S. No. 
Taxable
income 
Rate of
tax 
(1) 
(2) 
(3) 
1

Where the
taxable income does not
exceed Rs.150,000 
0%

2 
Where the
taxable income exceeds Rs.150,000 but does not exceed Rs.200,000

0.25% 
3 
Where the
taxable income exceeds Rs.200,000 but does not exceed Rs.250,000

0.50% 
4 
. Where the
taxable income exceeds Rs.250,000 but does not exceed Rs.300,000

0.75% 
5 
Where the
taxable income exceeds Rs.300,000 but does not exceed Rs.350,000

1.50% 
6

Where the
taxable income exceeds Rs.350,000 but does not exceed Rs.400,000

2.50% 
7 
Where the
taxable income exceeds Rs.400,000 but does not exceed Rs.500,000

3.50% 
8 
Where the
taxable income exceeds Rs.500,000 but does not exceed Rs.600,000

4.50% 
9 
. Where the
taxable income exceeds Rs.600,000 but does not exceed Rs.700,000

6.00% 
10 
Where the
taxable income exceeds Rs.700,000 but does not exceed Rs.850,000

7.50% 
11 
Where the
taxable income exceeds Rs.850,000 but does not exceed Rs.950,000

9.00% 
12 
Where the
taxable income exceeds Rs.950,000 but does not exceed Rs.1,050,000

10.00% 
13 
Where the
taxable income exceeds Rs.1,050,000 but does not exceed Rs.1,200,000

11.00% 
14 
Where the
taxable income exceeds Rs.1,200,000 but does not exceed Rs.1,500,000

12.50% 
15 
Where the
taxable income exceeds Rs.1,500,000 but does not exceed Rs.1,700,000

14.00% 
16 
Where the
taxable income exceeds Rs.1,700,000 but does not exceed Rs.2,000,000

15.00% 
17 
Where the
taxable income exceeds Rs.2,000,000 but does not exceed Rs.3,150,000

16.00% 
18 
Where the
taxable income exceeds Rs.3,150,000 but does not exceed
Rs.3,700,000, 
17.50% 
19 
Where the
taxable income exceeds Rs.3,700,000 but does not exceed
Rs.4,450,000, 
18.50% 
20 
Where the
taxable income exceeds Rs.4,450,000 but does not exceed
Rs.8,400,000, 
19.00% 
21 
Where the
taxable income exceeds Rs.8,400,000. 
20.00% 

Further 75%
reductions in tax payable for a full time teacher or researcher
employed in a non profit education or research institution
recognized by a Board of Education, University or a Higher
Education Commission.

Special tax
rebate of an amount equal to 50% of the tax payable to a taxpayer of 60 years of age or above and earning income upto Rs.
400,000/.
For
tax
year 2006 for every Salaried Person,
the income tax shall be charged on the taxable income, at the following
rates:
S. No. 
Taxable Income 
Tax Rates 
1. 
Where
the taxable income does not exceed Rs. 100000 
NIL 
2. 
Where
the taxable income exceeds Rs. 100,000 but does not exceed Rs.
200,000. 
3.5%
of the amount exceeding Rs. 100,000. 
3. 
Where
the taxable income exceeds Rs. 200,000 but does not exceed Rs.
400,000. 
Rs. 3,500 plus 12% of the amount exceeding Rs.
200,000. 
4. 
Where
the taxable income exceeds Rs. 400,000 but does not exceed Rs.
700,000. 
Rs. 27,500 plus 25% of the amount exceeding Rs.
400,000. 
5. 
Where
the taxable income exceeds Rs. 700,000. 
Rs. 102,500 plus 30% of the amount exceeding Rs.
700,000. 
Note:

Further 50%
reductions in tax payable for a full time teacher or researcher
employed in a non profit education or research institution
recognized by a Board of Education, University or a Higher
Education Commission.

Special tax
rebate of an amount equal to 50% of the tax payable to a taxpayer of 65 years of age or above and earning income upto Rs.
400,000/.
For
tax
year 2005 for every Salaried Person,
the income tax shall be charged on the taxable income, at the following
rates:

Taxable Income 
Tax Rates 
Reduction in Tax
Liability 
1. 
Where
the taxable income does not exceed Rs. 100000

Nil 
Income
between 60,00180,000 @70%.
Income between 80,001100,000 @60%

2. 
Where
the taxable income exceeds Rs. 100,000 but does not exceed Rs. 150,000. 
7.5%
of the amount exceeding Rs. 100,000.

