The federal government has imposed a 10 percent surcharge on the tax liability of high-earners under the Finance Bill 2024.
Under the amended Finance Bill 2024, passed by the National Assembly today, the surcharge will be payable by every individual and association of persons at the rate of ten percent of the income tax where the taxable income exceeds Rs. 10 million.
For salaried persons, the surcharge would be applicable to those earning over Rs. 833,333 per month.
Under the modification in income tax rates and slabs through the original Finance Bill 2024, the government was aiming to unlock additional revenue of Rs. 70 billion from the salaried class.
However, with the imposition of a 10 percent surcharge, the additional revenue will now exceed Rs. 70 billion.
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What we get in returns?
Our nation’s Strength to pay my:
(1). Income Tax
(2). General Sales Tax
(3). Capital Value Tax
(4). Value Added Tax
(5). Central Sales Tax
(6). Service Tax
(7). Fuel Adjustment Charges
(8). Petrol Levy
(9). Excise Duty
(10). Customs Duty
(11). Octroi Tax (tax levied on entry of goods into municipal area)
(12). TDS Tax (tex deduction at source)
(13). Employment Status Indicator Tax (ESI Tax)
(14). Property Tax
(15). Government Stamp Duty
(16). Aabiana (tax on water for agricultural land)
(17). Ushr
(18). Zakat (deducted on money from the banks)
(19). Dhal Tax
(20). Local Cess
(21). PTV License
(22). Parking Fee (at least 5 times a day)
(23). Capital Gains Tax (CGT)
(24). Water Tax
(25). Flood Tax (for heavens sake – there are no floods now)
(26). Professional Tax
(27). Road Tax
(28). Toll Gate Fee
(29). Securities Transaction Tax (STT)
(30). Education Cess
(31). Wealth Tax
(32). Transient Occupancy Tax (TOT)
(33). Congestion Levy Complusory Deduction
(34). Super Tax
(35) With holding taxes
(36) Education fee
(37) Secp levy
(38) libration cess tax
(39) education cess tax
and also toufeeq to pay
(a). Heavy Education Fees
(b). Donations at schools
اور ان ساری ادائیگیوں کے بدلے میں ہمیں
نہ ہسپتال دستیاب ،نہ سکول ،نہ سکون نہ ہی ہم محفوظ
کیا پتہ کس وقت گھر سے نکلتے ہی کنپٹی پر کوئی گن رکھ کر ہماری جیب خالی کر جائے۔یا تھوڑی مزاحمت پر ہم جان سے ہی جائیں۔s
کیا پتہ کون سے ہسپتال میں فری دوائیاں نہ ملنے سے ہماری موت ہو جائے
کیا پتہ کون سی ناکارہ سڑک پر ہماری موت ہو جائے اور لوگ جمع ھونے سے بھی کتراتے ۔۔ کیوں کہ ابھی موت کے پروگرام پر TAX باقی ھے۔۔۔
ALLAH, ALMIGHTY BLESSED TO ALL CIVILIAN COMMUNITY IN PAK..