Corporate

    Windfall Tax (Banks Sec 99D) Calculator

    Section 99D windfall tax on extraordinary banking sector profits (FX income) — model 40% on windfall.

    Default tax year: Tax Year 2026Section 99D windfall tax on extraordinary banking sector profits (FX income) — model 40% on windfall.

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    Section 99D windfall tax 40% on extraordinary banking sector FX profits.

    Rs 1,500,000
    05 M10 M15 M20 M25 M
    Tax base

    Rs 1,500,000

    Department tax

    Rs 600,000

    After tax value

    Rs 900,000

    Effective 40.0%

    By department

    Selected department estimate

    Tax Year 2026

    Windfall Tax (Sec 99D)

    40% on banking sector windfall profit

    Rs 600,000

    Source: ITO 2001 — Section 99D (Finance Act 2023)

    Assumption: 40% windfall tax on banking sector FX windfall income.

    Sources & Act reference

    Statutory citations and modelling notes

    Windfall Tax (Sec 99D)

    ITO 2001 — Section 99D (Finance Act 2023)

    40% windfall tax on banking sector FX windfall income.

    Rule trace

    Applied rule and official references

    Applied rule id: legacy-windfall-tax-punjab-2026

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    Smart insight

    Estimated Windfall Tax (Sec 99D) for Tax Year 2026 is Rs 600,000.

    Estimates only. Verify with latest Finance Act and official jurisdiction notifications before filing or payment.

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