Agricultural Income Tax (Punjab) 2024
Land Slab | Tax Rate (Irrigated) | Tax Rate (Unirrigated) |
---|---|---|
Up to 12.5 acres | Exempt | Exempt |
12.5 – 25 acres | Rs.300/acre | Rs.150/acre |
25 – 50 acres | Rs.400/acre | Rs.200/acre |
Above 50 acres | Rs.500/acre | Rs.250/acre |
Mature Orchards | Rs.600/acre | Rs.300/acre |