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GOVERNMENT OF PAKISTAN CENTRAL BOARD OF REVENUE C. No.16(1)ITP/97 Islamabad, the August 22, 1997, CIRCULAR NO. 10 OF 1997 (INCOME TAX) SUBJECT: COMPUTATION OF INCOME TAX PAYABLE BY SALARIED PERSONS

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What is computation of income tax?

The computation of income tax refers to the process of calculating the amount of tax an individual or business owes to the government based on their taxable income.

Who is required to file computation of income tax?

Individuals and businesses with taxable income above a certain threshold are required to file a computation of income tax.

How to fill out computation of income tax?

To fill out a computation of income tax, you need to gather all the necessary financial information, such as income, deductions, and credits, and use that information to calculate the taxable income and the corresponding tax liability.

What is the purpose of computation of income tax?

The purpose of computation of income tax is to determine the amount of tax that an individual or business owes to the government based on their taxable income.

What information must be reported on computation of income tax?

The computation of income tax requires the reporting of various financial information, such as income from different sources, deductions, credits, and any other relevant information prescribed by the tax authorities.

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