Prime Minister Shehbaz Sharif is considering lowering the income tax for salaried individuals due to the heavy burden on them.
Yesterday, the PM also expressed concerns about the high cost of electricity and stated that his first priority will be to reduce electricity prices as soon as possible.
He instructed his finance team to lower the income tax, particularly benefiting those earning a salary of 1 lakh. In the 2024 budget, the government imposed a tax on salaried individuals, but now they are reconsidering this decision by potentially reducing or withdrawing the 2.5% tax imposed in this budget.
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