Lahore 22°C
President’s honours
(1) Any allowance attached to any Honour, Award, or Medal awarded to a person by the President of Pakistan shall be exempt from tax under this Ordinance.
(2) Any monetary award granted to a person by the President of Pakistan shall be exempt from tax under this Ordinance.
(2) Any monetary award granted to a person by the President of Pakistan shall be exempt from tax under this Ordinance.
Amendment history (1)
- The words “Central Board of Revenue” substituted by the Finance Act, 2007.
Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.
Source FBR PDF page 103
Unofficial reference, compiled from the FBR’s consolidated Income Tax Ordinance 2001 (amended up to 30 June 2026). Provided for general information only — not an official FBR publication and not legal or tax advice. Always verify against the official FBR text before relying on it for filing or any decision.