Senate panel clears tax amendment bill
The Senate Standing Committee on Finance and Revenue has approved the Income Tax (Second Amendment) Bill 2025 and sought a report from the Federal Board of Revenue (FBR) on tax deduction from teacher salaries. The committee meeting, chaired by Senator Saleem Mandviwalla, focused on the withdrawal of tax exemptions for salaried individuals, particularly teachers, whose salaries faced significant deductions. Mandviwalla directed the Federal Board of Revenue (FBR) to submit a detailed report identifying affected teachers and the status of their refunds, emphasising that failure to return deducted amounts undermines the law’s intent.