FBR Tax on Bank Profit & Savings Account 2026-27: Complete Guide Quick Answer
For tax year 2026-27, banks in Pakistan deduct withholding tax on profit on debt (bank profit) under Section 151 of the Income Tax Ordinance, 2001, at 15% for filers and 30% for non-filers on profit up to Rs. 5 million in a tax year. This is generally a final tax for individual and AOP depositors, meaning the profit is not added to your normal taxable income once tax has...