{"id":94033,"date":"2023-06-26T14:00:00","date_gmt":"2023-06-26T09:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=94033"},"modified":"2023-06-26T17:24:28","modified_gmt":"2023-06-26T12:24:28","slug":"new-income-tax-rates-businessmen","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/new-income-tax-rates-businessmen.html","title":{"rendered":"Budget 2023-24: Govt introduces new income tax rates for businessmen, AOPs"},"content":{"rendered":"\n<p>Islamabad: The government has introduced new income tax rates for businessmen, along with the revised slabs for individuals and association of persons (AOPs) under the amended Finance Bill 2023, according to news published on June 25.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/kp-records-massive-pay-pension-spendings-budget.html\" target=\"_blank\" rel=\"noreferrer noopener\">KP Govt\u2019s 4-month Budget 2023-24 with PKR 462bn outlay unveiled<\/a><\/p>\n\n\n\n<p>The new income tax rates for businessmen are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>For taxable income exceeding PKR 600,000 but not exceeding PKR 800,000, the tax rate is 7.5% of the amount exceeding PKR 600,000.<\/li>\n\n\n\n<li>For taxable income exceeding PKR 800,000 but not exceeding PKR 1,200,000, the tax rate is PKR 15,000 plus 15% of the amount exceeding PKR 800,000.<\/li>\n\n\n\n<li>For taxable income exceeding PKR 1,200,000 but not exceeding PKR 2,400,000, the tax rate is PKR 75,000 plus 20% of the amount exceeding PKR 1,200,000.<\/li>\n\n\n\n<li>For taxable income exceeding PKR 2,400,000 but not exceeding PKR 3,000,000, the tax rate is PKR 315,000 plus 25% of the amount exceeding PKR 2,400,000.<\/li>\n\n\n\n<li>For taxable income exceeding PKR 3,000,000 but not exceeding PKR 4,000,000, the tax rate is PKR 465,000 plus 30% of the amount exceeding PKR 3,000,000.<\/li>\n\n\n\n<li>For taxable income exceeding PKR 4,000,000, the tax rate is PKR 765,000 plus 35% of the amount exceeding PKR 4,000,000.<\/li>\n<\/ul>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/punjab-budget-unveiled-outlay-pkr-1-719t.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab presents 4-month budget 2023-24 with outlay of PKR 1.719t<\/a><\/p>\n\n\n\n<p>These new income tax rates for businessmen, along with the revised slabs for individuals\/AOPs, have been implemented to ensure a fair and progressive taxation system while generating additional revenue for the government.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has introduced new income tax rates for businessmen, along with the revised slabs for individuals and association of persons (AOPs) under the amended Finance Bill 2023&#8230;..<\/p>\n","protected":false},"author":83,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[57076,57141],"persona":[],"class_list":{"0":"post-94033","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-budget-2023-24","9":"tag-budget-2023-24-govt-introduces-new-income-tax-rates-for-businessmen-aops","10":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Income Tax Rates for Businessmen- Zameen News<\/title>\n<meta name=\"description\" content=\"The government introduced new income tax rates for businessmen and revised slabs for AOPs under the Finance Bill 2023....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/new-income-tax-rates-businessmen.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Income Tax Rates for Businessmen- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The government introduced new income tax rates for businessmen and revised slabs for AOPs under the Finance Bill 2023....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/new-income-tax-rates-businessmen.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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