IMF

Pakistan has informed the IMF about the income tax imposing rate in the agricultural sector.

The World Financial Organization was informed that provincial governments legislated to raise the agricultural income tax rate, the income tax rate on agricultural income has been kept equal to the corporate sector.

Owais Laghari denies reports of tax levy on solar

According to the document, there will be 15 per cent on agricultural income from Rs 6 lakh to Rs 12 lakh, 90 thousand fixed tax from 12 to 16 lakhs and a slab of Rs 12 to 16 lakh will have a tax on more than 12 lakh income.

Apart from this, Rs.

IMF delegation arrives in Pakistan

According to the document, a slab of Rs 32 to 56 lakh annually will be 40 % on revenue over Rs 32 lakh, Rs 40 to 56 lakh annually on agricultural income, 16 lakh 10 thousand and more than Rs 56 lakh will be taxed 45 %.