Tuesday, December 24, 2024
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Budget 2024-25: Income tax calculator

Finance Minister Senator Muhammad Aurangzeb on Wednesday presented Budget 2024-25 loaded with new tax measures for the salaried and non-salaried class people with a total tax collection target of a whopping Rs12.97 trillion.

The opposition lawmakers in the National Assembly chanted anti-government slogans and tore up copies of the finance bill as the former banker began addressing the session.

In the session, a new 38% higher tax target was set to Rs12.97 trillion aimed at securing a crucial bailout package from the International Monetary Fund (IMF).

The treasury benches also approved the finance bill increasing taxes for high earners, including salaried and non-salaried people.

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