Lahore 22°C
Workers’ Participation Fund
Workers’ Participation Fund.— A person shall be entitled to a deductible allowance for the amount of any Workers’ Participation Fund paid by the person in a tax year in accordance with the provisions of the Companies Profit (Workers’ Participation) Act, 1968 (XII of 1968) or under any law relating to the Workers’ Profit Participation Fund enacted by Provinces after the eighteenth Constitutional amendment Act, 2010:
Provided that this section shall not apply in respect of any amount of Workers’ Profit Participation Fund paid to the province by a trans-provincial establishment.
Provided that this section shall not apply in respect of any amount of Workers’ Profit Participation Fund paid to the province by a trans-provincial establishment.
Amendment history (7)
- Added by the Finance Act, 2003.
- Added by the Finance Act, 2021.
- Added by the Finance Act, 2004.
- Section 64A is re-numbered by the Finance Act 2017
- Section 60C omitted by Finance Act, 2022 . Omitted section
- Section 64AB is re-numbered by the Finance Act, 2017.
- Inserted by the Finance Act, 2017.
Amendment notes captured from the source page(s); they may include changes to neighbouring provisions.
Source FBR PDF page 118
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.