Income Tax Ordinance, 2001

CHAPTER-I

PRELIMINARY

From: 2023-07-01 - To: 0000-00-00 2. Definitions.- In this Ordinance, unless there is anything repugnant in the subject or context - 1[(19A) “Eligible Person”, for the purpose of Voluntary Pension System Rules, 2005, means an individual Pakistani who 2[holds] a valid National Tax Number 3[or Computerized National Identity Card 4[or National Identity Card for Overseas Pakistanis] issued by the National Database and Registration Authority] 5[ ] 6[:]] 7[Provided that the total tax credit available for the contribution made to approved employment pension or annuity scheme and approved pension fund under Voluntary Pension System Rules, 2005, should not exceed the limit prescribed or specified in section 63.] ___________________________________________________ 1-Clause (19A) inserted vide the Finance Act, 2005 (VII of 2005) 2-The words “has obtained” substituted vide the Finance Act, 2007 (IV of 2007) 3-Inserted vide the Finance Act, 2007 (IV of 2007) 4-Inserted vide the Finance Act, 2008 (I of 2008) 5The words “but does not include an individual who is entitled to benefit under any other approved employment pension or annuity scheme” omitted vide the Finance Act, 2006 (III of 2006) 6-The semicolon substituted by the Finance Act, 2006 (III of 2006) 7-The proviso added vide the Finance Act, 2006 (III of 2006) From: 2008-07-01 - To: 2023-06-30 2. Definitions.- In this Ordinance, unless there is anything repugnant in the subject or context - 1[(19A) Eligible Person, for the purpose of Voluntary Pension System Rules, 2005, means an individual Pakistani who holds a valid National Tax Number or Computerized National Identity Card or National Identity Card for Overseas Pakistanis issued by the National Database and Registration Authority: Provided that the total tax credit available for the contribution made to approved employment pension or annuity scheme and approved pension fund under Voluntary Pension System Rules, 2005, should not exceed the limit prescribed or specified in section 63.] _____________________________________________________________ 1-After the word Card the words or National Identity Card for Overseas Pakistanis were inserted, vide Finance Act, 2008.…