In Pakistan two tax regimes are working in income tax and tax liability is the sum of the two.
a) Normal Tax Regime (NTR) calculated on the basis of net profit adjusted for tax deductibles and tax non-deductibles.
b) Final Tax Regime (FTR) previously known as presumptive tax regime (PTR) which is lesser than normal tax rate and is full and final payment in respect of those payment, these are imports, exports, royalties, dividends, supplies, services, etc.