Profit looks at the revised income tax slabs (‘23-‘24) | Profit Explains

The Finance Ministry, beset with ever-increasing expenditures and a stagnant income tax base, has decided to raise the tax rates for existing taxpayers. We look at the specifics. 
 

19 COMMENTS

  1. in choron ke pas salaried class se pese batorney ke elawa aur kiya kam hai ,salaried class tabah hai is mulk mai

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  3. Go on increasing the taxes on the salaried class so that you can stuff the heavy amounts in your suit cases and leave the country because no sane person will vote for you and you can never win the elections if they are held fair and transparent.

  4. Inn logon ke pass or koi zariya nahi hai bas salaried logon kaa khoon choos ne ke siwaa. Salaried clas tu pehle hi mengahi ke neeche dabi hoi hai.

  5. Please write the figures in the style of “millions” (as we normally do in Pakistan) instead of Indian style of “lakhs”.

  6. Jo log aik Saal ma 1.2 million salary layta ha
    agr poray aik Saal ma 15000 tax Dy day tu mout tu aye gi nhi.

    Total salary exampted tax will be deducted

    1,200,000 600,000 600,000×2.5%= 15000

  7. if the government is really interest to win the forthcoming election, they must reverse the new taxation order on Salaried persons, if they want to increase the revenue, they must make big cut around 90 %, on perks & privileges, of the President of Pakistan, PM & all ministers, MNAs, MPAs, etc, in this way they will get more revenue, then the anticipated, amount, from the ruthless Tax Collection, from Salaried persons

  8. Nagging worries faced by all are there; more hikes are fated in our economic fate as our everything from breathing to handwash activities are connected with international rise and rerise of prices; we are economic orphans extending begging tray to all sides and climes. Secondly we are nonmanufacturing national society; thirdly our millions of youth continue deprived of tech skills/education; job market has no employment space for nontech hands. So we have had to dig out old graves to repolish bones to look a going society. More taxes can be slapped on already tax payers as a national compulsion. So be brave to wrestle with adversities!

  9. As someone who has recently retired and faced the complexities of the retirement tax landscape, I can certainly relate to the article “Unveiling the Retirement Tax Time Bomb: Are You Prepared?” It resonates deeply with my personal experience and highlights the importance of being well-prepared for the financial challenges that retirement can bring. Before retiring, I had a vague understanding of how taxes might impact my retirement income. However, after reading the article and undergoing my own retirement tax planning, I realized the significance of properly managing my retirement funds to minimize the tax burden.The article’s emphasis on tax-efficient withdrawal strategies and understanding the tax implications of different retirement accounts struck a chord with me. I quickly realized that drawing from taxable, tax-deferred, and tax-free accounts in a strategic manner could significantly impact my overall tax liability.

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