✔ What Counts as Agriculture Income?

Agriculture income includes crops, orchards, vegetables, livestock and dairy income, and revenue generated from land cultivation.

✔ Punjab Agriculture Tax Slabs

• • Up to Rs. 400,000 → 0%
• • 400,001 – 800,000 → Rs. 1,000 + 5% of amount exceeding 400,000
• • 800,001 – 1,200,000 → Rs. 2,000 + 5% of amount exceeding 800,000
• • 1,200,001 – 2,400,000 → 5% of amount exceeding 1,200,000
• • 2,400,001 – 4,800,000 → Rs. 60,000 + 10% of amount exceeding 2,400,000
• • Above 4,800,000 → Rs. 300,000 + 15% of amount exceeding 4,800,000

✔ Who Must Pay Agriculture Tax?

• Landowners earning over Rs. 400,000 yearly.
• Commercial farmers.
• Owners of orchards & agriculture estates.

✔ Benefits of Paying Agriculture Tax

• Helps maintain clean tax compliance.
• Required for bank loans and agriculture financing.
• Legal compliance with Punjab Revenue Authority.

✔ Common Mistakes

• Assuming agriculture income is fully exempt.
• Not filing annual tax statements.
• Wrong slab-based tax calculation.