Only 10% tax if you make Rs. 400,000/month!!!
- Thread starter desan
- Start date
adeel.zafar
Senator (1k+ posts)
so whats the tax rate now for each of this bucket please?
Imran Niazi pays 1 lac as tax while Saeed Ghani of PPP pays 3 lacs. Still PTI has no shame, their leader hasn't yet committed suicide.
islamabadi
Minister (2k+ posts)
it means people making 2 lakh per month will pay 5000 per month and People making up to 400,000 will be paying 40,000 per month? Why did you write "only" in your title? Is 40,000 monthly tax "only" ? kitna hona chhaiye? 100,000 per month ? Fitey mu tera....moron
FahadBhatti
Chief Minister (5k+ posts)
agar salary saal ki 6 lac se 12 lac he to 6 lac se upper jitne honge uss pe 5 percent tax.
means maximum saal ka 30,000. yani mahine ka 2.5 hazar. buhat ziada he kya?
agar salary 12lac se ziada he aur 18 lac se kam he saal kee ( yaani 1 se 1.5 lac mahina)
to saal ka total tax 30,000 + 10 percent of the amount exceeding 12 lac. Yani maximum of 900000 per year or maximum of 7500 rupees per month.
isee terha jo maximum 25 lac kamate hen unka maximum tax saal ka 195000 banta he ya phir
16250 rupees per month.
non salaried people are going to pay a lot more.
means maximum saal ka 30,000. yani mahine ka 2.5 hazar. buhat ziada he kya?
agar salary 12lac se ziada he aur 18 lac se kam he saal kee ( yaani 1 se 1.5 lac mahina)
to saal ka total tax 30,000 + 10 percent of the amount exceeding 12 lac. Yani maximum of 900000 per year or maximum of 7500 rupees per month.
isee terha jo maximum 25 lac kamate hen unka maximum tax saal ka 195000 banta he ya phir
16250 rupees per month.
non salaried people are going to pay a lot more.
We did a blog on it.
Citizen X
President (40k+ posts)
Chalo shukar hai tum ne bhi Miftah Ismail ka fiteh mou ker diya.
desan
President (40k+ posts)
Their salaries are in the 90% percentile...
Most countries with robust economies impose > 40% taxes on these rich individuals...
However, we always have IMF to bail us out!!!
desan
President (40k+ posts)
FahadBhatti
Chief Minister (5k+ posts)
IMO , taxes should have started from 12 lac and more.
the tax rates are satisfactory though,
desan
President (40k+ posts)
12 lacs per month or per year???
FahadBhatti
Chief Minister (5k+ posts)
per year
desan
President (40k+ posts)
Rs. 100,000/mon is still a very good salary and probably falls in the top 50th percentile...
Someone has to do the number crunching to figure out the financial impact of not taxing more than half our wage earners.
FahadBhatti
Chief Minister (5k+ posts)
the primary goal should be to identify tax evadors who actually hide their incomes , most of the shop owners in the country do that and even the private clinics do that too. a system should be employed where earnings can no longer be hidden.
