Excise and Taxation Department

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Wednesday 16th April 2014
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This tax is levied under the Sindh Finance Act, 1964.
I.The basis of this tax is to bring various categories of persons engaged in different trade, callings and professions.  

 Schedule Of  Professional Tax

Categories

Particulars

Rate of Tax (per annum)

1

All persons assessed to Income Tax:- All persons engaged in any professional, trade Calling or      employment, other than those mentioned hereinafter and assessed   to in the preceding Financial year.

RS. 150/-

2

All Limited Companies with paid up capital & reserve:- All  Limited Companies, Modarbas, Mutual Fund, and any other body corporate with “paid-up capital” or “paid up share Capital and reserves” in the preceding year whichever is more:-1)       Not exceeding Rs. 10. Million

Rs.10,000/-

2) exceeding Rs. 10 million but not

exceeding Rs. 25 million

Rs.15,000/-

3) exceeding Rs. 25 million but not

exceeding Rs. 50 million

Rs.20,000/-

4) exceeding Rs. 50 million but not

Rs.50,000/-

exceeding Rs. 100 million

5) exceeding Rs. 100 million but not

Rs.75,000/-

exceeding Rs. 200 million

6)  exceeding Rs. 200 million

Rs.100,000/-

6)exceeding Rs. 200 million

3

All establishments other than limited companies with Annual   Turnover:  Holders of import or export licence, owners of industries, factories  and commercial establishments; contractors engaged in construction work of  supplying goods or providing services or lab our; all whole sellers and agents, good or services for others as owner or on commission basis, medical and legal practitioners, auditors, video shop and any other persons providing professional services and shops assessed to income tax in the proceeding professional services and shops assessed to turn over.

1) Not exceeding Rs. 0.5 million

Rs.500/-

2) exceeding Rs. 0.5 million but not

Rs.1500/-

exceeding Rs. 5 million

3) exceeding Rs. 5 million but not

Rs.2500/-

exceeding Rs. 25 million

4) exceeding Rs. 25 million but not

exceeding Rs. 100 million

Rs.5,000/-

5) exceeding Rs. 100 million but not

Rs.10,000/-

exceeding Rs. 500 million

6) exceeding Rs. 500 million  but not

Rs.30,000/-

exceeding Rs. 1000 million

7) exceeding Rs. 1000 million

Rs.100,000/-

4

Establishments not assessed to Income Tax:-

Rs. 500/-

All factories not, shops or establishments including video shops, real estate shop/agencies, land car dealers not assessed to income tax in the proceeding financial year.

5

All petrol pumps & CNG station

Rs. 2500/-

 

News & Events

Tax collection in Sindh gets a major boo

April 10, 2014 Daily Times    KARACHI: Sindh Excise and Taxation Department (E&TD) collected more than Rs 23.017 billion in taxes by February 2014, showing an increase of Rs 3.965 billion as compared to Rs 19.052 billion collected during the corresponding  period of last year.  According to a document available with the PPI news agency, all the seven different taxes collected by the (E&TD) sowed  growth until  February 2014 as compared to the collections during the same period of last fiscal year.   The E&TD collected Rs 2,649.079 million in terms of motor vehicle tax until February, showing an increase of Rs 389.885  million.The collection during the same period of last fiscal year stood at Rs 2,259.194 million.  Similarly, an amount of Rs 2,240.695 million was collected through excise tax as compared to Rs 1,860.552  million in the similar period of last fiscal year, showing an increase of Rs 380.143 million. The infrastructure cess  collection recorded a boost of Rs 2,877.303 million as Rs 16,359.736 million was collected until February of this  fiscal year (2013-14) compared to Rs 13,482.433 million in the similar period of 2012-2013.  Moreover, the E&TD collected an amount of Rs 136.825 million until February in terms of cotton fee as compared to  Rs 122.876 million last year, showing an increase of Rs 13.949 million. The collection of property tax until February of the  current fiscal year made a reasonable growth of Rs 279.800 million at Rs 1,405.653 million against Rs 1,125.853 million c ollected in the same period last year.  Professional tax collection also made a modest rise of Rs 20.726 million at Rs 202.377 million until February as compared  to Rs 181.651 million collected in the corresponding period last year.  The entertainment duty collected during the current fiscal year showed a slightest increase of Rs 3.292 million at Rs 23.040  million as compared to Rs 19.748 million of the last year.  Talking to PPI, Excise and Taxation Director Shoaib Siddiqui said that the rise in revenue collection was due to efforts of  the people in the department, and that they were hopeful that the revenue target set by the government for the fiscal year  would be achieved.   He said that the majority of revenue collection made by his department came from motor vehicle tax and infrastructure cess,  while the recovery of both the taxes stood at 100 percent.  ...

Monday, 14 April 2014

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