Bank deposits of salaried persons surge by 35 percent to Rs2.252 trillion

KARACHI: The deposits of salaried persons in the domestic banking system surged by 35 percent in August 2020 as financial institutions provided safe avenue for investment. The banking deposits of salaried persons... Read more »

Tax collection from salaried persons surges by 68 percent

KARACHI: The collection of income tax from salaried persons registered 68 percent growth during July – March 2019/2020 due to upward revision in tax rates on various salary slabs, State Bank of... Read more »

Tax slabs for salaried person for tax year 2020/2021

KARACHI: Following are the tax slabs for salaried persons to be applicable during tax year 2021 (2020/2021). S. No. Taxable income Rate of tax (1) (2) (3) 1. Where taxable income does... Read more »

PTBA recommends restoring Rs1.2 million threshold for salaried persons

KARACHI: Pakistan Tax Bar Association (PTBA) has recommended to restore basic threshold of Rs1,200,000 for salaried persons in the budget 2020/2021. According to a presentation of Zeeshan Merchant, advocate high court, given... Read more »

FBR helps salaried persons in filing returns through video tutorials

ISLAMABAD: Federal Board of Revenue (FBR) has issued video tutorials for filing income tax returns by salaried persons for tax year 2019. Read more »

Salary tax slabs for filing returns tax year 2019

KARACHI: The salaried person shall follow the following slabs for filing income tax returns for tax year 2019 which is due on September 2019. Read more »

FBR issues draft return forms for salaried, business individuals for tax year 2019

ISLAMABAD: Federal Board of Revenue (FBR) has issued draft income tax return form for salaried and business individuals for tax year 2019. Read more »