Income Tax

Inland Revenue, Office of the inland Revenue Officer Withholding Taxes Unit – 02 Regional Tax Officer, Bahawalpur issued a Notification regarding Changes in Income Tax Rates 2024-25 for Salaried Persons. The details are as follows:

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 1^st 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 1^st July 2024. The Government may make some amendments to it.

I am sharing the Income Tax Calculator 2024-25 for Salaried Persons. This calculator to calculate income tax on salary is effective from 1^st July 2024. The employees can easily calculate their monthly and annual tax on their salaries. The details are as follows:

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 31^st October 2023 to fill and submit the income tax returns.

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.…

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.