Minimum taxable income revised for salaried, non-salaried class
11 taxable slabs at progressive tax rates from 5 percent to 35 percent were introduced.
ISLAMABAD (Dunya News) – PTI government has revised the minimum taxable income in its first federal budget announced on Tuesday. The government has set at Rs0.6 million and Rs0.4 million per annum for the salaried and non-salaried persons, respectively.
In this regard, 11 taxable slabs at progressive tax rates from 5 per cent to 35 per cent were introduced in Federal Budget 2019-20 for salaried people with income of more than Rs0.6 million per annum.
Further, eight taxable slabs at tax rates from 5 per cent to 35 per cent were introduced in Federal Budget 2019-20 for non-salaried people with an income of more than Rs0.4 million per annum.
