No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
No Result
View All Result
No Result
View All Result

Govt members paid less tax than their income, FBR records

News Desk by News Desk
January 4, 2022
in Business, Featured, National
Reading Time: 1 min read
Tax
Share on FacebookShare on Twitter

ISLAMABAD: On Monday, the government revealed the parliament members’ income details. It was found that the tax paid in 2019 had a 28 per cent decrease. Out of 10 lawmakers, at least one did not file tax returns. The reports for 2020 and 2021 are yet to be made available to public.

The legal amendment introduced by the government last week gave the Federal Board of Revenue (FBR) the permission to make the information public. However, armed forces were exempted, and their information was not released.

Of the 446 members of the Senate and National Assembly, 392 members filed tax returns. But compared to their declared assets worth Rs11 billion, they only paid 5.2pc of the income in taxes. The standard rate for a person with salary is 35pc. Prime Minister Pakistan Imran Khan paid 22.7pc of his income (Rs9.9 million) in lieu of taxes. His declared income was Rs43.6 million.

Rs58.3 million tax was paid by the members of the Balochistan Assembly. Their declared assets accumulate to Rs944 million. Members of Khyber Pakhtunkhwa Assembly declared Rs720 million in assets while paid Rs30 million for taxes. Rs3 billion worth of assets were declared by the Punjab Assembly members, but they paid a tax of Rs231 million. Sindh Assembly’s members paid Rs82.5 million tax against their declared assets worth Rs1.8 billion.

News Desk

News Desk

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PSX remains under red zone; KSE-100 loses 388.62 points
Business

KSE-100 index loses over 500 points, dollar rises to Rs202 in open market

by News Desk
May 23, 2022
Abrar-Ul-Haq accuses Karan Johar of copying Nach Punjaban; music production house claims otherwise
Entertainment

Abrar-Ul-Haq accuses Karan Johar of copying Nach Punjaban; music production house claims otherwise

by News Desk
May 23, 2022
PML-N rejects possibility of removing fuel and energy subsidies
Featured

PML-N rejects possibility of removing fuel and energy subsidies

by News Desk
May 23, 2022
Pakistan name 16-player squad for West Indies ODI series
Latest News

Pakistan name 16-player squad for West Indies ODI series

by Press Release
May 23, 2022
Imran Khan announces long march against coalition government on May 25
Featured

Imran Khan announces long march against coalition government on May 25

by News Desk
May 23, 2022

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories

Copyright © 2022 The Upcut. All rights reserved.