The government amended the tax deduction rules for the group in response to the International Monetary Fund

The government amended the tax deduction rules for the group in response to the International Monetary Fund, thus the respite for the salaried class was only temporary (IMF).

The administration has suggested a tax rate of 2.5 percent for the salaried class for income bands of Rs50,000 to Rs100,000. The recommended tax rate has been increased to 12.5 percent for those with monthly incomes between Rs100,000 and Rs300,000.

The FBR has suggested raising the tax rate from 17.5 percent to 20 percent in cases where the taxable income is more than Rs3,600,000 but not greater than Rs6,000,000. The FBR tax rate is scheduled to rise from 22.5 percent to 25 percent when the taxable income exceeds Rs6,000,000 but does not exceed Rs12,000,000.

The FBR will assess a tax amount of Rs2,004,000 + 32.5 percent of the amount exceeding Rs12,000,000 on an annual basis when the taxable income exceeds Rs12,000,000. The FBR has suggested a 35 percent tax rate for the aforementioned income.