Posts Tagged ‘budget summary’
The information contained in this briefing is based on the Finance Bill 2021. The given
information is correct to the best of our knowledge. The briefing is intended to provide
a general outline of the subject covered which includes the important changes .
BUDGET AT A GLANCE INCOME TAX 1. Reduced tax rates for individuals (salaried and non-salaried) 2. Corporate tax rate to be cut by 1% per annum to 25% in next five years 3. Tax on issuance of bonus shares to be removed 4. Non-filers cannot purchase property of over4 million 5. Increase in withholding tax […]
Budget 2014/15 Salient Features » Finance Minister Mr. Ishaq Dar submitted the budget for the fiscal year 2014-15 in National Assembly with a total outlay of Rs3.945 trillion. The total outlay of budget 2014-2015 is Rs 4,302 billion. This magnitude is 7.9% higher than the size of previous year budget estimates 2013-14. The resource availability […]