Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART X TAX CREDITS

From: 2023-07-01 - To: 0000-00-00 1[***] ___________________________________________________________________________________ 1-Sections 64AB was re-numbered as 60D vide the Finance Act, 2017 (XXVII of 2017) assented on 19th June, 2017 and placed after section 60C. From: 2017-07-01 - To: 2023-06-30 1[***] ​ ___________________________________________________________________________________ 1-Sections 64AB was re-numbered as 60D vide the Finance Act, 2017 (XXVII of 2017) assented on 19th June, 2017 and placed after section 60C. From: 2016-07-01 - To: 2017-06-30 1[64AB. Deductible allowance for education expenses.- (1) Every individual shall be entitled to a deductible allowance in respect of tuition fee paid by the individual in a tax year provided that the taxable income of the individual is less than one million rupees. (2) The amount of an individuals deductible allowance allowed under sub-section (1) for a tax year shall not exceed the lesser of- (a) five per cent of the total…