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THR FIRST SCHEDULE
Para A substituted by Finance Supplementary (Amendment)
Act, 1997. The new tax rates shall, for the purpose of deduction of tax on salaries
paid on or after the first day of July 1997, take effect on the first day of July 1997,
and for the purpose of assessment in respect of the assessment year commencing on or after
the first day of July 1998, take effect on the first day of July 1998. For the application
of tax rates for assessment year 1997-98 see the substituted paragraph 'A' below.
RETURN
Substituted for "25%" by Finance Act, 1997.
Clause (c) omitted by Finance Act, 1997.
Figure and comma "42," omitted by Finance Act, 1997.
Substituted by Finance Act, 1997.
FROM [In the case of every individual. . . . . . . . . . .
. . . . . (d) on the income . . . . . . . of such income]
Para CC substituted by Finance Act 1991 w.e.f. assessment year 1992-93. It was originally
inserted by Finance Act, 1989 and was then substituted by Finance Act, 1990.
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Words "being resident in Pakistan during the corresponding income
year," deleted by Finance Act, 1992.
Substituted for "company referred to in sub-clauses (a) and (b) of
clause (16) of section 2 or any finance society" by Finance Act, 1997.
Clause (e) inserted by Finance Act, 1995.
Para CCC inserted by Finance Act, 1991 w.e.f. assessment year 1991-92
for the purposes of assessment and w.e.f. July l, 1991 for the purpose of deduction or
collection of advance tax.
Inserted by Finance Act, 1994.
Substituted for "Three" by Finance Act, 1995.
Substituted for "two" by Finance Supplementary (Amendment)
Act, 1997. Earlier it was substituted for "Two" by Income Tax (Second Amendment)
Ordinance, 1997 dated 14th February, 1997, w.e.f the day the Tax Adjustment Ordinance,
1996 shall stand repealed. This amendment was made by Tax Adjustments Ordinance, 1996
dated October 22, 1996 with immediate effect.
Substituted for "four" by Finance Supplementary (Amendment)
Act; 1997. Earliest it was substituted for "four" by Income Tax (Second
Amendment) Ordinance, 1997 dated 14th February 1997 w.e.f. the day the Tax Adjustment
Ordinance, 1996 shall stand repealed. This amendment was made by Tax Adjustments
Ordinance, 1996 dated October 22, 1996 with immediate effect. Earlier "Four" was
substituted for "Two" by Finance Act, 1995.
Clause (e) inserted by Finance Act, 1996. For the purpose of assessment
of income it shall take effect from the assessment year 1997-98 onwards.
Clause (ii) inserted by Finance Act, 1994.
Clause (a) substituted and part (i) & (ii) inserted by Finance Act,
1998. Dated 1st July 1998.
Substituted for "seven" by Finance Act, 1995.
Brackets and words etc. inserted by Finance Act, 1995.
Clause (d) inserted by Finance Act, 1995.
Para CCCC inserted by Finance Act, 1992 w.e.f. assessment year 1993-94.
Para CCCC substituted by Finance Act, 1997.
Para D substituted by Finance Act, 1995.
Para DD substituted by Finance Act, 1991 w.e.f. July 1, 1991, it was
originally inserted by Finance Ordinance, 1980 and was later substituted by Finance Acts,
1984, 1989 and 1990.
Para DDA inserted by Finance Act, 1994.
Para DDD substituted and parts (i & ii) inserted by Finance Act 1998. Dated 1st July, 1998.
Para DDDD inserted by Finance Act, 1987.
Substituted for "20" by Finance Act, 1994.
Para E substituted by Finance Act, 1991 w.e.f. July 1, 1991.
Sub-para (i) inserted by Finance Act, 1994.
Clause (a) substituted Finance Act, 1998 dated 1st July,
1998.
Substituted for "Three" by Finance Act, 1995.
