Search results
Results from the WOW.Com Content Network
The 2022–23 Federal Budget of Pakistan was presented on 10 June 2022 by Finance Minister Miftah Ismail, with Rs 9.5 trillion budgeted for expenditure in financial year 2022–2023, which was nearly a trillion higher than the previous financial year.
Below is a summary of the applicable sales tax rates in Pakistan: [7] Sales tax on goods: 18%; Sindh Sales tax on services: 15% ... 2021-2022 6126.1 2022-2023 7163.8 ...
The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxation measures and expenditure cuts. The budget was accepted the next day.
Punjab has the largest economy in Pakistan, contributing most to the national GDP. The province's share was 60.58% in 2020 to national economy. [ 2 ] Sindh which is the second largest province in terms of population and GDP which has steadily continued to grow, contributes 23.7% to the national economy. [ 2 ]
As of the latest available information, the country has several income tax brackets, with rates ranging from 15% to 23%. For example, as of the tax year 2022, the first tax bracket applies to income up to 48,840 CZK per month, with a tax rate of 15%.
In the 2022 tax year, many of those tax breaks expired. ... EITC CTC 2023 Filing Season. The enhanced CTC was not extended and returns to $2,000 per child dependent for the 2022 tax year, ...
Taxes: Here are the federal tax brackets for 2023 vs. 2022. ... Instead, the first $11,000 is taxed at the 10% rate in 2023, the next dollars up to $44,725 are taxed at 12%, the next dollars up to ...
BPS scales undergo regular revisions every few years. They were revised in 2008, then again in 2011 after three years, and once more in 2015 after four years, taking into account the inflation rate in Pakistan. As of the latest update, the Basic Pay Scale Structure for 2022 has been introduced.