AIOU PAST PAPER CODE 456 SEMESTER SPRING 2015
Aiou past paper for business taxation code 456 for the semester spring 2015. The code 456 is offered to Bachelor level students of Open University just to give introduction of income tax ordinance 2001 along with little touch of sales tax act and custom act of Pakistan. The tags for this are aiou old paper code 456, aiou past paper code 456, aiou old paper code 456 spring 2015, aiou past paper code 456 spring 2015.
Here we are sharing with you the schedule of tax rates for the tax year 2014-2015. These rates will help you to solve the assignment or questions which are related with the tax year 2014 – 2015. You should have to learn by heart because if you have not this schedule you will not be able to solve the questions and you may lose marks. It is the problem of laws that you should have to write the same words which have been used in laws, you cannot write meaning or words by your own.
Schedule of Tax Rates for the Tax Year 2014-15
1:- Where the taxable income does not exceed Rs.400, 000 = 0%
2 Where the taxable income exceeds Rs.400, 000 but does not exceed Rs.750, 000 = 5% of the amount exceeding Rs.400, 000
3 Where the taxable income exceeds Rs.750, 000 but does not exceed = Rs. I, 400,000 Rs.I7, 500+ 10% of the amount exceeding Rs.750, 000
4 Where the taxable income, exceeds Rs. 1,400,000 but does not exceed Rs. I, 500,000 = Rs.82, 500+ 12.5% of the amount exceeding Rs.1, 400,000
5 Where the taxable income exceeds Rs. 1, 500,000 but does not exceed = Rs. 1, 800,000 Rs.95, 000+ 15% of the amount exceeding Rs. 1,500,000
6 Where the taxable income exceeds Rs. 3, 800,000 but does not exceed Rs…, 500.000 = Rs. 140,000 + 17.5% of the amount exceeding Rs. 1,800,000