Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART I COMPUTATION OF TAXABLE INCOME

From: 2023-07-01 - To: 0000-00-00 9. Taxable income.- The taxable income of a person for a tax year shall be the total income under clause (a) of section 10 of the person for the year reduced (but not below zero) by the total of any deductible allowances under Part IX of this Chapter of the person for the year. ___________________________________________________________________________________ After the word income, occurring for the second time, the expression under clause (a) of section 10 were inserted, vide Finance Act, 2012. From: 2012-07-01 - To: 2023-06-30 9. Taxable income.- The taxable income of a person for a tax year shall be the total income under clause (a) of section 10 of the person for the year reduced (but not below…