Increase in IT slabs for individuals proposed Senate Standing Committee on Finance has proposed an increase in income tax slabs for individuals in its recommendations to the government for implementation from the next fiscal year. A day after, the meeting requested the Federal Board of Revenue (FBR) to revise the income tax slabs for [...]

The changes can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugZlNmRjdlbFZ3RTd2UG1qVlNHSjZuMnhQRktZ

Vide SRO 37(I)/2017 dated 23.01.2017, Federal Government has extended the period of operation of SRO 811(I)/2016, dated 31.08.2016, till 31.03.2017, wherein amendment was made in Division XXI of Part IV of the Income Tax Ordinance, 2001. Through this amendment income tax @ 0.4% will be charged on banking transactions of non-filer for the period [...]

The proposed changes can be accessed here: https://drive.google.com/open?id=0BwUI-PxfjgugQ1FvbUZSdjZ1YUJWdDlKUEp0bEtIbk1pcmVj