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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. Corporate Income tax rates Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019.
The Punjab Finance Department is a department of the Government of Punjab, Pakistan. It is responsible for supervision and control of provincial finances, preparation of provincial budget, formulation of financial rules and management of public debt. [1] It is headed by a provincial minister with the coordination of a finance secretary.
Website. www .fbr .gov .pk. The Federal Board of Revenue (FBR) ( Urdu: وفاقی بورڈ محصولات ), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates ...
Harpal Singh Cheema (born 10 February 1974) is an Aam Aadmi Party MLA from Dirba Assembly constituency located in Sangrur District, Punjab. [3] In March 2022, he became first BobA to be a finance minister of Punjab. [4] He joined the Aam Aadmi Party just before the 2017 Punjab Legislative Assembly election.
The Federal budget 2014–15 was the federal budget of Pakistan for the fiscal year beginning from 1 July 2014 and ending on 30 June 2015. Presented and submitted by Finance Minister Ishaq Dar on 30 June 2014 at the National Assembly , it was originally outlay ₨. 3.8 tn ; [7] eventually it was increased to ₨. 4.3 tn after several ...
The following are ranks of the officers working in the Income Tax Department of Ministry of Finance (India).Officers are appointed from two different recruiting agencies. Gazetted officers are appointed from Indian Revenue Service (Income Tax) of Union Public Service Commission while non-gazetted officers are recruited by Staff Selection Commissio
The Ministry of Finance is a Cabinet-level ministry of the Government of Pakistan in charge of government finance, physical policy and financial regulation. It is headed by a Finance Minister, an executive or cabinet position. The Minister is responsible each year for presenting the federal government's budget to the Parliament of Pakistan.
Taxation, which includes income tax, sales tax, and customs duties, constitutes a substantial portion of revenues, bolstering both federal and provincial government finances. Non-tax revenue sources, such as mark-up from state enterprises, surplus profits from the State Bank of Pakistan , and royalties on oil and gas, further contribute ...