Income between 100,001150,000 @50% 
3. 
Where
the taxable income exceeds Rs. 150,000 but does not exceed Rs. 300,000. 
Rs.
3,750 plus 12.5% of the amount exceeding Rs. 150,000.

Income between 150,001200,000 @40% Income between 200,001300,000
@30%.

4. 
Where
the taxable income exceeds Rs. 300,000 but does not Rs. 400,000. 
Rs.
22,500 plus 20% of the amount exceeding Rs. 300,000.

Income between 300,001500,000 @20%.

5. 
Where
the taxable income exceeds Rs. 400,000 but does not exceed Rs. 700,000. 
Rs.
42,500 plus 25% of the amount exceeding Rs. 400,000.

Income between 500,0011,000,000 @10%.

6. 
Where
the taxable income exceeds Rs. 700,000. 
Rs.
117,500 plus 35% of the amount exceeding Rs. 700,000.

Income exceeding 1,000,001 @5%.

For
tax
years 2003 and 2004 for every Salaried Person,
the income tax shall be charged on the taxable income, at the following
rates:

Taxable
Income

Tax
Rates

Reduction
in Tax Liability

1.

Where
the taxable income does not exceed Rs. 80,000

NIL


2.

Where
the taxable income exceeds Rs. 80,000 but does not exceed Rs. 150,000.

7.5%
of the amount exceeding Rs. 80,000.

Income
between 60,00180,000 @70%.
Income between 80,001100,000 @60%
Income
between 100,001150,000 @50%

3.

Where
the taxable income exceeds Rs. 150,000 but does not exceed Rs. 300,000.

Rs.
5,250 plus 12.5% of the amount exceeding Rs. 150,000.

Income
between 150,001200,000 @40% Income between 200,001300,000 @30%

4.

Where
the taxable income exceeds Rs. 300,000 but does not Rs. 400,000.

Rs.
24,000 plus 20% of the amount exceeding Rs. 300,000.

Income
between 300,001500,000 @20%

5.

Where
the taxable income exceeds Rs. 400,000 but does not exceed Rs. 700,000.

Rs.
44,000 plus 25% of the amount exceeding Rs. 400,000.

Income
between 500,0011,000,000 @10%

6.

Where
the taxable income exceeds Rs. 700,000

Rs.
119,000 plus 35% of the amount exceeding Rs. 700,000.

Income exceeding 1,000,001 @5%

(B)
RATES FOR BUSINESS
For tax
year 2007 for every individual, and Association
of Persons, the income tax shall be charged on the taxable income, at
the following rates
S. No. 
Taxable
income 
Rate of
tax 
(1) 
(2) 
(3) 
1

Where the
taxable income does not exceed Rs.100,000 
0%

2 
Where the
taxable income exceeds Rs.100,000 but does not exceed Rs.110,000 
0.50% 
3 
Where the
taxable income exceeds Rs.110,000 but does not exceed Rs.125,000

1.00% 
4 
Where the
taxable income exceeds Rs.125,000 but does not exceed Rs.150,000 
2.00%

5 
Where the
taxable income exceeds Rs.150,000 but does not exceed Rs.175,000 
3.00% 
6

Where the
taxable income exceeds Rs.175,000 but does not exceed Rs.200,000 
4.00% 
7 
Where the
taxable income exceeds Rs.200,000 but does not exceed Rs.300,000 
5.00% 
8 
Where the
taxable income exceeds Rs.300,000 but does not exceed Rs.400,000 
7.50% 
9 
Where the
taxable income exceeds Rs.400,000 but does not exceed Rs.500,000 
10.00% 
10 
Where the
taxable income exceeds Rs.500,000 but does not exceed Rs.600,000 
12.50% 
11 
Where the
taxable income exceeds Rs.600,000 but does not exceed Rs.800,000 
15.00% 
12 
Where the
taxable income exceeds Rs.800,000 but does not exceed Rs.10,00,000 
17.50%

