Rs1.2m

Govt exempts income tax on annual salary below Rs1.2m

by

[ad_1] Chairperson of the Pakistan Peoples Party Bilawal Bhutto Zardari said on Thursday that his party was wholeheartedly supporting federal budget after the government accepted its demands to exempt income tax on salaried individuals earning Rs100,000 and reduce sales tax on solar panels.  The income tax on annual income of Rs1.2 million has been exempted on the … Read more

Senate panel proposes tax exemption for annual income up to Rs1.2m

by

[ad_1] Listen to article ISLAMABAD: Senate’s Standing Committee on Finance has recommended exempting income tax for individuals earning up to Rs1.2 million per year. In addition, it approved a proposal to increase the limit for property purchases by non-filers from 130 per cent to 500 per cent of their declared assets. The committee met under the chairmanship … Read more