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Salaried class may suffer as govt considers heavier income taxes

June 8, 2019
 

The government is considering imposing higher taxes on people who make Rs100,000 per month.

The monthly tax would be Rs4,950. In the last budget, the tax on people making Rs100,000 per month was Rs166.

A proposal to increase this tax has been presented to the government.

Previously, Rs1,000 was imposed on people who made between Rs400,000 and Rs800,000 per year. People who made between Rs800,000 and Rs1.2 million paid Rs2,000. The proposal wants to do away with tax cuts.

Related: FBR to launch crackdown against Karachi beauty parlours

In the last budget, people who made over Rs1.2 million a year were given a tax break of Rs59,500. This break might be ended in the new budget. Similarly, people earning Rs1.8 million a year might not see the Rs107,000 tax break they had earlier.

Tax expert Zeeshan Merchant told SAMAA TV that this move is going to make it difficult for salaried people. In the last budget, the FBR earned Rs50 billion less by giving these tax cuts.

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2 Comments

  1. Avatar
    M. Urooj   June 9, 2019 2:56 am/ Reply

    Does anyone has the guts to tax those land owners who only hold on to lands instead of producing anything. Why only the salaried class? Do we get any one benefit out if paying taxes.

  2. Avatar
    Asad   June 10, 2019 11:42 am/ Reply

    PTI govt. is doing more of the same what PPP & PML (N) did. Just increase indirect taxes and burden salaried class with more taxes. We are not getting any benefit by paying taxes.

    Govt. should should gather courage to tax lanlords sitting in assemblies, heavily tax black money parked in real estate both by politicians and bureaucrats.

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