In the financial year 2023-24, Pakistan’s salaried class paid a record Rs 368 billion in income tax, a significant increase. This amount is 232% more than the combined payment of exporters and retailers.
Despite this substantial contribution from salaried workers, the new budget introduced in July included higher tax rates and a 10 percent surcharge for the highest earners.
FBR has reported that this year tax payments by salaried workers have increased by 39% compared to last year.
Said increase is poignant in light of the worsening cost-salary ratio for workers and the increased financial responsibility placed on the salaries of citizens in the country. These workers therefore have had their concerns raised by the new tax measures enacted recently.
