1. Income from Salary

Income received by an individual from an employer under an employer–employee relationship.

Includes:

• Basic salary

• Allowances (house rent, medical, conveyance, etc.)

• Bonuses and commissions

• Perquisites (company car, accommodation, utilities)

2. Income from Property

Income earned from renting out immovable property.

Includes:

• Rent from houses, flats, shops, or commercial buildings

• Advance rent

• Forfeited security related to lease

3. Income from Business

Income derived from trade, profession, or commercial activities.

Includes:

• Business profits (sole proprietorship or partnership)

• Professional income (doctors, lawyers, consultants, freelancers)

• Manufacturing, trading, or service income

4. Capital Gains

Profit arising from the sale of immovable property (plot, house, or building).

Tax depends on:

• Holding period

• Type of property

• FBR-notified fair market value

• Applicable exemptions (if any)

5. Income from Other Sources

Income not covered under any other head.

Includes:

• Dividends

• Prize bonds or lottery winnings

• Bank profit / interest

• Profit on debt

• Royalty or technical service fees