National News

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) government on Thursday introduced amendments in the Income Tax Ordinance of Finance Act 2018.Following the amendments the relief provided by PML-N government in its last budget for the salaried person on their taxable income has been reduced.Now for the salaried persons with annual income of Rs400,000 to Rs800,000 will pay Rs1,000 as tax.The persons with annual salary upto Rs400,000 are exempted from tax.Rs2,000 tax will be applicable for persons having salary between Rs800,000 to Rs1.2 million, while 5 percent of their income will be deducted as tax for salaried persons earning Rs1.2 million to 2.4 million annually.

from The News International - National https://ift.tt/2MpOOJe

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