How much tax will be deducted on your salary now?
According to FBR sources, if your income is Rs 50,000 per month, you will not have to pay any income tax.
However, if your income is up to Rs 100,000 per month, your annual income tax will be Rs 100.
In the past you had to pay a monthly tax of Rs. 7500 in case of income was Rs 1,50,000. Now this amount will be Rs 35,000.
Those who earn Rs 200,000 a month used to have to pay a monthly tax of Rs 15,000, and now this amount has come down to Rs 7,000 a month.
People with a monthly income of Rs 250,000 used to pay Rs 23,541 per month tax, now they will pay Rs 13,250 monthly income tax.
People earning Rs 300,000 per month used to pay income tax of Rs 32,500 per month and now this amount will be reduced by Rs 28,000 and their monthly tax will be Rs 19,500.
The monthly income tax of those earning Rs 3.5 lakh was Rs 42,500 in the past, which will now be reduced to Rs 28,250.
People with a monthly income of Rs 4 lakh used to pay a monthly tax of Rs 52,500, now this amount will be reduced to Rs 37,000.
It may be mentioned that The salaries of government employees will be increased on the pay scale of 2017.