FBR allows monthly salary up to Rs25,000 paid in cash as business expense

ISLAMABAD: Federal Board of Revenue (FBR) has allowed monthly salary up to Rs25,000 per employee paid in cash as business expense after amendment made to Income Tax Ordinance, 2001. The FBR on... Read more »

Senate advises salary increase by 10 percent

ISLAMABAD: The Senate of Pakistan has recommended increase in salary of government employees by at least 10 percent for fiscal year starting July 01, 2020. As per the general consensus recommendations of... Read more »

Tax deduction allowed on salary up to Rs25,000 paid in cash

KARACHI: The Finance Bill 2020 has proposed major changes related to tax deduction in order to provide relief to business community. Under the proposed amendments the threshold amount has been increased up... Read more »

Sindh unveils Rs1.2 trillion budget 2020/2021 with no new tax, 10 percent salary increase

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Wednesday presented Rs1.2 trillion provincial budget 2020/2021 with announcing no new tax and increase of 10 percent salary of the provincial government employees.... Read more »

Commission constituted to review salary, perks of government employees

ISLAMABAD: The federal government has constituted a pay and pension commission to review existing salary and perks. According to the finance ministry, the government of Pakistan had constituted a Pay and Pension... Read more »

Salary tax potential much higher than existing collection: FBR

KARACHI: Federal Board of Revenue (FBR) has said that income tax from salary is an important source of revenue the world over. The real potential is much higher than the present collection,... Read more »

Gratuity to be treated as salary for tax matters

KARACHI: Federal Board of Revenue (FBR) has said that gratuity received by an employee during his lifetime shall be treated as salary income and will be subject to tax under Income Tax... Read more »

Cash payment above Rs15,000 as salary not to be treated as income

KARACHI: An amount above Rs15,000 paid in cash as salary will not be treated as income and employers will not be allowed adjustment. Read more »

Budget 2019/2020: salary, pension increased up to 10 percent

ISLAMABAD: The government has announced increase up to 10 percent in salary and pension in the federal budget 2019/2020. Read more »