Income tax surges Rs100b in 7 months

The salaried class's income tax payments have jumped to Rs285 billion in seven months—Rs100 billion more than the comparable period—as Minister of State for Finance Ali Pervaiz Malik hints at reducing the burden in the budget. Also, nearly Rs100 billion more in income tax that the salaried people were forced to pay from July through January was Rs25 billion more than the government's estimates for the full fiscal year. "The tax burden on the salaried class is more than its capacity to pay, and some of it will be shifted to other sectors in the budget," said Ali Malik while speaking at a seminar on Navigating Ease of Doing Business in Pakistan.