About this document
STCG Rebate Comparison: ITO 1984 vs 2023 by sajib is a document available to read on EtoBox.
The document compares the tax rebate impacts for individual assessees under the Income Tax Ordinance of 1984 and the proposed Income Tax Act of 2023. While the tax amounts for various income levels remain unchanged for most brackets, significant reductions in rebates are noted for higher incomes under the new act. The maximum investment tax rebate decreases from 15 Lac to 10 Lac, with changes in the calculation method affecting overall tax liabilities for higher earners.
- Author
- sajib
- Language
- EN