s. 4AB

Subject to this Ordinance, a surcharge payable

Charge Of Tax

4AB Subject to this Ordinance, a surcharge shall be payable by every individual and association of persons at the rate of ten percent of the income tax imposed under Division I of Part I of the First Schedule where the taxable income exceeds rupees ten million :
Provided that in case of an individual deriving income chargeable under the head Salary, no surcharge shall be payable. .

Amendment history (8)

Added by the Finance Act, 2003.
The semicolon substituted by the Finance Act, 2005.
Omitted by the Finance Act, 2014. Section 4A was added by Income Tax (Amendment) Ordinance,
Section (4AB) inserted by the Finance Act, 2024.
The expression “(4AB)” substituted by the Finance Act, 2026.
Full stop substituted by semi-colon and a new proviso added by the Finance Act, 2025.
in a tax year” substituted by the Finance Act, 2026.
Inserted by the Finance Act, 2015.

Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.

Source FBR PDF page 34

Unofficial reference, compiled from the FBR’s consolidated Income Tax Ordinance 2001 (amended up to 30 June 2026). Provided for general information only — not an official FBR publication and not legal or tax advice. Always verify against the official FBR text before relying on it for filing or any decision.