INSUBCONTINENT EXCLUSIVE:
ISLAMABAD: The Federal Board of Revenue (FBR) aims to get Rs50 billion shutr to its overambitious revenue gatherion target by squeezing the
pockets of the inflation-stricken salaried and non-salaried lesson further as it has proposed taxes on earnings exceeding taxable income
ceiling of Rs600,000 and Rs400,000 respectively.The FBR has proposed tax rate of 5 to 35 percent on twelve different slabs of salaried
lesson through Finance Bill 2019-20
The Pakistan Tehreek-e-Insaf- (PTI) led government has withdrawn increased limit of taxable ceiling to Rs0.6 million from Rs1.2 million per
annum.In the case of salaried individuals deriving income exceeding Rs.600,000, eleven taxable slabs with progressive tax rates ranging from
5 percent to 35 percent are being introduced as under:-TheIndianSubcontinent has not verified the content of the source
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