Income Tax Ordinance, 2001

CHAPTER-III

TAX ON TAXABLE INCOME PART X TAX CREDITS

Income Tax Ordinance, 2001 CHAPTER-III TAX ON TAXABLE INCOME PART X TAX CREDITS From: 2024-12-29 - To: 0000-00-00 1[***] _________________________________________________________________ 1-Section “62A” omitted by substituted by Finance Act, 2022, dated 30-06-2022. Before omission section “62A” read as: “62A. Tax credit for investment in health insurance.- (1) A resident person 2[***] other than a company shall be entitled to a tax credit for a tax year in respect of any health insurance premium or contribution paid to any insurance company registered by the Securities and Exchange Commission of Pakistan under the Insurance Ordinance, 2000 (XXXIX of 2000), provided the resident person 2[***] is deriving income chargeable to tax under the head “salary” or “income from business”. (2) The amount of a person’s tax credit allowed under…