RTO-III Karachi to examine income of all salary persons of private sector

KARACHI: Regional Tax Office (RTO) –III Karachi has been authorized to examine incomes all salary persons in private sector within the jurisdiction of Karachi division. Read more »

Salary persons should obtain withholding income tax deduction certificates to get refund/adjustment

KARACHI: Salary persons having above threshold income for tax year 2019 should obtain certificates of withholding tax in order to get refund / adjustment after filing annual income tax returns. Read more »

Finance Bill 2019: late filer salary persons allowed ATL entry

ISLAMABAD: The government has allowed late filers to include Active Taxpayers List (ATL) after payment of penalty. Presently, as per law the late filers are not allowed to ATL entry till next... Read more »

Finance Bill 2019: Salary Tax card for tax year 2020

ISLAMABAD: The government has withdrawn tax incentives to salary persons and introduces massive changes in the tax card for salaried persons through Finance Bill 2019. Read more »

Salary income threshold may be revisited after huge tax loss

ISLAMABAD: The government may restore threshold of taxable salary income to June 30, 2018 level in the budget 2019/2020 after facing Rs50 billion revenue loss in the current fiscal year and considering... Read more »

Salary persons’ bank deposits surge by 17.26pc to Rs1,569 billion

KARACHI: Bank deposits of salaried persons have sharply increased by 17.26 percent to Rs1,569 billion for the period ended December 31, 2018 as compared with Rs1,338 billion in the same period of... Read more »