Substituted for "two" by Finance Supplementary (Amendment)
Act, 1997. Earlier it was substituted "Two" by Income Tax (Second Amendment)
Ordinance, 1997 dated 14th February 1997 w.e.f. the day the Tax Adjustment Ordinance, 1996
shall stand repealed. This amendment was made by Tax Adjustments Ordinance, 1996 dated
October 22, 1996 with immediate effect.
Sub-para (ii) inserted by Finance Act, 1994.
Clause (a) substituted by Finance Act, 1998, dated 1st July
1998.
Substituted for "seven" by Finance Act, 1995.
Brackets and words inserted by Finance Act, 1995.
Clause (d) inserted by Finance Act, 1995.
Para EE inserted by Finance Act, 1989 w.e.f. July 1, 1989 for the
purposes of deduction of advance tax.
Para F substituted by Finance Act, 1991 w.e.f. July 1, 1991. Earlier
Para F substituted by Finance Ordinance, 1981 w.e.f. July l, 1981 and by Finance
Ordinance, 1980 w.e.f. July l, 1980.
Substituted for "four" by Finance Supplementary (Amendment)
Act, 1997. Earlier it was substituted For "Four" by Income Tax (Second
Amendment) Ordinance, 1997 dated 14th February 1997 w.e.f. the day the Tax Adjustment
Ordinance, 1996 shall stand repealed. This amendment was made by Tax Adjustments
Ordinance, 1996, dated October 22, 1996 with immediate effect. Earlier the figure
"Four" was substituted for "Two" by Finance Act, 1995.
Pare FF substituted by Finance Act, 1997. Earlier it was inserted by
Finance Act, 1992.
Pare FFF inserted by Finance Act, 1995. Earlier a different pare FFF was
inserted by Finance Act, 1993 and was omitted by Finance Act, 1994.
Pare G substituted by Finance Act, 1989 w.e.f. July l, 1989 for the
purposes of deduction of advance tax. Earlier Clause (2) of Pare G was substituted by
Finance Ordinance, 1980 w.e.f. July 1, 1980.
Sub-paragraphs (1) and (2) substituted by Finance Act, 1996.
Clause (3) Substituted by Finance Act, 1998 dated 1st July.
1998.
Para GG substituted by Finance Act, 1991 w.e.f. July 1, 1991. Earlier
Para GG was inserted by Finance Act, 1989 w.e.f. July 1, 1989 for the purposes of
deduction of advance tax.
Para GGG inserted by Finance Act, 1995.
Substituted for paragraph H by Finance Act, 1996 w.e.f. assessment year
1997-98 onwards. It was inserted by Finance Ordinance, 1981 w.e.f. July l, 1981.
Para HH inserted by Finance Act, 1989 w.e.f. July 1, 1989 for the
purposes of deduction of advance tax.
Substituted for "Five" by Finance Act, 1996.
Para HHH inserted by Finance Act, 1993.
Para HHHH inserted by Finance Act, 1990 w.e.f. July 1, 1990, it Was
originally numbered as HHH but was renumbered as HHHH by Finance Act, 1993.
Para J inserted by Finance Act, 1991 w.e.f. July 1, 1991 for the purpose
of deduction of advance tax.
Para K inserted by Finance Act, 1992.
Subparagraph (a) substituted by Finance Act, 1996.
Substituted by Finance Act, 1993, to change the rate in clause (i) from
Nil to Rs. 30 and in clause (ii) from Rs. 30 to Rs. 40.
Paragraph (L) substituted by Finance Act, 1998. Dated 1st
July 1998.
Substituted for "Ten per cent of the bill" by Finance Act,
1997.
Para A omitted by Finance Act, 1994.
Para C substituted by Finance Act, 1991 w.e.f. assessment year 1992-93.
The original para was earlier substituted by Finance Ordinance, 1983 w.e.f. assessment
year 1983-84, by Finance Act, 1986 w.e.f. assessment year 1986-87 and by Finance Act, 1987
w.e.f. assessment year 1987-88.
Inserted by Finance Act, 1992.
Para D omitted by Finance Act, 1994.
Para 'E' inserted by Finance Ordinance, 1980.
