How much value of agri income is exempted in FBR-IT-Return 2025..?

Question

If agri. Income is 10 Lakh( also total income). According to Punjab Agri income tax rate flat 2k is submitted to inland rev. Now in income tax return did we will put all 10 lakh to exempted agri income..?

Answer 1

Agricultural income is subject to taxation only under provincial laws, not federal. Each province collects and regulates its own agricultural income tax.

Such income is exempt from federal income tax under the Income Tax Ordinance, 2001.
However, it must still be declared in the income tax return for disclosure purposes.