197 Collector of Customs means the person appointed as Collector of Customs under section 3 of the Customs Act, 1969

(IV of 1969), and includes a Deputy Collector of Customs, an Additional Collector of Customs, or an officer of customs appointed as such under the 1 aforesaid section; [ ]
2

[value of goods means the value of the goods as determined under the Customs Act, 1969 (IV of 1969), as if the goods were subject to ad valorem duty increased by the customs-duty, federal excise duty and sales tax, if any, payable in respect of the import of the goods.]
3

[Explanation.- For the purpose of this section the expression edible edible oils includes crude oil, imported as raw material for manufacture of ghee or cooking oil.]
4

[ ] Division III Deduction of Tax at Source

149. Salary. (1) Every employer paying salary to an employee shall, at the time of payment, deduct tax from the amount paid at the employees average rate of tax computed at the rates specified in Division I of Part I of the First
1

The word and omitted by the Finance Act, 2004. Substituted by the Finance Act, 2007. The amendment is applicable retrospectively. The substituted expression value of goods read as follows: value of goods means the value of the goods as determined under section 25 of the Customs Act, 1969 (IV of 1969), as if the goods were subject to ad valorem duty increased by the customsduty and sales tax, if any, payable in respect of the import of the goods; and 3 Inserted by the Finance Act, 2006. 4 Omitted by the Finance Act, 2005. The definition of industrial undertaking read as follows: Industrial undertaking means an undertaking which is set up or commenced in Pakistan on or after the 14th day of August, 1947, and which employs (i) ten or more persons in Pakistan and involves the use of electrical energy or any other form of energy which is mechanically transmitted and is not generated by human or animal agency; or (ii) twenty or more persons in Pakistan and does not involve the use of electrical energy or any other form of energy which is mechanically transmitted and is not generated by human or animal agency and which is (i) engaged in (a) the manufacture of goods or materials or the subjection of goods or materials to any process, which substantially changes their original condition; (b) ship-building; (c) generation, transformation, conversion, transmission or distribution of electrical energy, or the supply of hydraulic power; or (d) the working of any mine, oil-well or any other source of mineral deposits not being an undertaking to which the Fifth Schedule applies; or (ii) any other industrial undertaking which may be approved by the Central Board of Revenue for the purposes of this clause.
2

198 Schedule on the estimated income of the employee chargeable under the head 1 Salary for the tax year in which the payment is made after making [adjustment of tax withheld from employee under other heads and tax credit admissible under section 61, 62, 63 and 64 during the tax year after obtaining documentary 2 evidence], as may be necessary, for [:]
3

[(i)

tax withheld from the employee under this Ordinance during the tax year; any excess deduction or deficiency arising out of any previous deduction; or failure to make deduction during the year;]

(ii)

(iii)

(2) The average rate of tax of an employee for a tax year for the purposes of sub-section (1) shall be computed in accordance with the following formula, namely: A/B where A is the tax that would be payable if the amount referred to in component B of the formula were the employees taxable income for that year; and is the employees estimated income under the head Salary for that year.
4

150. Dividends. Every [person] paying a dividend shall deduct tax from the 5 gross amount of the dividend paid [ ] at the rate specified in Division III of Part I of the First Schedule. 151. Profit on debt. (1) Where
6

[(a) a person pays yield on an account, deposit or a certificate under the National Savings Scheme or Post Office Savings Account;]

1 2 3

The words such adjustment substituted by the Finance Act, 2007. Inserted by the Finance Act, 2007.

The words any excess deduction or deficiency arising out of any previous deduction or failure to make a deduction during the year. substituted by the Finance Act, 2007. 4 The words resident company substituted by the Finance Act, 2009. 5 The words or collect tax from the shareholder in the case of bonus shares, omitted by the Finance Act, 2002. 6 Substituted by the Finance Act, 2003. The substituted clause (a) read as follows: (a) a person pays yield on a National Savings Deposit Certificate, including a Defence Savings Certificate, under the National Savings Scheme;