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How to calculate tax on bank profit(profit on debt) greater than 5 million

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in Income Tax – Individuals & AOPs by (20 points)
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So in case if bank profit is higher than 5 million then following formula will be applicable right?
Above 4,000,000= PKR 765,000 + 35%of the amount exceeding PKR 4,000,000
by (11.0k points)
No. You have calculated based on Salaried Tax rates. Profit on debt will be calculated on Business Tax Rates.

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If profit exceeds Rs. 5 million, the entire amount becomes taxable under normal business income slab rates.

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