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Govt proposes to slap Rs10b taxes on salaried class
Gives Rs2b relief to PSX by taxing salaried class’ medical expenses
ISLAMABAD:
The government has quietly proposed Rs10 billion 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 order to give effect to Rs10 billion taxes, the government has omitted a minimum of six clauses from the second schedule of the Income Tax Ordinance through the Finance Bill 2021 that it laid before parliament on Friday.
But Finance Minister Shaukat Tarin told The Express Tribune on Sunday that he has asked the Federal Board of Revenue to reconsider the budget proposals affecting the salaried class. The reply of the FBR Chairman Asim Ahmed was awaited till the filing of the story. ....

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