ISLAMABAD: It has been decided to raise the cash withdrawal limit for non-filers from Rs. 50,000 to Rs. 75,000
Under the revised budget proposals for the fiscal year 2025-26, any amount withdrawn beyond the new limit will be subject to an additional advance tax of 0.8%, which is higher than the current year’s 0.6%.Under these budget proposals, the cash withdrawal limit for non-filers has been increased from Rs.50,000 to Rs.75,000
On the other hand, social media platforms will face strict taxes on advertisements, and a 9% reduction in income tax surcharge is expected for the highest earners.This decision has already received approval from the Finance Committee of the National Assembly.
