FBR to automate business tax returns on PM’s orders
Prime Minister Shehbaz Sharif has approved the introduction of a pre-filled tax return system under the Income Tax Ordinance 2001 for taxpayers. The system will be implemented starting September 23 for salaried individuals during the fiscal year 2024-25. Read More: PMD warns of dengue outbreak in major cities across Pakistan
Pakistani salaried workers demand tax reduction in letter to PM
Pakistan’s salaried class has united to write a letter to the prime minister, requesting tax relief and policy revisions. Salary Alliance Pakistan, representing these workers, also sent a copy to the finance minister. The letter criticises the government’s disproportionate tax burden on salaried individuals, noting that their tax contributions exceed
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