Salaried Pakistanis Drive Income Tax Growth Despite Overall Shortfall ISLAMABAD — Even as monthly tax collections fell short by Rs50 billion, salaried Pakistanis stepped up, significantly boosting income tax revenues. According to the Federal Board of Revenue (FBR), from July to August 2025, the salaried class paid Rs85 billion in income tax — up from […]
There are six income tax slabs for the salaried individuals added to the Finance Bill. According to the bill, individuals earning up to Rs600,000 annually will be completely exempt from income tax in the budget 2025-26. In the second slab, those earning between Rs600,001 and Rs1.2 million per annum will pay 1% income tax on […]
The PML-N-led coalition government will present the budget 2024-25 tomorrow (Wednesday). Sources privy to the development said direct taxes worth Rs3452 billion and custom duty worth Rs267 bln will be slapped in the budget 2024-25. New taxes are proposed for income tax, capital value, sales, services, FED, and others. Sugar, rice, flour, and milk prices […]
The benchmark KSE-100 Index opened with a bullish trend. At 09:27 am, the index gained 200 points before plunging to the lowest level of 72,993.48 points during the intraday trade. During the intraday session, the 100-index experienced a negative trend with a high recorded at 73,909.14 points while the lowest was recorded at 72,982.59 points […]
The decision has been taken to provide an easy way for customs agents and lawyers to efficiently pay their sales tax on services. It was decided that rates for the fixed tax will be adopted as per the recommendations sent by the KPRA team to the finance department for the budget. The lawyers will be […]
FBR: The Federal Board of Revenue’s Large Taxpayer Unit in Islamabad on Wednesday sealed the main business premises of cellular company Jazz. It was alleged that non-payment of Rs-25.393 billion income tax for the tax year 2018. Earlier in the day, a notice was issued to Principal Officers Pakistan Mobile Communication Limited (PMCL); Aamir Hafeez […]
