{"id":13934,"date":"2025-05-06T14:44:39","date_gmt":"2025-05-06T09:44:39","guid":{"rendered":"https:\/\/pakalerts.net\/english\/?p=13934"},"modified":"2025-05-06T14:44:39","modified_gmt":"2025-05-06T09:44:39","slug":"tax-on-pension-to-be-imposed-work-begins-at-fbr","status":"publish","type":"post","link":"https:\/\/pakalerts.net\/english\/?p=13934","title":{"rendered":"Tax on Pension to be Imposed, Work Begins at FBR"},"content":{"rendered":"

The Federal Board of Revenue (FBR) is working on two key proposals for the upcoming budget of the financial year 2025-26, one of which involves imposing a tax on individuals receiving higher pensions, while the other proposes increasing the current income tax exemption limit for ordinary citizens.<\/strong><\/p>\n

According to sources, both proposals will be presented to the Prime Minister for approval, and initial work on these proposals has begun at the FBR.<\/p>\n

FBR\u2019s first proposal suggests that individuals receiving a monthly pension of 400,000 rupees or more be subjected to a modest tax. This amounts to 4.8 million rupees annually. According to the proposal, a possible 2.5% monthly tax could be imposed.<\/p>\n

The aim of this proposal is to target only those individuals who receive very high pensions and lead a luxurious lifestyle. It will not apply to regular retired employees or those receiving lower pensions.<\/p>\n

According to FBR officials, this proposal may initially apply to retired officers of Grade 22, former judges, senior bureaucrats, and retired military officers.<\/p>\n

FBR\u2019s second proposal provides relief for ordinary citizens. Currently, no income tax is levied on annual earnings up to 600,000 rupees in Pakistan. FBR proposes increasing this tax-free limit to offer some relief to citizens burdened by inflation.<\/p>\n

This increase would provide financial ease for the middle and low-income classes and may also help expand the tax net, as individuals are more likely to pay taxes when the exemption limit is raised.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Board of Revenue (FBR) is working on two key proposals for the upcoming budget of the financial year 2025-26, one of which involves imposing a tax on individuals receiving higher pensions, while the other proposes increasing the current income tax exemption limit for ordinary citizens. According to sources, both proposals will be presented […]<\/p>\n","protected":false},"author":2,"featured_media":13935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowgLK2DA:productID":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","override":[{"template":"3","parallax":"1","fullscreen":"1","layout":"no-sidebar","sidebar":"home-loop","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"bottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_date":"1","post_date_format":"ago","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"5","show_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"no-crop","single_post_gallery_size":"crop-715"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[41,47,46],"tags":[6459,1517,6461,5764,6458,6460],"class_list":["post-13934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-important-news","category-latest","tag-budget-proposals","tag-fbr","tag-financial-ease","tag-income-tax","tag-pension-tax","tag-relief-for-citizens"],"_links":{"self":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/13934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13934"}],"version-history":[{"count":1,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/13934\/revisions"}],"predecessor-version":[{"id":13936,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/posts\/13934\/revisions\/13936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=\/wp\/v2\/media\/13935"}],"wp:attachment":[{"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakalerts.net\/english\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}