Salaried workers pay far more tax than business class.

Why Everyone is Talking About Taxes: A Simple Breakdown

Pakistan – (Special Correspondent / Web Desk) – The tax collection agency, the FBR, did not meet its goal for August. It was short by 50 billion rupees. This happened even though regular employees are paying much more in taxes this year.

In August, the FBR gathered 901 billion rupees in taxes. Their target was 951 billion, so they missed it. For the first two months of the year, they are already 35 billion rupees behind their overall goal. The government wants to collect over 14 trillion rupees this year, which is a very high target.

People with salaried jobs are feeling the biggest change. They paid 85 billion rupees in income tax in just two months. That is 21% more, or 15 billion rupees extra, compared to last year. In the entire last year, they paid 555 billion. This year, they are on track to pay a lot more.

Here is who paid what from July to August:

  • Workers at private companies: over 41 billion rupees.

  • Workers at large corporations: about 20 billion rupees.

  • State government employees: 10.5 billion rupees.

  • Federal government employees: 7.6 billion rupees.

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A new tax on large pensions only brought in 180 million rupees so far.

There are some mixed trends elsewhere. Tax money from selling plots of land jumped by a huge 92%. However, tax collected on buying property fell by 12%.

Even with more money coming from employees and land sales, the FBR is still behind. This makes its huge yearly tax goal very difficult to reach.

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