US EditionBudget 2025-26: Govt Provides Income Tax Relief for Salaried Class
- On Tuesday, Finance Minister Muhammad Aurangzeb unveiled Pakistan’s budget for the 2025-26 financial year during a session at the National Assembly, despite protests from opposition members.
- The budget aims for 4.2% GDP growth and proposes income tax relief across all slabs to address heavy tax burdens on the salaried class and prevent brain drain.
- Key measures include reducing the tax rate from 15% to 11% for those earning up to Rs2.2 million, a 10% salary increase for government employees, and pension adjustments.
- Aurangzeb explained that this relief measure aims to make the tax system more straightforward and help protect middle-income earners’ purchasing power amid inflation, while overall government expenditure is reduced by 7% to Rs17.57 trillion.
- These measures reflect a government commitment to ease the tax load on salaried individuals and retain skilled workers amid economic challenges and recent defense spending increases.
20 Articles
20 Articles
Budget 2025-26: Govt provides income tax relief for salaried class
The government has taken a significant step to provide substantial relief to lower and middle-income sectors, proposing up to a four per cent decrease in income tax across various slabs. Presenting the federal budget for the fiscal year 2025-26, Finance Minister Muhammad Aurangzeb stated that the prime minister had consistently endeavoured to lower taxes on salaried individuals. "Keeping this objective in mind, we have proposed a decrease in inc…
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