Tax relief announced for different tax slabs of Salaried class
Tax relief announced for different tax slabs of salaried class.
As per the federal budget announced on 10th june 2025 by Finance Minister, tax rate of salaried class is reduced for different slabs. No tax will be charged on annual salary upto Rs.600,000(monthly salary Rs.50,000).
1% tax will be charged upto annual salary of Rs. 1,200,000(monthly salary Rs.100,000), .11% tax on annual salary income of Rs.2,200,000 instead of 15% and fixed tax reduced from Rs. 30,000 to Rs.6,000.23% tax on annual income of Rs.3,200,000 instead of 25%.
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