Tag: Income Tax Pakistan

When Pakistan rolled out its budget for fiscal year 2025–26 in June 2025, it promised a measure of relief for salaried workers, an increasingly vocal segment in a country grappling with inflation and widening fiscal deficits. But as with many government measures, the impact depends on who you are: a low-income urban worker, a mid-level … Read more

The federal budget for fiscal year 2025–26, unveiled on June 10, 2025, introduces significant reforms targeting the salaried class in Pakistan. These reforms strike a balance between targeted tax relief for low- and middle-income earners and increased revenue mobilization from higher-income brackets. Here’s a detailed analysis of what the changes mean for salaried individuals. 1. Tax Slab Revisions: Relief … 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

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