Page 79 - Muzaffargarh Gazzetteer
P. 79

17        2012-13           17,778,920         17,778,920         100

                  18        2013-14           18,267,137         17,800,527         97


                  19        2014-15           18,814,575         18,814,575         100

                  20        2015-16           19,699,430         19,699,430         100

                  21        2016-17           20,998,081         20,998,081         100

                  22        2017-18           20,016,975         20,016,975         100


                  23        2018-19           21,711,150         21,711,150         100

                          Grand Total        483,336,876        468,939,136         97

               Slabs for income based AIT:

                 (1)   Where  the  total  income  does  not  exceed  0%
                       Rs.400,000/-
                 (2)   Where   the   total   income   exceeds  Rs.1000/-
                       Rs.400,000/-  but  does  not  exceed
                       Rs.800,000/-
                 (3)   Where   the   total   income   exceeds  Rs.2000/-
                       Rs.800,000/-  but  does  not  exceed
                       Rs.12,00,000/-
                 (4)   Where     the     income      exceeds  5%  of  the  amount  exceeding
                       Rs.12,00,000/-  but  does  not  exceed  Rs.12,00,000/-
                       Rs.24,00,000/-
                 (5)   Where   the   total   income   exceeds  Rs.60,000/-  plus  10%  of  the
                       Rs.24,00,000/-  but  does  not  exceed  amount           exceeding
                       Rs.48,00,000/-                         Rs.24,00,000/-
                 (6)   Where   the   total   income   exceeds  Rs.300,000/- plus 15% of the
                       Rs.48,00,000/-                         amount            exceeding
                                                              Rs.48,00,000/-

               According to the provisions of the Act ibid the owner of 50 acres or above is
               bound to submit return of the agriculture income in the office of Assistant
               Commissioner/Collector Sub-Division concerned. In the year 2010-11, the
               Government of Punjab obtained data from the Federal Board of Revenue of
               the land owners who had submitted their assessed income in Income Tax
               Returns on the basis of which the Sub-Divisional Collectors were assigned
               the task of assessing and collecting the agriculture income tax. The details

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