Sunday, 19 May 2024
Trending
Value of diyat in Pakistan
BLOG

Value of Diyat in Pakistan for Financial Year 2021-2022

The federal government declared an amount of Rs. 4.261 million as compensation (diyat) for the current financial year 2021-22.

The declaration is part of “Qisas and Diyat” Ordinance 1990. Diyat in Islamic law is the financial compensation paid to the victim or legal heirs of the victim in the case of murder or bodily harm or property damage. It is an alternative punishment for Qisas (retribution).

The Ministry of Finance has communicated with the State Bank of Pakistan and the Secretary Law and Justice division about the declaration of the diyat amount for the fiscal year 2021-22.

The government has declared Rs. 4.261 million, to be the value of thirty thousand six hundred and thirty (30,630) grams of silver for the financial year 2021-2022 for the purpose of diyat.

The diyat amount is Rs. 1.48 million more than the amount of 2020-21. The government had declared Rs. 2.77 million compensation amount in 2020-21.

Diyat means financial compensation that victim or heirs of a victim receives. The compensation may be paid in the cases of murder, bodily harm, or damage to property.

Top Tax Consultants Tax Return submission Last Date
Ads:

Diyat | Diyat Amount | Victims | Financial Year 2021-2022 | Diyat In Pakistan | Value of Diyat In Pakistan | Diyat Notification | Diyat In Islam |

See also  State Bank releases Annual Payment Systems Review for Financial Year 20-21
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: