Pakistan Tax Blog

FBR updates, income tax guides, and practical tips for Pakistani taxpayers, freelancers, and businesses

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Budget 2025-202616 Jun 2025

Targeted Relief for the Salaried Class: Who Really Wins?

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

Financial Desk

Budget 2025-202615 Jun 2025

Salaried Tax Relief vs. Hikes: Progressive Changes in Budget 2025–26

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

Financial Desk

Budget 2025-202610 Jun 2025

FBR Abolishes 4% Further Sales Tax to Formalize Dealers & Retailer in Tax Net

The Federal Board of Revenue (FBR) is preparing to take a bold and strategic step in the upcoming Budget 2025–26. The authority plans to eliminate the 4% “further sales tax” that currently applies to supplies made by registered enterprises to unregistered buyers. Although this measure will lead to a temporary dip in revenue collection, the … Read more

Financial Desk

Budget 2025-20264 Jun 2025

Pakistan’s 2025–26 Budget: Government to Ban Non-Filers from Purchasing Property and Vehicles

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

Financial Desk

Budget 2025-20264 Jun 2025

IMF Rejects Cash and Gold Taxes, Offers Relief for Salaried Class in Pakistan

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

Financial Desk

Income Tax4 Jun 2025

Common Details of Income Tax Calculation

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

Financial Desk

Income Tax4 Jun 2025

Salary Division and Allowances in Pakistan

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

Financial Desk

Income Tax4 Jun 2025

How to File an Income Tax Return in Pakistan?

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

Financial Desk

Income Tax4 Jun 2025

How to Calculate Income Tax?

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

Financial Desk

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