The Pakistani salaried class has made a significant contribution to the country’s tax revenue, with a total of Rs. 368 billion paid in income tax last year.
This figure represents a substantial increase from previous years, highlighting the growing tax compliance among salaried individuals.
The Federal Board of Revenue (FBR) has attributed this rise to its efforts to broaden the tax base and encourage voluntary compliance.
The FBR’s data reveals that the salaried class accounts for a significant portion of the country’s total tax revenue. This underscores the importance of this segment in contributing to the national exchequer.
The government has implemented various measures to facilitate salaried taxpayers, including the introduction of online filing systems and simplified tax return forms.
The increased tax contribution from the salaried class is a positive sign for Pakistan’s economy, indicating a growing culture of tax compliance.
As the government continues to implement reforms and incentives, it is expected that more individuals will come into the tax net, further boosting revenue collection.
