Income tax calculator for 2019-2020
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appendChild(a) })();The income tax exemptions announced last year, which had generously excluded everyone with a salary of less than Rs100,000 a month (Rs1...
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ArchiveFind out your take-home salary using our income tax calculator
In the budget for fiscal year 2022-23, the government has exempted those earning up to Rs100,000 per month from paying income tax — increasing the limit from the earlier Rs50,000 per month...
Additionally, the government has issued a revised list of income tax slabs for salaried individuals...
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BusinessBudget FY24: Use our calculator to find out how much tax you will pay on your salary
Part of this increase in tax collection is going to come from the salaried class...
While the government had initially not tampered with tax rates on salaries, which saw increases last year, the revised budget has seen some notable changes in this regard...
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ArchiveProperty dealer, employee gunned down in Hyderabad
HYDERABAD: A jeweller-turned-property dealer was shot dead along with his employee in Latifabad Unit-9 in the early hours of Saturday...
Reports suggested that he had an altercation with a builder over some property matters a day earlier...
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PakistanCitizens unhappy with hefty increase in Karachi-Hyderabad toll tax
KARACHI: While the Karachi-Hyderabad motorway is still in the process of completion, authorities have increased the toll tax manifold on the ground that the Superhighway, as it was previously called, has now become a part of the countrywide network of motorways...
Previously, the toll tax for a car going from Karachi to Hyderabad was Rs30...
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ArchiveCommittee formed to revise property tax in Sindh
KARACHI: The Sindh government has set up a committee to revise property tax rates by upgrading the valuation table designed in 2001...
The new property tax rate formula to be evolved by the committee will take into account the increase in annual rental value (ARV) of residential and commercial units in Karachi as well as in the interior Sindh...
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PakistanBalochistan PA adopts urban immovable property tax bill
QUETTA: The Balochistan Assembly adopted on Monday the Balochistan Urban Immovable Property Tax (Amendment) Bill, 2015, amid reservations voiced by opposition members...
Chief Minister Dr Abdul Malik Baloch disagreed with a demand that the bill should be deferred and said if opposition members wanted changes in it they should follow due procedure for the purpose...
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PakistanLHC orders PCB to pay Rs60mn property tax on Gaddafi Stadium
LAHORE: The Lahore High Court (LHC) has ordered the Pakistan Cricket Board (PCB) to pay Rs60 million property tax on the Gaddafi Stadium, dismissing a petition by the board against levy of the tax by the excise department...
Punjab government's counsel told the court on Wednesday that the PCB was using the Gaddafi Stadium for commercial purposes and was thus liable to pay tax...
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ArchiveCourt dismisses PCB challenge to property tax
6 million as property tax by excise and taxation department...
The board through its counsel sought exemption from the levy of any property tax by referring Section 4(a) & (e) of Urban Immovable Property Tax Act 1958...
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ArchiveDrive against property tax defaulters
KARACHI: The Sindh government recovered Rs300 million from property tax defaulters during a drive launched by the Excise Department recently...
The campaign is directed towards individuals and institutions owing Rs1 billion in tax dues...
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ArchiveCanada launches tax probe of property cheats in Vancouver
OTTAWA: Canada’s tax authority is probing real estate deals in British Columbia for underpayment of taxes, amid a boom in sales, prices and property flipping, and said it is not specifically focusing on foreign investors...
The Canada Revenue Agency said 50 income tax auditors and 20 auditors who specialise in the Goods and Services Tax are looking into real estate deals in British Columbia, where a prolonged surge in prices has...
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ArchiveBuildings sealed for not paying property tax
RAWALPINDI: The Excise and Taxation Department sealed 15 commercial plazas in Gulraiz Housing Society on Tuesday because their owners had not paid property tax worth Rs3...
The department had launched a campaign for recovering property tax in the Rawalpindi district under the supervision of Director Tanveer Gondal in January and recovered Rs650 million from residential and commercial property owners...
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PakistanE&T dept ‘set to collect’ 40pc of property tax target by Sept 30
LAHORE: The Punjab Excise and Taxation Department mulls over how to collect an ‘ambitious’ 40per cent property tax of the total fiscal target of Rs8...
6 billion for 2015-16 by Sept 30, 2015, with the present five per cent rebate offer...
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PakistanFunds dearth may delay property tax computerisation in Punjab
LAHORE: The Punjab Excise and Taxation department may face delay in the computerisation of property tax challans in remaining 30 districts of the province as the provincial government is reportedly not releasing funds for the project despite approval of PC-1...
They said the government had already set one-year deadline for the execution of the project in remaining districts with the help of the Urban Unit...
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PakistanNew property tax in Punjab to hurt ordinary citizens
LAHORE: The new property tax imposed on ‘utilised’ plots which aims to create more provincial revenues is likely to burden ordinary citizens and pensioners rather squeeze the speculative trade of real estate...
The Punjab government has fixed two years of delivery of possession to the owner for the levy of tax...
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