Budget FY26-27: How much tax will you pay? Use the Dawn Income Tax Calculator to find out
The federal budget for 2026–27 has brought the salaried class something it has rarely seen in recent years: a tax cut. In his budget speech, the finance minister has announced reduced income tax rates for salaried individuals earning between Rs2.2 million and Rs7 million a year, restructured the slabs from six to eight, and abolished the surcharge that currently applies to annual incomes above Rs10m. But what those changes mean for you depends entirely on where your salary fa
Pakistan's federal budget for fiscal year 2026-27 introduces a tax cut for the salaried class, a rare occurrence in recent years. The finance minister announced revised income tax rates for individuals earning between Rs2.2 million and Rs7 million annually. The tax structure has been modified, increasing the number of income slabs from six to eight. Additionally, the surcharge on annual incomes exceeding Rs10 million has been eliminated. However, the specific impact on an individual's take-home salary depends on their income bracket. Those earning up to approximately Rs183,000 per month will not experience any changes, as the lower tax brackets remain unaltered. A tax calculator is available to help individuals determine their new tax liability.
Understanding changes in income tax policy is crucial for individuals to manage their personal finances effectively and plan for the future.
📌 Kaynak
Bu özet Dawn (PK) kaynağından otomatik derlenmiştir. Tamamı için orijinal habere gidin.
Orijinal haberi oku →