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Pakistan Budget 2024-2025 Presented to Parliament Including Several Tax Rate and Other Changes

|Proposed Changes|Pakistan
Pakistan

On 12 June 2024, Pakistan's Federal Budget 2024-2025 was presented to parliament. Some of the main proposed income tax measures of the budget are summarized as follows:

  • The individual income tax brackets/rates for salaried individuals (at least 75% of income from salary) will be revised as follows:
    • up to PKR 600,000 - 0%
    • over PKR 600,000 up to 1,200,000 - 5%
    • over PKR 1,200,000 up to 2,200,000 …

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