Pakistan ‘plans’ income tax relief for salaried class
- 09-Mar-2026
Prime Minister Shehbaz Sharif has given in-principle approval to a proposal aimed at providing income tax relief to the salaried class in Pakistan, ARY News reported on Monday, citing sources. The plan suggests lowering the maximum income tax rate by five percentage points to 30% and removing the super tax imposed on high-income earners as […]
Salaried class emerges as top income tax contributor in Q1 of FY 2025-26
- 21-Oct-2025
ISLAMABAD: The salaried class has once again become the leading contributor to income tax revenue in the first quarter of the current fiscal year (FY 2025-26), showing a significant increase compared to the past year, ARY News reported on Tuesday, citing sources from the Federal Board of Revenue (FBR). According to FBR sources, salaried individuals […]
FBR extends deadline of submission of Income Tax Returns till Oct 15
- 01-Oct-2025
Islamabad: The Federal Board of Revenue on Tuesday night extended the date for submission of Income Tax Returns till October 15, the FBR stated, ARY News reported. The government taking a major step for the people has extended the deadline for the submission of the Income Tax Returns for a more 15 days. The FBR […]
FBR abolishes asset market value condition in Income Tax filing
- 27-Sep-2025
ISLAMABAD: The Federal Board of Revenue (FBR) on Friday removed the ‘estimated market value column’ from income tax return form 2025 on the directions of the Prime Minister of Pakistan for the facilitation of taxpayers. The prime minister constituted a committee, chaired by the Federal Minister for Law Senator Azam Nazeer Tarar to examine the […]
FBR urged to enforce third-party audits to curb tax evasion
- 22-Sep-2025
ISLAMABAD: Chief Commissioner Income Tax Ayesha Farooq has written a letter to the Federal Board of Revenue (FBR), raising serious concerns about widespread misreporting in annual income tax returns, ARY News reported. According to the letter, many taxpayers are submitting false or misleading information in their filings. “People live in lavish houses, use air conditioners […]
Salaried class remains top tax contributor during July-August 2025: FBR
- 05-Sep-2025
Like the previous fiscal year, the salaried class once again emerged as the leading contributor to income tax in the ongoing fiscal year 2025-26, ARY News reported on Friday, quoting the Federal Board of Revenue (FBR). Despite a shortfall of Rs50 billion in monthly tax collection, salaried individuals contributed significantly more in income tax payments. […]
Oman becomes first Gulf state to impose income tax
- 23-Jun-2025
MUSCAT: Oman has announced plans to introduce a five per cent income tax on individuals earning more than 42,000 Omani riyals (approximately Rs30.97 million) annually, starting in 2028. With this move, Oman will become the first country in the Gulf Cooperation Council (GCC) to implement a personal income tax. The introduction of this tax, under […]
IMF ‘agrees’ to income tax relief for salaried class in budget 2025-26
- 03-Jun-2025
In a major development during ongoing budget negotiations between Pakistan and the International Monetary Fund (IMF), the Fund has agreed to provide income tax relief to the salaried class, ARY News reported on Tuesday, citing sources. According to official sources, the IMF is now willing to reduce income tax rates across all salary slabs. Sources […]
SHC dismisses petition against income tax collection in electricity Bills
- 08-Oct-2024
KARACHI: The Sindh High Court (SHC) Tuesday dismissed a petition challenging income tax collection in electricity bills by K-Electric (KE), ARY News reported. SHC heard the plea against collection of tax collection in the electricity bills. The Sindh High Court in its verdict said the tax collection is imposed under the Finance Act and questioned […]
Income Tax Rates in Pakistan 2024-25
- 27-Jul-2024
ISLAMABAD: In the latest announced ‘tax-filled’ budget 2024-25, the federal government has doubled the income tax of the citizens earning an annual income of Rs 1.2 million in Pakistan, ARY News reported on Saturday. As the government failed to control the deficit in the last financial year, an additional tax was imposed by the government […]