Salary tax card – updated for Tax Year 2019

KARACHI: Federal Board of Revenue (FBR) has updated tax rate for salary persons as per Finance Supplementary (Second Amendment) Act, 2019. Read more »

Income Tax Ordinance 2001: tax rates for salary, business individuals

KARACHI: Following are the tax rates for individuals under First Schedule of Income Tax Ordinance, 2001. Read more »

FBR estimates Rs50 billion income tax loss from salary

ISLAMABAD: Federal Board of Revenue (FBR) has estimated loss of Rs50 billion due to downward revision in of tax rates to salary income. Read more »

Salary tax slab of above Rs800,000 to pay Rs2,000 as minimum tax

ISLAMABAD: Federal Board of Revenue (FBR) has said that salary individuals having taxable income above Rs800,000 to Rs12,000 shall pay Rs2,000 as minimum tax for Tax Year 2019.     According to... Read more »