Income tax: What the salaried class will pay now

[Zibago]

It is the same fcking admission of failure to broaden the tax base. No genuine thought given to anything, no plan, no strategy ........ bus kissi tarah poora karo.

Tajir biradri net thori si choon chaan ki to backtrach
Salaried class ji khool di :-(

 

[H!TchHiker]

It is the same fcking admission of failure to broaden the tax base. No genuine thought given to anything, no plan, no strategy ........ bus kissi tarah poora karo.

pora phir be nai ho raha...jo da rahay inhi ki aur baj rahe

 

[Baby Leone]

If you think


You should read it as range 0 to 50,000. 50,001 to 100,000. And monthly salary is for just for quick understanding of people, taxes are calculated on total income in a year. For example, if you remained unemployed for 6 months and earned 100K per month for rest of six months than you don't fall in taxable slab for that fiscal year as you earned 600,000 in year which is not taxable, If your company have deducted and deposited tax than you can claim refund in your tax return.

ohhh thanks for clarification and they should have also mentioned it in news article.

 

[blueazure]

this is a classic poster child IMF budget.

salaried class , screwed

textile sector, screwed, zero rated regime taken away

too much capital controls given to fbr, 50lac property monitoring

nothing else changed from last budget

cars more expensive than ever. and imported cars are banned so i have no cheaper options

i will move to crypto currencies completely now

 

[I.R.A]

Tajir biradri net thori si choon chaan ki to backtrach
Salaried class ji khool di :-(

pora phir be nai ho raha...jo da rahay inhi ki aur baj rahe

If they had vision they would devise taxation according to regions, sectors, trades and professions.

Ub commissioner babu nay phir baytukkay notice pay notice marnay hain aur wohi purana nizam chaltay rehna hy.

 

[Wikki019]

KARACHI: The cash-strapped government of Pakistan Tehreek-e-Insaf (PTI) has removed tax reliefs introduced for the salaried class by its predecessor, the PML-N government.

The administration of Prime Minister Imran Khan has not only lowered the threshold of annual income exempted from tax to Rs600,000 from Rs1.2 million, but also increased maximum rate of income tax to 35% from 29% and introduced four new tax slabs.

In its first full budget, the PTI has announced up to 10% increase in the salaries of government servants. However, the increased income tax rates would dilute the pay raise.




Salaries of Grade 1 to 16 employees have been increased by 10 per cent, and Grade 17 to 20 by 5 per cent. However, no pay increase has been announced for Grade 21 and 22 employees.

Here is how the new slabs will affect the salaried class:

Why the hell every one is crying if tax is less thn that of 2108?

 

[Rusty]

What is the problem?
This is a progressive tax rate that used by every developed country on Earth.
I think people are just crying since they will be forced to pay taxes for the first time in their lives.

 

[I.R.A]

I think people are just crying since they will be forced to pay taxes for the first time in their lives.

People are angry because the ones who should have opened their tax account for the first time remain outside the tax network. And the same majority who has been bearing the burden for years has been targeted again, this time without even paying any attention to the sufferings. So all those slogans of "change will happen" were mere hogwash and hypocrisy. Mafias are still successful in blackmailing the state and getting their desired results.

 

[shah_123]

Tajir biradri net thori si choon chaan ki to backtrach
Salaried class ji khool di :-(

Like what's the relief for Tajir biradri in this budget ???

It's about broadening the Tax Base, those tajirs who are registered pay full taxes, those who aren't must be brought under tax net.

And the Wadera, any tax imposed on them or they got away as usual?

 

[Sine Nomine]

What is the problem?
This is a progressive tax rate that used by every developed country on Earth.
I think people are just crying since they will be forced to pay taxes for the first time in their lives.

Why every political stooge runs towards every developed country when our country is even below bar of underdeveloped?
Salarised class has been paying taxes from past 70 years and they are going to pay more.
PM has increased budget meant for his own office 18%

People are angry because the ones who should have opened their tax account for the first time remain outside the tax network. And the same majority who has been bearing the burden for years has been targeted again, this time without even paying any attention to the sufferings. So all those slogans of "change will happen" were mere hogwash and hypocrisy. Mafias are still successful in blackmailing the state and getting their desired results.

Anyone who was expecting change was fool.I was expecting it.IK is honest but in State machinery of around 2 million,it isn't worth anything.

 

[I.R.A]

Anyone who was expecting change was fool.I was expecting it.IK is honest but in State machinery of around 2 million,it isn't worth anything.

Obviously with a hung parliament and coalition government who would expect any change? Banany walo nay bai hath pao kat k hakoomat di hy, itna baywaqoof koi nai hy, jiss din 2/3 majority ki hakoomat bani Martial law pakka. I was hopeful that he may be able to bring tax reforms, dissolve FBR and hire professionals instead. Par is tharki nathoram ka koi vision nai hy jiss nay jidher laga dia chal paray bus muh chuk k.

 

[Sine Nomine]

Obviously with a hung parliament and coalition government who would expect any change? Banany walo nay bai hath pao kat k hakoomat di hy, itna baywaqoof koi nai hy, jiss din 2/3 majority ki hakoomat bani Martial law pakka. I was hopeful that he may be able to bring tax reforms, dissolve FBR and hire professionals instead. Par is tharki nathoram ka koi vision nai hy jiss nay jidher laga dia chal paray bus muh chuk k.

Sarkar banai hee aesey jati hai jo na jetti hai na marti hai.

 

[Wikki019]

What is the problem?
This is a progressive tax rate that used by every developed country on Earth.
I think people are just crying since they will be forced to pay taxes for the first time in their lives.

they are crying because PMLN gov reduced taxes in election year Budget just for election Gimmicks and now this awaam want that reduction back. Taxes were highes in FY 2017-2018 and were reduced only in last year of previous gov to win votes.

 

[I.R.A]

Sarkar banai hee aesey jati hai jo na jetti hai na marti hai.

Warna koi b kissi b waqt Ameer ul Momineen banny ki koshish kar skta hy. Ameer ul Momineen na b banay to qawaneen pass karwa skta hy.

they are crying because PMLN gov reduced taxes in election year Budget just for election Gimmicks and now this awaam want that reduction back. Taxes were highes in FY 2017-2018 and were reduced only in last year of previous gov to win votes.

Dollar at that time wasn't 150, diesel wasn't at 126 plus, utilities' cost wasn't this high, inflation wasn't this high. Salaried class mostly knew that this reduction is temporary and would be reversed but what they didn't know was that an idiot would come and destabilize an already fragile economy by his constant whining and crying ....... plus experiments.

 

[Rashid Mahmood]

If this is correct than this is reasonable.

Also the rich will always find tax loopholes ...get some good tax consultants

I was paying more IT on my salary per month in 2014-2016 on lesser salaries.
In 2017 the PMLN govt slashed IT rates as it was last year just to get votes in 2018.

That slash is increased now, but still could not match what the rates were in 2014/2015.