ASC Law Forum

Relief on income tax for salaried persons reduced after amendments in Finance Act Listen ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) government on Thursday introduced amendments in the Income Tax Ordinance of Finance Act 2018. Following the amendments the relief provided by PML-N government in its last budget for the salaried person on their taxable income has been reduced. The amendment draft will be presented  in the National Assembly for approval. Now for the salaried persons with annual income of Rs400,000 to Rs800,000 will pay Rs1,000 as tax. The persons with annual salary upto Rs400,000 are exempted from tax. Rs2,000 tax will be applicable for persons having salary between Rs800,000 to Rs1.2 million, while 5 percent of their income will be deducted as tax for salaried persons earning Rs1.2 million to 2.4 million annually. In the next slab, those earning Rs2.4 million to Rs4.8 million per annum will pay tax worth Rs60,000, while those with sal...

MOTIVATION Bill Gates 1st startup Traf-O-Data was a failure in 70’s – Failure is just a word if you look back at your mistakes by   Hisham Sarwar  Twitter  |   Facebook  |   Google Plus 2 days ago 135  Views We all know Bill Gates as the world’s second  richest man , co-founder Microsoft and now a philanthropist running  Bill & Melinda Gates Foundation . He is a college dropout who turned out to be the most successful icon in Software industry. Gates, had a vision of seeing computer in every house in late 70’s What? , Computers, why would someone replace their typewriter for an electronic, non friendly big machine connected with entangling wires, people thought in 70’s. Today the digital revolution owes a lot to Bill Gates, for his wisdom, innovation and giving graphical interface to ever so boring computer operating systems before Windows 95. Windows 95 changed the digital landscape and opened doors for bett...