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Securities & Shares Capital Gain Tax Calculator

Calculate capital gains tax on listed securities, mutual funds, and shares under Section 37A.

PakistanIncome TaxTax Period: July 1 – June 30
Statutory source alignment verified for July 1 – June 30 by Finsiva Research & Methodology (Statutory Research)
Statutory Rule & Definition• Verified for July 1 – June 30

Pakistan Securities & Shares Capital Gain Tax Calculator: Under statutory guidelines established by Federal Board of Revenue (FBR), calculate capital gains tax on listed securities, mutual funds, and shares under section 37a. Calculations for July 1 – June 30 determine precise marginal brackets, statutory rate percentages, allowable deductions, and net post-tax retained amounts.

Calculator Input

Your calculation results will appear here.

Enter your details above and click Calculate to see your estimated tax.

Pakistan Securities Capital Gains Tax (Section 37A)

The Pakistan Securities Capital Gains Tax Calculator computes federal CGT on shares, mutual funds, and derivative disposals under Section 37A of the Income Tax Ordinance, 2001. Modeling the NCCPL capital gain tax schedule, holding period classifications, and Active Taxpayer List (ATL) filer versus non-filer rates, it determines net investment gain after tax.

Capital gains on listed equities, shares of public companies, units of mutual funds, and Pakistan Stock Exchange (PSX) financial instruments are taxed under Section 37A of the Income Tax Ordinance, 2001. Unlike other capital assets, securities capital gains tax is automated and withheld directly at source by the National Clearing Company of Pakistan Limited (NCCPL). Securities acquired on or after July 1, 2024, are subject to a flat 15% rate for filers, whereas non-filers are taxed at standard income slabs.

Securities Capital Gains Tax Framework (Section 37A NCCPL) Acquired Post-July 2024 Active Filer Rate 15.0% Flat statutory rate Regardless of holding Mutual Fund Units Money Market: Slabs Equity Funds: 15% Tax Credit S.62 Investments in VPMS/Funds Non-Filer Penality Standard Slabs Up to 45% Non-Filer Surcharge High friction trading

Example Calculation

PKR 5,000,000 Gain on Property, Long Term

Capital Gain Amount:5000000
Cost Basis:10000000
Holding Period:long_term
Asset Type:property

Result

Capital Gains Tax:Rs 750,000
Effective Rate:15%
After-Tax Gain:Rs 4,250,000

Long-term property gain taxed at 15%.

Calculation Methodology

Capital Gains Tax

Short-term: 10%. Long-term property: 15%. Long-term shares: 20%.

Rates vary by holding period and asset type

How to Use the Pakistan Securities CGT Calculator

Understanding Results

Taxable Income: Income subject to tax after deductions.
Tax Amount: Total tax liability.
Effective Rate: Tax as a percentage of your total income.
Take-Home Pay: Income after tax.

Section 37A Securities CGT Schedule

Statutory capital gains rates under Division VII, Part I of the First Schedule:

Securities Acquired on or after July 1, 2024:

Active Filer: 15.0% flat on capital gains

Non-Filer: Standard progressive non-salaried income slabs (15% to 45%)

Securities Acquired between July 1, 2022 and June 30, 2024:

Holding < 1 Year: 15.0% | 1–2 Years: 12.5% | 2–3 Years: 10.0% | 3–4 Years: 7.5% | 4–5 Years: 5.0% | 5–6 Years: 2.5% | > 6 Years: 0%

Automatic NCCPL Withholding: Taxes are computed and remitted monthly directly to the FBR by NCCPL.

Example Calculation

Let's say you have an annual income of PKR 1,200,000.

After applying the Pakistan income tax rules and deductions, your estimated tax liability and take-home pay will be calculated automatically by the tool above. Try entering your own values to see personalized results.

Securities CGT Benchmark Scenarios

Scenario A: Filer Selling PSX Shares (PKR 500,000 Capital Gain)

Input: Active filer selling listed equities acquired in current tax year; net gain PKR 500,000.
Tax Rate: 15% flat statutory rate.
NCCPL Deduction: PKR 500,000 × 15% = PKR 75,000.
Net After-Tax Gain: PKR 425,000.

Scenario B: Filer Disposing of Mutual Fund Units (PKR 1,200,000 Gain)

Input: Active filer realizing PKR 1,200,000 on equity fund units.
Tax Rate: 15% statutory rate.
Capital Gains Tax: PKR 1,200,000 × 15% = PKR 180,000.
Effective Rate: 15.00%.

Scenario C: Non-Filer Realizing Stock Gains (PKR 1,000,000 Gain)

Input: Inactive taxpayer on ATL.
Non-Filer Surcharge: Subject to standard income tax progressive slabs.
Estimated Tax Deduction: Over PKR 250,000 – PKR 350,000 withheld via NCCPL non-filer billing.

Capital Loss Adjustment & NCCPL Certificates

Regulatory rules governing stock market capital gains in Pakistan:

  • Loss Set-Off & Carry Forward: Capital losses sustained on securities under Section 37A can only be set off against capital gains under Section 37A and can be carried forward for up to 3 consecutive tax years.
  • NCCPL Annual Tax Certificate: NCCPL issues an official computerized annual CGT statement reconciling all monthly trade profits, losses, and taxes paid for inclusion in Iris tax filings.
  • Dividend Tax Separate: Dividends received from listed companies are taxed separately under Section 150 (typically 15% for filers, 30% for non-filers) and are not clubbed with capital gains.

Tax Slabs

Pakistan Income Tax slabs vary based on income level and taxpayer profile. Use this calculator to determine your exact liability under current rules.

Common Mistakes

  • Not updating inputs for the correct tax year.
  • Using incorrect residency or employment status.
  • Forgetting to account for all income sources.
  • Not considering eligible deductions and reliefs.

Frequently Asked Questions

What is the capital gains tax rate on PSX shares under Section 37A?
For securities acquired on or after July 1, 2024, the capital gains tax rate is a flat 15% for active filers on the ATL. For non-filers, gains are taxed under standard progressive income slabs.
How does the NCCPL calculate and collect capital gains tax?
The National Clearing Company of Pakistan Limited (NCCPL) automatically calculates net capital gains on all trades executed on the PSX, deducts tax on a monthly net basis, and remits it directly to the FBR.
Can capital losses on shares be carried forward in Pakistan?
Yes. Under Section 37A(5), capital losses on securities can be carried forward for up to three consecutive tax years, but can only be set off against future capital gains on securities.
How are mutual fund capital gains taxed compared to stocks?
Capital gains on equity-oriented mutual funds are taxed at the same 15% rate as listed stocks. Debt and money-market funds are taxed at marginal slab rates.
What happens if a non-filer makes capital gains on the stock exchange?
Non-filers are subject to punitive tax rates up to 45% through NCCPL withholding and face account restrictions under SECP compliance regulations.
Do I need to report NCCPL capital gains on my annual FBR tax return?
Yes. Even though NCCPL deducts the tax at source, taxpayers must report gross disposal consideration, cost, and tax deducted in the Capital Assets schedule of Form 114 on Iris.

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Official Government Resources

Always verify tax calculations with the latest information from official government sources.

Educational Disclaimer

This calculator is provided for informational and educational purposes only. It does not constitute legal, financial, or tax advice. Tax laws are complex and subject to change. Always consult a qualified tax professional or your local tax authority for advice specific to your circumstances.

Finsiva Financial Editorial Board
Finsiva Financial Editorial Board
Financial Content & Tax Research

Finsiva researches tax rules and calculation parameters using official government sources and reviews financial content for accuracy, methodology, and statutory changes.