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Income Tax Ordinance, 2001
Second Schedule Second Schedule
From: 2025-05-02 - To: 0000-00-00THE SECOND SCHEDULEEXEMPTIONS AND TAX CONCESSIONS[See section 53]PART IEXEMPTIONS FROM TOTAL INCOMEIncomes, or classes of income, or persons or classes of persons, enumerated below, shall be exempt from tax, subject to the conditions and to the extent specified hereunder:1[***]2[***](3) Any income chargeable under the head “Salary†received by a person who, not being a citizen of Pakistan, is engaged as an expert or technical, professional, scientific advisor or consultant or senior management staff by institutions of the Agha Khan Development Network, (Pakistan) listed in Schedule I of the Accord and Protocol dated, November 13, 1994 executed between the Government of the Islamic Republic of Pakistan and Agha Khan Development Network.3[***]4[***]5[(5A) Any allowance or perquisite paid or allowed as such outside Pakistan by the Government to a citizen of Pakistan for rendering service outside Pakistan.]6[***]7[***](8) Any pension received by a citizen of Pakistan from a former employer, other than where the person continues to work for the employer (or an associate of the employer).Provided that where the person receives more than one such pension, the exemption applies only to the higher of the pensions received.8[(9) Any pension-(i) received in respect of services rendered by a member of the Armed Forces of Pakistan or Federal Government or a Provincial Government;(ii) granted under the relevant rules to the families and dependents of public servants or members of the Armed Forces of Pakistan who die during die service.]9[***]10[***](12) Any payment in the nature of commutation of pension received from Government or under any pension scheme approved by the Central Board of Revenue for the purpose of this clause.(13) Any income representing any payment received by way of gratuity or commutation of pension by an employee on his retirement or, in the event of his death, by his heirs as does not exceed-(i) in the case of an employee of the Government, a 10[Local Government], a statutory body or corporation established by any law for the time being in force, the amount receivable in accordance with the rules and conditions of…
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