Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART II HEAD OF INCOME: SALARY

From: 2023-07-01 - To: 0000-00-00 5[(7) Where a loan is made, on or after the 1st day of July, 2002, by an employer to an employee and either no profit on loan is payable by the employee or the rate of profit on loan is less than the benchmark rate, the amount chargeable to tax to the employee under the head “Salary” for a tax year shall include an amount equal to- (a) the profit on loan computed at the benchmark rate, where no profit on loan is payable by the employee, or (b) the difference between the amount…