13 
Where the
taxable income exceeds Rs.10,00,000 but does not exceed Rs.13,00,000

21.00% 
14 
Where the
taxable income exceeds Rs.13,00,000 
25.00% 
For tax
year 2005 and 2006 for every individual, and Association
of Persons, the income tax shall be charged on the taxable income, at
the following rates
S. No. 
Taxable income 
Rate of tax 
1. 
Where taxable income does not exceed
Rs: 100,000 
0% 
2. 
Where taxable income exceeds Rs:
100,000 but does not exceed 150,000 
7.5% of the amount exceeding Rs:
100,000. 
3. 
Where taxable income exceeds Rs:
150,000 but does not exceed Rs: 300,000 
3,750 plus 12.5% of the amount
exceeding Rs: 150,000. 
4. 
Where taxable income exceeds Rs:
300,000 but does not exceed Rs: 400,000 
22,500 plus 20% of the amount
exceeding Rs: 300,000. 
5. 
Where taxable income exceeds Rs:
400,000 but does not exceed Rs: 700,000 
42,500 plus 25% of the amount
exceeding Rs: 400,000. 
6. 
Where taxable income exceeds Rs:
700,000 
117,500 plus 35% of the amount
exceeding Rs: 700,000. 
For tax
years 2003 and 2004 for every individual, and Association
of Persons, the income tax shall be charged on the taxable income, at
the following rates
TABLE
S.
No.

Taxable income.

Rate of tax.

1.

Where taxable income does not exceed Rs. 80,000

0%

2.

Where taxable income exceeds Rs. 80,000 but does
not exceed Rs. 150,000

7.5% of the amount exceeding Rs. 80,000

3.

Where taxable income exceeds Rs. 150,000 but does
not exceed Rs. 300,000

Rs. 5,250 plus 12.5% of the amount exceeding Rs.
150,000

4.

Where taxable income
exceeds Rs. 300,000 but does not exceed Rs. 400,000

Rs. 24,000 plus 20% of the amount exceeding Rs.
300,000

5.

Where taxable income exceeds Rs. 400,000 but does
not exceed Rs. 700,000

Rs. 44,000 plus 25% of
the amount exceeding Rs. 400,000

6.

Where taxable income exceeds Rs. 700,000

Rs. 119,000 plus 35% of the amount exceeding Rs.
700,000

(C)
RATES FOR COMPANIES
TABLE
Tax Year

Banking company.

Public company, other than a banking company.

Private company, other than a banking company.

Small
Company

2003

47%

35%

43%


2004

44%

35%

41%


2005

41%

35%

39%


2006

38%

35%

37%

20%

2007

35%

35%

35%

20%

Tax
Rates as per Income Tax Ordinance 1979
(A) For Business Individuals
(B) For
Salaried Persons
(C) For
a Registered Firm
(D) For
a Company
For
More Information see
First
Schedule Of Income Tax Ordinance, 1979
(A) RATES FOR BUSINESS INDIVIDUALS
For a person other than company and has income other than salary which is more than
50% of his total income.
For
Assessment Year 20022003
For
every individual, unregistered firm, association of persons,
Hindu undivided family, the income tax shall be charged on the total
income, excluding income to which section 80B, 80C and 8OCC apply, at
the following rates:
1. 
Where the total
income does not exceed Rs. 60,000. 

Nil. 
2. 
Where the total
income exceeds Rs. 60,000 but does not exceed Rs. 150,000. 

7.5% of the amount exceeding Rs.
60,000. 
3. 
Where the total
income exceeds Rs. 150,000 but does not Rs. 300,000. 

Rs. 6,750 plus
12.5% of the amount exceeding Rs. 150,000. 
4. 
Where the total
income exceeds Rs. 300,000 but does not exceed Rs. 400,000. 

Rs. 25,500 plus
20% of the amount exceeding Rs. 300,000. 
5. 
Where the total
income exceeds Rs. 400,000 but does not exceed Rs. 700,000.


Rs. 45,500 plus
25% of the amount exceeding Rs. 400,000.

6. 
Where the total
income exceeds Rs. 700,000. 

Rs. 120,500 plus
35% of the amount exceeding Rs. 700,000. 
Note:
For
Assessment Year 19992000, 20002001 & 20012002
For
every individual, unregistered firm, association of persons,
Hindu undivided family, the income tax shall be charged on the total
income, excluding income to which section 80B, 80C and 8OCC apply, at
the following rates:
1. 
Where the total
income does not exceed Rs. 100,000. 

