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Salary tax calculator | Salary tax slabs | Salary Tax Rates | Tax Card | 2021-2022 |

Salary tax calculator | Salary tax slabs | Salary Tax Rates | Tax Card | 2021-2022 |

As per Finance Act 2021 presented by Government of Pakistan, following salary tax slabs of salaried persons and salary income tax rates will be applicable for salaried persons for the financial year 2021-2020 (Tax Year…

MARKETS
State Bank of Pakistan maintained the Monetary Policy rate for the next two months

State Bank of Pakistan maintained the Monetary Policy rate for the next two months

The State Bank of Pakistan (SBP) Monetary Policy Committee on Friday maintained the policy rate at 7% for the next two months. State Bank of Pakistan Governor Dr. Raza Baqir said that the MPC observed…

BUDGET
FBR called for income tax proposals for 2021/2022 budget

FBR called for income tax proposals for 2021/2022 budget

The Federal Board of Revenue (FBR) called for income tax proposals for the 2021/2022 budget and asked stakeholders to submit the same by February 15, 2021. The FBR has asked suggestions from the tax offices…

UPDATES
e-payment limit of taxes abolished

e-payment limit of taxes abolished

Payment of customs duty and taxes of more than Rs 1 million will also be accepted through e-payment after January 20. To this end, a joint meeting has been convened by the State Bank of…

UPDATES
FBR established Export Oriented Sectors Registration Cell (ESRC)

FBR established Export Oriented Sectors Registration Cell (ESRC)

Federal Board of Revenue (FBR) issued an office order on Thursday for establishment of ‘export oriented sectors Registration cell’ to allow concessionary tariff on supply of electricity and gas to export-oriented sectors (former zero-rated sector).…

UPDATES
FBR directed to issue income tax exemption certificates against gratuity and provident funds

FBR directed to issue income tax exemption certificates against gratuity and provident funds

On Saturday, officials said the Federal Board of Revenue (FBR) had directed for issuance of Income Tax Exemption Certificate to Provident / Gratuity Funds after Inland Revenue offices had verified genuine applications for taxpayer convenience.…

Businesses
PTCL license expired

PTCL license expired

According to PTCL, the business operation license of Pakistan Communication Company Limited (PTCL) expired on December 31, 2020. Now, PTCL is in conversation with the PTA (regulator) for the renewal for renewal of license. PTCL…

UPDATES
FBR issued no of tax returns submitted up to year end 2020

FBR issued no of tax returns submitted up to year end 2020

According to a statement issued by Federal Board of Revenue (FBR) they have received 2.3 million income tax returns for tax year 2020 by December 31, 2020. It is to remind here that the last…

UPDATES
FBR’s datewise activities in year 2020

FBR’s datewise activities in year 2020

FBR ISSUES CLARIFICATION (Federal Board of Revenue has issued a clarification regarding extension in Prime Minister’s Construction package.) Dec 31, 2020 2.19 MILLION INCOME TAX RETURNS FILED Dec 26, 2020 SMUGGLED GOODS WORTH 29 BILLION SEIZED…

BUDGET
Retailers registered with FBR started obtaining CNIC of consumers on sales above than Rs100,000

Retailers registered with FBR started obtaining CNIC of consumers on sales above than Rs100,000

Retailers registered with the Federal Board of Revenue (FBR) have begun obtaining details of computerized national identity cards (CNICs) from consumers who buy goods worth more than Rs 100,000, tax officials said. Limit of CNIC…

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