Professional Tax

PROFESSIONAL TAX

This tax is levied under the Sindh Finance Act, 1964.

  • The basis of this tax is to bring various categories of persons engaged in different trade, callings and professions.  


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 exceeding Rs. 100 million Rs.50,000/-
5) exceeding Rs. 100 million but not Rs.75,000/-
6) exceeding Rs. 200 million Rs.100,000/-
3

All establishments other than limited companies with Annual :

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 exceeding Rs. 5 million Rs.1500/-
3) exceeding Rs. 5 million but not exceeding Rs. 25 million Rs.2500/-
4) exceeding Rs. 25 million but not exceeding Rs. 100 million Rs.5,000/-
5) exceeding Rs. 100 million but not exceeding Rs. 500 million Rs.10,000/-
6) exceeding Rs. 500 million but not exceeding Rs. 1000 million Rs.30,000/-
7) exceeding Rs. 1000 million Rs.100,000/-

4

Establishments not assessed to Income Tax:-

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.

Rs. 500/-
5

All petrol pumps & CNG station

Rs. 2500/-