PROFIT ON DEBT U/S 151

Every person paying yield on account ,deposit or certificate under National Saving Scheme or Post Office saving Account,

financial institution ,

Federal ,Provincial Government pays to any person

The payer of the interest/ yield/ profit shall deduct tax at rate specified in First Schedule at the gross amount as reduced by amount of Zakat.

The amount of tax deducted shall be final tax except ( adjustable) 

01 if taxpayer is company

02. profit on debt is taxable U/S 7 B.