Posts Tagged ‘finance bill 2014 pakistan’

FINANCE BUDGET PAKISTAN SUMMARY 2014

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Following are the key highlights and summary of the finance budget proposed for the year 2014-2015 For  Income Tax calculator  for salaried class year 2014-2015  Click Here INCOME TAX: – There are no tax rate changes proposed for Proprietors, Business Individual, Association of Persons (AOPs)and salaried individuals. – 50% reduction in tax rates for senior […]

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Income Tax Calculator Pakistan 2014 2015

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As per the Finance Act 2013 approved by Government of Pakistan, this web based tax calculator applies income tax rates in Pakistan on taxable income of salaried persons and salaried class. A salaried person class slabs are applicable where salary income exceeds more than 50% of the total taxable income. Please share with us your […]

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Salary Income Tax Slabs Financial Year 2014-2015

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As per the Finance Act  passed by Government of Pakistan, following  slabs and income tax rates shall be applicable for  salaried persons  and salaried class for the year 2014-2015: Where the taxable salary income does not exceed Rs 400,000, the rate of income tax is 0%; Where the taxable income exceeds Rs 400,000 but does […]

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Budget 2014/15 Salient Features

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Budget 2014/15 Salient Features » Finance Minister Mr.  Ishaq Dar submitted  the budget for the fiscal year 2014-15 in National Assembly with a total outlay of Rs3.945 trillion. The total outlay of budget 2014-2015 is Rs 4,302 billion. This magnitude  is 7.9% higher than the size of previous year budget estimates 2013-14. The resource availability […]

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Income Tax Slabs Financial Year 2013-2014

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Total  number  of tax slabs had been increased from  the current  six to 12. According to officials, the incidence of income tax on middle income group has also been increased. According to the Finance Bill (2013-14) issued here on Wednesday: Slab-1 Where the  taxable income  does not exceed Rs 400,000,  the rate  of tax is […]

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