FBR Proposes 5% Income Tax Reduction for Salaried Class

The Federal Board of Revenue (FBR) has sent a proposal to the Ministry of Finance suggesting a five percent reduction in income tax for the salaried class in the next federal budget. The proposal recommends lowering the maximum tax slab. Additionally, the recommendations include ending the super tax currently imposed on the salaried class. These proposals are part of broader budget preparations and negotiations with the IMF.