5% of total
income. 
2. 
Where the total
income exceeds Rs. 100,000 but does not exceed Rs. 200,000. 

Rs. 5,000 plus
10% of the amount exceeding Rs. 100,000. 
3. 
Where the total
income exceeds Rs. 200,000 but does not Rs. 300,000. 

Rs. 15,000 plus
15% of the amount exceeding Rs. 200,000. 
4. 
Where the total
income exceeds Rs. 300,000 but does not exceed Rs. 500,000. 

Rs. 30,000 plus
20% of the amount exceeding Rs. 300,000. 
5. 
Where the total
income exceeds Rs. 500,000 but does not exceed Rs. 700,000.


Rs. 70,000 plus
25% of the amount exceeding Rs. 500,000.

6. 
Where the total
income exceeds Rs. 700,000 but does not exceed Rs. 1,000,000.


Rs. 120,000 plus
30% of the amount exceeding Rs. 700,000.

7. 
Where the total
income exceeds Rs. 1,000,000. 

Rs. 210,000 plus
35% of the amount exceeding Rs. 1,000,000. 
Note:

Income Tax is not
payable where total income does not exceed Rs. 40,000/.

The Income Tax
payable shall be reduced by Rs. 2,000/.

Rate of Surcharge
is 10% of the amount of income tax payable.

Special tax
rebate of an amount equal to 50% of the tax payable by an assessee
of 65 years of age or above and earning income upto Rs. 200,000/.
For a person other than company who is filing Return under Self Assessment
Scheme
For Assessment
Year 20002001 & 20012002
For Assessment
Year 19992000
(a) 
where the total
income does not exceed Rs. 50,000. 

Rs. 2,500 
(b) 
where the total
income exceeds Rs. 50,000 but does not exceed Rs. 150,000. 

Rs. 2,500 plus
10% of the amount exceeding Rs. 50,000. 
(c) 
where the total
income exceeds Rs. 150,000 but does not exceed Rs. 300,000. 

Rs. 12,500 plus
20% of the amount exceeding Rs. 150,000. 
(d) 
Where the total
income exceeds Rs. 300,000 but does not exceed Rs. 500,000. 

Rs. 42,500 plus
30% of the amount exceeding Rs. 300,000. 
(e) 
Where the total
income exceeds Rs. 500,000. 

Rs. 102,500 plus
35% of the amount exceeding Rs. 500,000. 
Note:

Income Tax is not
payable where total income does not exceed Rs. 40,000/.

The Income Tax
payable shall be reduced by Rs. 1,250/.

Special tax
rebate of an amount equal to 50% of the tax payable by an assessee
of 65 years of age or above and earning income upto Rs. 200,000/
(B) RATES FOR SALARIED PERSONS
For
assessment year 20022003 (i.e. income year 20012002), for every
Salaried Person, the income tax shall be charged on the taxable
income, at the following rates:

Particulars 
Tax
Rates 
Reduction
in Tax Liability 
1. 
Where
the taxable income does not exceed Rs. 60,000. 
Nil. 
Nil

2. 
Where the
taxable income exceeds Rs. 60,000 but does not exceed Rs.
150,000. 
7.5% of the amount exceeding Rs.
60,000. 
Income
between 60,00180,000 @70%
Income
between 80,001100,000 @60%
Income
between 100,001150,000 @50%

3. 
Where the
taxable income exceeds Rs. 150,000 but does not Rs. 300,000. 
Rs.
6,750 plus 12.5% of the amount exceeding Rs. 150,000. 
Income
between 150,001200,000 @40%
Income
between 200,001300,000 @30% 
4. 
Where the
taxable income exceeds Rs. 300,000 but does not exceed Rs.
400,000. 
Rs.
25,500 plus 20% of the amount exceeding Rs. 300,000. 
Income
between 300,001400,000 @20% 
5. 
Where the
taxable income exceeds Rs. 400,000 but does not exceed Rs.
700,000.

Rs.
45,500 plus 25% of the amount exceeding Rs. 400,000.

Income
between 400,001500,000 @20%
Income
between 500,001700,000 @10% 
6. 
Where the
taxable income exceeds Rs. 700,000

Rs.
120,500 plus 35% of the amount exceeding Rs. 700,000.

