Federal Budget 2013

[yazdi]

Re: Budget 2013

@muqawwee123

They have just made life of salaried persons miserable

• No increase in Salaries
• Increase in Sales Tax rate
• Increase in Income tax rates on salaries
• Withdrawing powers of employers to give credit on account of Donations, Investments, etc while deducting tax from Salaries.
• Last but not the least, levying adjustable tax on catering, marriage lawns. When employer is not allowed to give credit for donations, etc how could an employee will get credit for advance tax paid to marriage lawns, etc. Getting refunds from Pakistan tax authorities is ‘joo e sheer lana’

Tax paid on children education (private schools), marriage ceremonies etc are adjustable towards your total income tax liability… means you deduct these payments from your tax liability and pay less tax (no question of refund here).. However if your income does not justify these payments.. then of course you pay these taxes.