The govt. has quietly proposed PKR 10Bn taxes on salaried class by slapping income tax on their expenditures on medical treatment, various allowances and their savings in provident and pension funds. In this regard, the govt. has omitted a minimum of six clauses from the second schedule of the Income Tax Ordinance through the Finance Bill 2021. But Finance Minister Shaukat Tarin has asked the FBR to reconsider the budget proposals affecting the salaried class.
15/6/2021