It seems like you’re asking for the details of the income tax slabs proposed by the federal government in Pakistan’s budget for 2024-25. Here is the breakdown of the income tax slabs as per the information available:
1. Up to Rs. 600,000: No tax
2. From Rs. 600,001 to Rs. 1,200,000: 5% of the amount exceeding Rs. 600,000
3. From Rs. 1,200,001 to Rs. 2,400,000: Rs. 30,000 + 10% of the amount exceeding Rs. 1,200,000
4. From Rs. 2,400,001 to Rs. 4,800,000: Rs. 150,000 + 15% of the amount exceeding Rs. 2,400,000
5. From Rs. 4,800,001 to Rs. 9,600,000: Rs. 510,000 + 20% of the amount exceeding Rs. 4,800,000
6. From Rs. 9,600,001 to Rs. 24,000,000: Rs. 1,410,000 + 25% of the amount exceeding Rs. 9,600,000
7. Above Rs. 24,000,000: Rs. 4,410,000 + 35% of the amount exceeding Rs. 24,000,000
Read More: PM Orders No Tax Hike On Cash Withdrawals For Non-Filers
These slabs represent the proposed income tax rates for salaried individuals in Pakistan for the fiscal year 2024-25. The concern expressed by the Pakistan Business Council (PBC) likely stems from the impact of these tax changes on emigration trends among highly skilled professionals, who may seek lower-tax environments elsewhere due to these increased rates.
