Galaxy World

The Federal Tax Ombudsman Islamabad issued a decision on 23-08-2022 in connection with Tax Concession for Teachers 3% tax instead of 10% on Examination Duties and Others.  Some main points are as under:

I am sharing here for the information of the employees, the Income Tax Calculator 2022-23 for Salaried Persons. The employees can calculate their monthly as well as annual tax in just a few seconds. Mr. Mahmood Arshad Wattoo has prepared…

I am sharing the Revision of Income Tax and Stamp Duty Rates 2022 for immovable property. The details are as under:

I am sharing here the latest Income Tax Rates 2022-23 for Salaried Persons (Employees) with Slabs. There was various news regarding an increase in tax rates for employees. Now the Government has issued the latest chart of the salaried person’s…

The Federal Board of Revenue (FBR) has issued the clarification regarding the Clarification of Tax on Salary, Pension, GP Fund, and Gratuity. There were rumours in the newspaper that FBR has imposed a tax on Medical reimbursement, Pension, Gratuity/Commutation, General…

Government of Pakistan, Revenue Division, Federal Board of Revenue has issued a letter on 29-03-2021 in connection with Exemption of Special Judicial Allowance from Deduction of Income Tax. The details of the same are as under:

Federal Board of Revenue has Filing Made Friendly for Salaried Persons Taxpayers. Now the employees can make their own file easily by following a few steps to become filer.