Updates on Tax Laws, Economy and Stock Market in Pakistan
Income from salary means any income that is earned/received by a person against services rendered about his employment. The Salary Income Tax Rates 2024 are given in the First Schedule, Part I, Division I, clause (1A) of the Income Tax Ordinance 2001 What is Salary Salary income refers to any earnings received by an individual … Read more
The Pakistan Stock Market showed an overall improvement and the KSE-100 index concluded the week at 45,068, recording an increase of 861 points WoW. Market Summary for the Week 10th to 14th July 2023 Since the start of the current fiscal year, the Pakistan Stock Market has shown improvement. The main reasons behind this are … Read more
The Finance Act 2023 has been passed on the 26th of June 2023 with various changes and budgetary reforms including higher rates of tax, regulatory duties, and long-awaited reforms in the pension rules. Finance Act 2023 has been passed by the National Assembly and approved by the President on 26th of June 2023 with certain … Read more
Federal Budget for FY 2023-24 has been announced by the Government on the 9th of June 2023 (Friday). Due to the prevailing economic condition of the country and the delayed finalization of the IMF program, coupled with the political situation of the country, the budget was considered to be a difficult one. However, a mid-way … Read more