Income Tax

Chancellor Rachel Reeves is reportedly weighing an increase in income tax to fill a £30bn fiscal gap — a move that could break Labour’s key manifesto pledge. Treasury sources say …

Islamabad, June 18, 2025: The Senate Standing Committee on Finance on Wednesday suggested zero percent income tax for individuals earning up to Rs. 1.2 million annually. Senator Shibli Faraz emphasized …

In a move to offer relief to salaried class of Pakistan, an agreement has been expressed to make monthly salary up to Rs. 83,000 tax-free.

The FBR has been tasked to compile a report identifying the teachers whose salaries were deucted and the status of their refunds.

Utopia delegation said that delay in reimbursement has resulted in reduced production capacity and salary payment issues.

Islamabad: Federal government has decided to abolish 30,968 government posts as part of its rightsizing initiative, aimed at improving efficiency and focusing on core responsibilities. This decision was shared with …

Islamabad, March 28: The Federal Cabinet has reinstated the 25% income tax rebate for teachers following intervention by the Federal Tax Ombudsman (FTO), bringing relief to educators across Pakistan. During …

ISLAMABAD/KARACHI March 14: The Pakistan Software Houses Association (P@SHA) has called for a more balanced and supportive taxation system to encourage the growth of the IT sector. In its Budget …

The World Bank has recommended that Pakistan consider taxing monthly salaries below Rs50,000 and reduce the income threshold for charging the highest income tax rate of 35% for salaried individuals. …

Finance Bill 2023 ISLAMABAD: The Finance Bill 2023 carries many amendments that will impact income tax, sales tax, and federal excise duty in the financial year 2023-24. Income Tax Tax …