Budget 2024-25: How much tax will you pay on your salary?
The government has introduced a hefty Rs1.761 trillion in new revenue measures for the next fiscal year, likely leading to further inflation. Significant changes to the tax structure for salaried individuals are among these measures, aiming to raise an additional Rs75 billion. Previously, the salary exemption limit has been static
Budget 24-25: proposal to increase taxes on filers and non-filers
WEB DESK: The federal budget for 2024 proposes an increase in the rates of filer and non-filer taxes for the next fiscal year. According to the budget document, a proposal to increase the tax on capital gains on property has been made for the upcoming fiscal year. As per the
Federal Budget 2024-25: New taxes propose to generate additional Rs 2trn revenue
WEB DESK: In the upcoming budget, new taxes are proposed to generate an additional revenue of Rs. 2 trillion. Furthermore, a 5% sales tax on petroleum products is likely to be imposed in the initial phase. Through this tax it is expected to generate approximately Rs. 600 billion in revenue. Moreover,
Pensions exempted from taxes in 2024-25 budget: Report
In a significant update, it has been reported that the upcoming 2024-25 budget will not include any taxes on pensions. According to sources familiar with the matter, Finance Minister Muhammad Aurangzeb successfully convinced the International Monetary Fund (IMF) to exclude taxes on monthly pensions in the 2024-25 budget. Pakistani officials
