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Pakistan Budget 2019/20 Presented to Parliament

|Proposed Changes|Pakistan
Pakistan

On 11 June 2019, Pakistan's 2019/2020 Budget was presented to parliament. The main income tax-related proposals are summarized as follows:

  • Increase the taxable income threshold to INR 600,000 for salaried persons and introduce 11 progressive rate brackets of 5% to 35%, and maintain the taxable income threshold at INR 400,000 for non-salaried persons and introduce 8 progressive rate brackets of…

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