In Budget 2024-25 Federal Government has decided to increase the tax rate for filers and non- filers. In this regards government has decided 15% tax on filer and 45% tax on non-filer. It has been proposed to increase the tax on capital gains on property in next year.
For Budget 2024-25 government has decided separate rates and percentages for filers and non-filers. While presenting the document Federal Finance Minister Muhammad Aurangzeb said that this initiative will help in documentation of economy and people will also get proper accommodation. For your information government is aiming to collect 477 billion crore rupees for income tax properties.
