{"id":103517,"date":"2026-03-09T15:03:44","date_gmt":"2026-03-09T10:03:44","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=103517"},"modified":"2026-03-09T15:03:44","modified_gmt":"2026-03-09T10:03:44","slug":"govt-plans-5-income-tax-cut-for-salaried-class","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/govt-plans-5-income-tax-cut-for-salaried-class\/","title":{"rendered":"Govt plans 5% income tax cut for salaried class"},"content":{"rendered":"<p>ISLAMABAD: The government has come up with a plan to reduce income tax for salaried individuals by 5 percent to 30 percent.<\/p>\n<p>According to details, Prime Minister <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/shehbaz-sharif-approves-income-tax-relief-for-salaried-class\/\">Shehbaz Sharif <\/a>has given in-principle approval to the proposal to abolish the super tax imposed on wealthy individuals and the corporate sector and reduce income tax on the salaried class by 5 percent, for which permission will be sought from the IMF.<\/p>\n<p>Sources said that the meeting chaired by the Prime Minister reviewed the proposals to be presented to the IMF next week.<\/p>\n<p>The government plans to reduce the maximum income tax rate for high-income salaried individuals by 5 percent to 30 percent and also increase the relevant income threshold (slab).<\/p>\n<p>It was informed in the meeting that the government will also place a proposal to abolish the super tax imposed on wealthy individuals and companies before the IMF.<\/p>\n<p>The Prime Minister directed that these proposals be further improved with private sector experts so that they can be presented to the IMF.<\/p>\n<p>Sources say the government is considering a tax cut of around Rs 1.5 to 1.8 trillion, but it is likely that the IMF will find it difficult to provide such a large financial capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The government has come up with a plan to reduce income tax for salaried individuals by 5 percent to 30 percent. According to details, Prime Minister Shehbaz Sharif has given in-principle approval to the proposal to abolish the super tax imposed on wealthy individuals and the corporate sector and reduce income tax on the [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":38688,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[160,138,367],"class_list":["post-103517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan","tag-imf","tag-pakistan","tag-shehbaz-sharif"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/103517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=103517"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/103517\/revisions"}],"predecessor-version":[{"id":103518,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/103517\/revisions\/103518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/38688"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=103517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=103517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=103517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}