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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.
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.
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
Federal income taxes are administered by the Federal Board of Revenue. The period from July 1 to June 30 is considered as a normal tax year for Pakistan tax law purposes. Income tax: This tax is levied on the income of individuals, associations of persons (AOPs), and corporations.
The Alternative Minimum Tax exemption amount for tax year 2023 is $81,300 for individual taxpayers and begins to phase out at $578,150. Those numbers are up from $75,900 and $539,900, respectively ...
Higher Judicial pay scales – – – – J-III J-II J-I O-Apex 5. Management pay scales – – – MP-III MP-II MP-I MP-Spec – 6. State Bank of Pakistan pay scales: OG-1, OG-2 OG-3, OG-5, OG-4 OG-6 OG-7 OG-8 Governor – 7. National Bank of Pakistan pay scales: OG-3, OG-2 OG-1, AVP VP SVP EVP SEVP President – 8. Higher Education ...
A tax credit, on the other hand, reduces the tax you owe — every $1 of tax credit reduces your tax bill by by $1. If you owe $10,000 in taxes and qualify for a $2,500 tax credit, your tax bill ...
0–9. 2009–10 Pakistan federal budget; 2010–11 Pakistan federal budget; 2011–12 Pakistan federal budget; 2012–13 Pakistan federal budget; 2013–14 Pakistan federal budget