Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART II HEAD OF INCOME: SALARY

From: 2023-07-01 - To: 0000-00-00 (3) Where shares issued to an employee under an employee share scheme are subject to a restriction on the transfer of the shares - (a) no amount shall be chargeable to tax to the employee under the head “Salary” until the earlier of - (i) the time the employee has a free right to transfer the shares; or (ii) the time the employee disposes of the shares; and (b) the amount chargeable to…