Islamabad: Government has decided to give relief to coorporate sector as it has decided that on perannum profit of Rs 200 million 500 million a super tax of 0.5 has been reduced.
Reduction in WHT tax on purchase of properties
The government in its financial year 2025-2026 budget has decided to reduce with holding tax on a purchase of the properties as the government has decided to decrease withholding tax from 4 percent to 2.5 percent.
In the second slab withholding tax has been reduced from 3.5 to 2 percent while for the thrid slab withholding tax reduced to 1.5 percent from 3 percent.
Elemination of Federal Exise Duty on transfer of properties
On the other hand, the government has also eleminated federal exercise duty on transfer of commercial properties, plots, residential houses.
It is pertinent to mention here that the government has imposed seven percent federal exise duty in the previous budget.
Tax on people recieiving heafty pensions
Federal government had decided to impose tax on people recieving heafty pensions while those less than of 70 years of age recieving per annum more than Rs 10 million will be imposed five percent tax .
On the other hand people getting less and medium range of pension will be exempted from tax.
