Capital Gains Tax Calculator for PSX Shares

Capital gains tax (CGT) is charged on the profit you make when you sell shares: the sale price minus what you paid. In Pakistan it is a final tax on listed securities under section 37A, which means NCCPL calculates it, your broker collects it when the sale settles, and there is nothing more to pay on that gain. After the tax year NCCPL issues an annual certificate showing what was collected. A sale at a loss pays nothing.

The rate depends on when you bought the shares, not when you sell, and on whether you are on the FBR Active Taxpayers List (ATL). That is why this calculator asks for the buy date first. Several purchases of the same stock are separate lots, each with its own rate, and a sale uses the oldest lot first.

Dividends are taxed at source instead, which the dividend tax calculator covers, and gains on land and houses follow their own rules in the property tax calculator.

These are the section 37A rates for filers on sales in tax year 2027, the full table.

Non-filers pay double these rates. The Tenth Schedule raises the rate by 100% for anyone off the Active Taxpayers List, and the Finance Act 2026 removed the last exclusion for shares. That is 30% on shares bought on or after July 1, 2024, 25% on shares bought July 1, 2013 to June 30, 2022, twice the holding-period rates above on shares bought July 1, 2022 to June 30, 2024, and still nothing on shares bought before July 1, 2013. NCCPL's tax year 2027 table lists the same non-filer rates. For the filer requirement see the note on the Active Taxpayers List below.

You buy 1,000 shares at Rs 100 and sell them on October 31, 2026 at Rs 160, a gain of Rs 60,000. The tax depends only on the purchase date and your filer status.

The first row reads “Bought on March 3, 2023 and held 3 years 7 months: 7.5%.” Being on the Active Taxpayers List is worth Rs 9,000 on this one trade.

• Losses on listed securities can be set off against gains on listed securities only, and unused losses carry forward for up to 3 tax years. In one sale, a losing lot shelters a gaining lot: selling lots with a Rs 10,000 gain and a Rs 4,000 loss at 15% leaves Rs 6,000 taxable, which is Rs 900 of tax.
• Several lots are sold first in, first out, and each lot uses the rate for its own purchase date. NCCPL matches your sales to purchases on its own records, so the calculator's lot matching is an estimate of its figure.
• Trading costs such as commission and CDC fees can be entered under More options to reduce the taxable gain. Whether NCCPL deducts them in its own computation can vary, so this is optional and off by default. The brokerage calculator totals those fees for any trade.

The ATL is the FBR's list of people who have filed their return. Filers pay the rates in the table; non-filers pay double. The tax is worked out when the sale settles, so your status on the day of the sale is the one the calculator uses. For shares bought on or after July 1, 2024 the 15% filer rate also needs you to have been on the list on the day you bought: Division VII of Part I of the First Schedule to the Ordinance gives it to people on the list on both dates. The Act does not spell out a mixed case, and the calculator takes a single status, so if you were off the list on either day, choose non-filer to see the cautious figure. Check your status on the FBR list before you trade, and again before you sell a large position.

Funds work differently: the fund deducts tax from your redemption proceeds, and the tax is final. Individuals pay 15% on the gain from a stock fund and 15% on the gain from any other fund. Companies pay 15% on stock funds and 25% on other funds. Units bought on or before June 30, 2024 and held for more than 6 years are exempt. The 6 years run from each purchase date, so units bought in earlier years already qualify, and the last units that can qualify are those bought on June 30, 2024, which pass 6 years after June 30, 2030. Non-filers are expected to pay double.

A stock fund unit bought on February 1, 2025 and redeemed on October 31, 2026 is taxed at 15% of the gain. Switch the calculator to “Mutual fund units” to run your own numbers, and use the SIP calculator to see what a monthly plan could grow to before tax.