Download Income Tax Slabs and Tax CalculationsI have prepared the Income Tax Calculations 2024-25 and 2023-24 with the help of old Income Tax Slabs and new expected I. Tax slabs. All these calculations depend on the approval of new tax rates with effect from 1st July 2024 as per Budget Speech 2024-25. Still, we are calculating on the basis of the budget speech Copy 2024-25 Federal of the Finance Minister. These calculations are not yet final. However, After approval, these will take effect from 1st July 2024. The Government may make some amendments to it.
Tax & Finance
Latest Income Tax Calculator 2024-25 for Salaried Persons
I am sharing the Income Tax Calculator 2024-25 for Salaried Persons. This calculator to calculate income tax on salary is effective from 1st July 2024. The employees can easily calculate their monthly and annual tax on their salaries. The details are as follows:
Proposal of 1% to 5% Tax on Pension in Budget 2024-25
There is a Proposal of 1% to 5% Tax on Pension in Budget 2024-25. However, this tax on pension will not be for all pensioners. There is a proposal to fix the range to impose a tax on pensions. The details are as follows:
Notification Extension Date Filing Income Tax Returns 2023
Government of Pakistan, Revenue Division Federal Board of Revenue Inland Revenue issued a Notification on 30-09-2023 in connection with the Extension Date for Filing Income Tax Returns 2023. According to the Notification FBR has extended the date to 31st October 2023 to fill and submit the income tax returns.
New Income Tax Slabs 2023-24 for Employees / Salaried Persons
I am sharing here the New Income Tax Slabs 2023-24 for Employees / Salaried Persons. The false news of an increase in taxes for all Government Employee’s salaries is spreading. It is not true as the revised tax rates do not affect all government Employees. It will only impact a specific range of Taxable Salaries. … Read more
Revised Withholding Taxes Rates for Vehicle
Government of Pakistan has issued the Revised Withholding Taxes Rates for Vehicle. The government takes measurement under serious economic circumstances in Pakistan. I share you here the Tax-Rate List.
Revised Rates of Sales Tax 2023 Pakistan
Government of Pakistan, Ministry of Finance and Revenue, Revenue Division issued a Notification on 14-02-2023 in connection with Revised Rates of Sales Tax 2023 Pakistan. The details are as under: