Web10. Gross income tax @ 6% * Rs. 41,400 11. Tax reductions 12. Senior citizen 50% of gross income tax (10) Rs. 20,700 13 . Teacher/Researcher (as per calculations below) Rs. 10,125 14. Income tax payable [10 minus 12 minus 13] Rs. 10,575 * as applicable to a salaried taxpayer, since salary income is more than 50% of taxable income WebThe Sales Tax Act, 1990. The Federal Excise Act, 2005. The Tax Laws (Amendment) Act, 2024. Finance Acts. Benami Transactions (Prohibition) Act, 2024. Anti-Money Laundering (Second Amendment) Act, 2024. Anti-Terrorism (Third Amendment) Act, 2024. Public Finance Management Act, 2024. The Pakistan Single Window Act, 2024.
FBR income tax slabs for 2024-21: check applicable taxes …
WebJan 17, 2024 · Pakistan levies tax on its residents on their worldwide income. A non-resident individual is taxed only on Pakistan-source income, including income received or deemed … WebWithholding Tax Rates. Applicable Withholding Tax Rates . Updated up to June 30, 2024. crypto with biggest upside
Budget in Brief 2024-21 - Government of Pakistan
WebJan 1, 2024 · The main purpose of this book is to promote the dissemination of the basic notions of taxation from a policy, legal and administrative perspective, offering its readers a balanced view of rights ... WebPakistan, containing estimated receipts and expenditure of the Federal Government for ... Year 2024-21 and Budget Estimates for Fiscal Year 2024-22 are given as under; TABLE 2 (2) Indirect Taxes. FBR Taxes (1+2) (1) Direct Taxes. 20,453 Mark up (Provinces) ... 3.1.3.2 Along with Income Tax, Workers Welfare Fund (WWF) and Workers Profit ... WebIncome Tax: Income tax should be universal and not segmented3. • All incomes should be treated as income and should not be differentiated. • All types of incomes, required to … crypto with biggest growth