Income
between 700,0011,000,000 @10%
Income
above 1,000,000 @5% 
Note:

Special tax rebate
of an amount equal to 50% of the tax payable by an assessee of
65 years of age or above and earning income upto Rs. 200,000/.

Tax liability will
be further reduced to 50% for full time teachers or researchers
employed in a nonprofit education or research institution duly
recognised.

Exemptions on
Allowances and Perquisites are only applicable to the income not
exceeding Rs. 300,000/ (inclusive of Allowances and
Perquisites) as per last year.

When income
exceeds Rs. 300,000/ (inclusive of Allowances and Perquisites)
the whole income is taxable at the above rates, as per last
year.

To see deductible
Allowances and Perquisites on Salary see What
are Perquisites and How are taxed?
For
assessment year 20012002 i.e. income year 20002001), for every
Salaried Person, the income tax shall be charged on the taxable
income, at the following rates:

Particulars 
Tax
Rates

Reduction
in Tax Liability 
1.

Where
the taxable income does not exceed Rs. 100,000. 
5%
of taxable income.

Income
between 50,00160,000 @80%
Income
between 60,00180,000 @70%
Income
between 80,001100,000 @60%

2.

Where the
taxable income exceeds Rs. 100,000 but does not exceed Rs.
200,000.

Rs.
5,000 plus 10% of the amount exceeding Rs. 100,000.

Income
between 100,001150,000 @50%
Income
between 150,001200,000 @40%

3.

Where the
taxable income exceeds Rs. 200,000 but does not Rs. 300,000.

Rs.
15,000 plus 15% of the amount exceeding Rs. 200,000.

Income
between 200,001300,000 @30%

4.

Where the
taxable income exceeds Rs. 300,000 but does not exceed Rs.
500,000.

Rs.
30,000 plus 20% of the amount exceeding Rs. 300,000.

Income
between 300,001500,000 @20%

5. 
Where the
taxable income exceeds Rs. 500,000 but does not exceed Rs.
700,000.

Rs.
70,000 plus 25% of the amount exceeding Rs. 500,000.

Income
between 500,001700,000 @10%

6. 
Where the
taxable income exceeds Rs. 700,000

Rs.
120,000 plus 30% of the amount exceeding Rs. 700,000.

Income
between 700,0011,000,000 @10%
Income
above 1,000,000 @5%

Note:

Income Tax is not
payable where total income does not exceed Rs. 50,000/.

The rate of
reduction is applied after reducing the tax liability by Rs.
2,500/.

Special tax rebate
of an amount equal to 50% of the tax payable by an assessee of
65 years of age or above and earning income upto Rs. 200,000/.

Tax liability will
be further reduced to 50% for full time teachers or researchers
employed in a nonprofit education or research institution duly
recognised.

Exemptions on
Allowances and Perquisites are only applicable to the income not
exceeding Rs. 300,000/ (inclusive of Allowances and
Perquisites) as per last year.

When income
exceeds Rs. 300,000/ (inclusive of Allowances and Perquisites)
the whole income is taxable at the above rates, as per last
year.

To see deductible
Allowances and Perquisites on Salary see What
are Perquisites and How are taxed?
For
assessment year 20002001 (i.e. income year 19992000), for every
Salaried Person, the income tax shall be charged on the taxable
income, at the following rates:
1. 
Where the
taxable income does not exceed Rs. 100,000. 

5% of taxable
income. 
2. 
Where the
taxable income exceeds Rs. 100,000 but does not exceed Rs.
200,000. 

Rs. 5,000 plus
10% of the amount exceeding Rs. 100,000. 
3. 
Where the
taxable income exceeds Rs. 200,000 but does not Rs. 300,000. 

Rs. 15,000 plus
15% of the amount exceeding Rs. 200,000. 
4. 
Where the
taxable income exceeds Rs. 300,000 but does not exceed Rs.
500,000. 

Rs. 30,000 plus
20% of the amount exceeding Rs. 300,000. 
5. 
Where the
taxable income exceeds Rs. 500,000 but does not exceed Rs.
700,000.


Rs. 70,000 plus
25% of the amount exceeding Rs. 500,000.

6. 
Where the
taxable income exceeds Rs. 700,000


Rs. 120,000 plus 30%
of the amount exceeding Rs. 700,000.

