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The Punjab Finance Act 2019-Notification Provincial Assembly of the Punjab

The Punjab Finance Act 2019 has been notified by Provincial Assembly of the Punjab on 28-06-2019. The same bill has been passed on 26th June 2019 by the Punjab Assembly. Summary is as under: It extends to whole of the…

July 3, 2019 · by Galaxy World · 0

Income Tax Collection Amount as Per Annum Basis for Salaried Persons

I am here sharing the Income Tax Collection Amount as Per Annum Basis for the salaried persons. In this chart you will find the following: Taxable Income per month Taxable Income per annum Tax Incidence before Tax Incidence after Change…

June 12, 2019 · by Galaxy World · 3

Complete Income Tax Slabs 2019-20 for Salaried Persons

I am here sharing the Complete Income Tax Slabs 2019-20 for Salaried Persons for their information. Tax range is 5% to 35% that has been covered into 11 slabs as given in the table. If an employee gets salary 600,000/-…

June 11, 2019 · by Galaxy World · 7

New Income Tax Rates 2019-20 for Government Employees

According to the Budget Speech 2019-20, I am sharing the New Income Tax Rates 2019-20 for Government Employees for Government Employees. Detail is as under: Minimum taxable income has been fixed Rs. 600,000/- per annum for the salaried persons and…

June 11, 2019 · by Galaxy World · 2

Extension in Date Filing Income Tax Returns upto 30th June 2019

Government of Pakistan, Revenue Division, Federal Board of Revenue Islamabad has issued Notification on 03-06-2019 in connection with Extension in Date Filing Income Tax Returns upto 30th June 2019.                 According to the Notification, the date of filing of returns…

June 4, 2019 · by Galaxy World · 0

News Regarding Final Date of Announcement of Budget 2019-20 & Income Tax Limits for Employees

According to Daily Dunya Prime Minister of Pakistan has approved the summary of Final Date of Announcement of Budget 2019-20. Detail is as under: Final Date of Announcement of Budget 2019-20 According to the news, the date of announcement of…

May 25, 2019 · by Galaxy World · 0

Notification Extension in Date of Filing of Income Tax Returns/Statements upto 30th Nov 2018

Government of Pakistan Revenue Division Federal Board of Revenue Islamabad has issued Notification on 30-09-2018 in connection with Extension in Date of Filing of Income Tax Returns/Statements upto 30th Nov 2018. Detail is as under:

October 1, 2018 · by Galaxy World · 0