FBR announces tax exemption for low-income employees
The Federal Board of Revenue (FBR) has unveiled the tax structure for salaried individuals for the 2024-25 tax year, providing significant relief to low-income earners. Salaries of up to Rs600,000 annually (or Rs50,000 monthly) will now be exempt from income tax, a measure aimed at easing the burden on lower-income
FY 24-25 budget expected on June 7
In response to IMF pressure, the Pakistan government is contemplating ending tax exemptions in the forthcoming FY budget.