Sub-para (i) omitted by Finance Act, 1994.
Sub-para (ii) substituted by Finance Act, 1994.
Part III substituted by Finance Act, 1990 w.e.f.
assessment year 1990-91, earlier it was re-inserted by Finance Act, 1988 w.e.f. assessment
year 1988-89. Earlier this Part was omitted by Finance Act, 1986. Before omission, the
original Part III was amended by Finance Ordinances, 1980, 1981 and 1982 and then
substituted by Finance Ordinance, 1983.
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Paragraph A omitted by Finance Supplementary (Amendment) Act, 1997.
Sub-paragraphs (a) and (b) omitted by Finance Supplementary (Amendment)
Act, 1997.
Words, brackets, letters and figure "except clause (c) of the
proviso to sub-paragraph (1) of paragraph A of Part I thereof omitted by Finance Act,
1997. Earlier these were inserted by Finance Act, 1988.
Substituted for "paragraph C of Part I and paragraph A of Part II
of this Schedule as if the assessee were a company to which the first proviso to paragraph
A of the said Part II applied" by Finance Act, 1996
Clause (2) substituted by Finance Act, 1997.
Sub-para (2A) inserted by Finance Ordinance, 1980 w.e.f. assessment year 1981-82
Sub-para (2B) inserted by Finance Ordinance, 1980.
Sub-paragraph (2C) inserted by Finance Act, 1991 w.e.f. assessment year
1992-93.
Words inserted by Finance Act, 1997.
Words inserted by Finance Act, 1997.
Sub-paragraph (2D) inserted by Finance Act, 1991 w.e.f. assessment year
1992-93.
Words "or medical" omitted by Finance Act, 1993.
Words inserted by Finance Act, 1997.
Words "medical or" omitted by Finance Act, 1993.
New clause (2E) inserted by Finance Act, 1997.
Substituted for "thirty" by Finance Act, 1994.
Substituted for "Income Tax Officer" by Finance Act, 1993.
Substituted for "Assistant Commissioner" by Finance Act, 1993.
Substituted for "; and" by Finance Act, 1992.
Explanation inserted by Finance Act, 1992.
Sub-para (2) substituted by Finance Ordinance, 1983 w.e.f. income year
relevant to assessment year 1983-84.
Sub-paragraph (4) omitted by Finance Act, 1991.
Part V inserted by Finance Act, 1992.
TABLE substituted by Finance Act, 1998. Dated 1st July 1998.
Sub-paragraph (2A) inserted by Finance Supplementary (Amendment) Act,
1997.
Sub-paragraph (3) inserted by Finance Act, 1993.
Substituted for "1998-99" by Finance Act, 1996.
Substituted for full stop by Finance Act, 1993.
FROM [Provided that, for any assessment . . . . . . . . . . . . . . . .
. . . . . . 12.5 per cent of total income.]
Provisos inserted by Finance Act, 1993.
Substituted for full stop by Finance Act, 1994
FROM [Provided that rates of . . . . . . . . . . . . . . . . . .
transmission line projects.]
Proviso inserted by Finance Act, 1994.
Words etc. inserted by Finance Act, 1995.
Clause (h) and (i) added by Finance Act. 1998. Dated 1st July 1998.
Inserted By Finance Act, 1994.
Clause (a) has been substituted and his parts inserted by Finance Act. 1998 dated 1st July 1998.
Word "and" omitted by Finance Act, 1998. Dated 1st
July 1998.
After Clause (g) the following new clauses shall be added by Finance Act 1998. Dated 1st July 1998.
Clause (a) Substituted by Finance Act. 1998, Dated 1st July 1998.
The Words "the rate applicable to a company" shall be substituted By Finance Act 1998. Dated 1st July 1998.
These words "or more" substituted by Finance Act. 1998 Dated 1st July 1998.
Sub-clause (e), (f) & (g) added by finance Act 1998. Dated 1st July 1998.
Sub clause added by Finance Act 1998. Dated 1st July 1998.
Words "1998-99" substituted by Finance Act 1998.
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