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 Provident Fund and Pay and Allowances.
GP Fund
Rates of Mark-up on State Provident Fund (GP Fund) 2019-20 Sindh
. Government of Sindh, the Finance Department has issued a Notification on 23-09-2020 in connection with Rates of Mark-up on State Provident Fund (GP Fund) 2019-20 Sindh. The details of the same are as under:
Punjab Govt GP Fund Markup Rates 2019-2020
Government of the Punjab, Finance Department has issued Notification on 21-08-2020 in connection with Punjab Govt GP Fund Markup Rates 2019-2020. These rates are valid with effect from 1st July 2019 to 30th June 2020. The details are as under:
Notification of New GP Fund Interest Rates 2019-20 (Rates of Mark-Up)
Government of Pakistan, Finance Division has issued Notification on 18-08-2020 in connection with New GP Fund Interest Rates 2019-20 (Rates of Mark-Up) for the Federal Government Employees. According to the letter the revised Rate of Mark-up on state Provident fund i.e. General Provident fund for the Fiscal year 2019-2020 are as under: GP Fund … Read more
Notification Payment of Salary, Pension, Gratuity, Commute, GP Fund & Arrears Sindh
Government of Sindh, the Finance Department has issued Notification on 29-07-2020 in connection with Notification Payment of Salary, Pension, Gratuity, Commute, GP Fund & Arrears Sindh. The details are as under:
Payment of Salary and Pension GP Fund Restoration of Pension Sindh
Government of Sind, the Finance Department has issued Notification on 29-05-2020 in connection with Payment of Salary and Pension GP Fund Restoration of Pension for the province of Sindh.
Finalization of Retirement Pension Papers / Final G.P Fund Payment of Officials
Government of Sindh, School Education & Literacy Department has issued Notification on 18-05-2020 in connection with Finalization of Retirement Pension Papers / Final G.P Fund Payment of Officials. The details of the same are as under: