The surcharge applies to individuals and associations of persons, while salaried individuals are specifically exempt under Section 4AB.
(more…)Tag: salary income
-
Revised salary tax rates implemented from July 1, 2026
Finance Act 2026 introduces lower tax rates and revised income slabs for salaried individuals from FY2026-27
(more…) -
Government faces backlash over Rs50 billion tax relief for high-paid executives
Finance Bill 2026 accused of favouring top earners while lower-income salaried workers receive no meaningful relief
(more…) -
Salary income up to Rs1.2 million to pay 1% tax: Aurangzeb
Islamabad, June 21, 2025 – Finance Minister Senator Muhammad Aurangzeb on Saturday announced significant tax relief for the salaried class, stating that salary income of up to Rs1.2 million annually will now be subject to only 1% income tax from the next fiscal year.
(more…) -
Finance Bill 2025 unveils revised salary income tax rates
Karachi, June 11, 2025 – In a major fiscal shift aimed at adjusting the tax burden on salaried individuals, the Finance Bill 2025 has proposed new income tax rates for salary earners in Pakistan.
(more…) -
New Salary Tax Slabs Unveiled through Finance Bill 2024
Islamabad, June 12, 2024 – The Finance Bill, 2024 has unveiled new salary income tax slabs for the fiscal year 2024-25, signaling significant changes in the taxation structure for salaried individuals.
(more…) -
Check Latest TY2024 Tax Rates on Salary in Pakistan
As tax year 2024 unfolds, citizens of Pakistan who derive their income from salaries are urged to stay updated with the latest tax rates to ensure compliance with tax regulations and accurate filing of income tax returns.
(more…) -
Salary Tax Rates in Pakistan Unveiled for 2024
Karachi, January 2, 2024 – Pakistan has released the salary tax rates for the tax year 2024, outlining a progressive taxation structure.
(more…) -
FBR Unveils Method for Computing Tax on Salary Income in Tax Year 2024
-
FBR Unveils Updated Tax Rates for Salaried Persons in 2023-24
Islamabad, July 26, 2023 – The Federal Board of Revenue (FBR) has recently updated the tax rates for salaried individuals for the tax year 2023-24.
(more…)