Note:

Income Tax is not
payable where total income does not exceed Rs. 50,000/ for
working man and Rs. 60,000/ for working woman.

The Income Tax
payable shall be reduced by Rs. 2,500/ for working man and Rs.
3,000 for working woman not being a director.

Special tax rebate
of an amount equal to 50% of the tax payable by an assessee of
65 years of age or above and earning income upto Rs. 200,000/.

Exemptions on
Allowances and Perquisites are only applicable to the income not
exceeding Rs. 300,000/ (inclusive of Allowances and
Perquisites).

When income
exceeds Rs. 300,000/ (inclusive of Allowances and Perquisites)
the whole income is taxable at the above rates.

To see deductible
Allowances and Perquisites on Salary see What
are Perquisites and How are taxed?
For assessment year 19992000
i.e. income year 199899, for every Salaried Person, the income tax
shall be charged on the taxable income, at the following rates:
1. 
Where the
taxable income does not exceed Rs. 100,000. 

5% of taxable
income. 
2. 
Where the
taxable income exceeds Rs. 100,000 but does not exceed Rs.
200,000. 

Rs. 5,000 plus
10% of the amount exceeding Rs. 100,000. 
3. 
Where the
taxable income exceeds Rs. 200,000 but does not Rs. 300,000. 

Rs. 15,000 plus
15% of the amount exceeding Rs. 200,000. 
4. 
Where the
taxable income exceeds Rs. 300,000. 

Rs. 30,000 plus
20% of the amount exceeding Rs. 300,000. 
Note:

Income Tax is not
payable where taxable income does not exceed Rs. 50,000/ for
working man and Rs. 60,000/ for working woman.

The Income Tax
payable shall be reduced by Rs. 2,500/ for working man and Rs.
3,000 for working woman not being a director.

Special tax rebate
of an amount equal to 50% of the tax payable by an assessee of
65 years of age or above and earning income upto Rs. 200,000/.

Exemptions on
Allowances and Perquisites are only applicable to the income not
exceeding Rs. 300,000/ (inclusive of Allowances and
Perquisites). The rates on Allowances and perquisites where
salary is of Rs. 300,000/ or more (inclusive of Allowances and
Perquisites) are as under :
a. 
does not
exceed Rs. 100,000. 

5% of such
amount; 
b. 
exceeds Rs.
100,000 but does not exceed Rs. 200,000. 

Rs. 5,000
plus 10% of the amount exceeding Rs. 100,000; 
c. 
exceeds Rs.
200,000 but does not Rs. 300,000. 

Rs. 15,000
plus 15% of the amount exceeding Rs. 200,000; 
d. 
exceeds Rs.
300,000. 

Rs. 30,000
plus 20% of the amount exceeding Rs. 300,000. 
(C) For a Registered Firm
For
every Registered Firm, the income tax shall be charged on the total
income, at the following rates:
1. 
Where the total
income does not exceed Rs. 30,000. 

Nil 
2. 
Where the total
income exceeds Rs. 30,000 but does not exceed Rs. 80,000. 

5 % of the
amount exceeding Rs. 30,000. 
3. 
Where the total
income exceeds Rs. 80,000 but does not Rs. 130,000. 

Rs. 2,500 plus
10% of the amount exceeding Rs. 80,000. 
4. 
Where the total
income exceeds Rs. 130,000 but does not exceed Rs. 180,000. 

Rs. 7,500 plus
15% of the amount exceeding Rs. 130,000. 
5. 
Where the total
income exceeds Rs. 180,000.


Rs. 15,000 plus
25% of the amount exceeding Rs. 180,000.

Note:
(D) For a Company
For Assessment
Year commencing on or after 01st July, 2002
For
every company not being modaraba, the income tax shall be charged on
the total income, at the following rates:
(a) 
in the case of
a banking company; 

50 per cent 
(b) 
in the case of
a public company other than a banking company; and 

35 per cent 
(c) 
in the case of
any other company. 

45 per cent 
For Assessment
Year commencing on or after 01st July, 1999 but before 01st July, 2002
For
every company not being modaraba, the income tax shall be charged on
the total income, at the following rates:
(a) 
in the case of
a banking company; 

58 per cent 
(b) 
in the case of
a public company other than a banking company; and 

33 per cent 
(c) 
in the case of
any other company. 

43 per cent 
Note:
