Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART X TAX CREDITS

From: 2023-07-01 - To: 0000-00-00 1[***] _________________________________________________________________ 1-Section “62A(2)” omitted by substituted by Finance Act, 2022, dated 30-06-2022. Before omission section “62A(2)” read as: “62A. Tax credit for investment in health insurance.- (2) The amount of a person’s tax credit allowed under sub-section (1) for a tax year shall be computed according to the following formula, namely:-- (A/B) x C Where-- A is the amount of tax assessed to the person for the tax year before allowance of tax credit under this section;…