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As Pakistan prepares to unveil its federal budget for the fiscal year 2025–26, a significant policy shift is on the horizon: the government plans to prohibit tax non-filers from purchasing property and vehicles. This measure aims to broaden the tax base and fulfill commitments made to the International Monetary Fund (IMF) under the ongoing loan … Read more

As Pakistan prepares to unveil its federal budget for the fiscal year 2025-26 on June 10, recent developments in negotiations with the International Monetary Fund (IMF) have brought significant changes to the proposed fiscal policies. The IMF has agreed to provide tax relief for the salaried class while rejecting the government’s proposal to impose taxes … Read more

What is a “Return of Income”? The Return of Income is a Form filed by a person to the Income Tax Department. It contains details of the person‟s annual income(s). Obligation to File Income Tax Declarations Who is required to submit a return of income? 1. Every company irrespective of any conditions, whether earning exempt income, … Read more

Salary division and allowances play a significant role in the employment landscape and salary tax calculation in Pakistan. Understanding these concepts can help both employees and employers make informed decisions about compensation and benefits. Salary Division Salary division refers to how an employee’s total compensation is broken down into different components, such as base salary, … Read more

Filing an income tax return can seem like a daunting task, but it is an important part of being a responsible citizen and ensuring that you are paying your fair share of taxes. In this article, we will walk you through the process of how to file your income tax return in Pakistan via online FBR … Read more

What is a Tax Calculator and How to Calculate Income / Salary Tax in Pakistan? A tax calculator is a tool that helps individuals and businesses estimate the amount of taxes they owe based on their income and other financial variables. This can be an important tool for anyone who wants to plan their finances … Read more