salary increase chart in budget 2024 25 Pakistan pdf download

In Pakistan, the most recent budget for the fiscal year 2024-25 has resulted in substantial modifications in salary structure of public servants.

In order to explain these changes, we have prepared an elaborate graph detailing salary increments. The chart explains new pay scales, increments and allowances associated with different grades and positions.

For your convenience, this chart can be readily viewed and downloaded in PDF format. Click here to access the complete salary increment chart so that you may stay informed about any new developments concerning your pay scale.

The government is suggesting the exemption to continue for those whose yearly income is 600,000 PKR or below. However, the tax has been proposed to increase up to 2,500 PKR for people who earn between 600,000 and1,200,000 PKR in a year; whereas salaried individuals earning anywhere between Rs1.2 and Rs2.2 million annually would be required to pay Rs15, 000 monthly as tax.

The suggested monthly tax is 35,834 PKR for those who earn between 2,200,000 and3,2000,000 PKR in a year. Salaried individuals making between Rs3.2million and uptoRs4.1 million annually are expected to bear a monthly tax of more than RS58k; this could be done by adding an extra category of earners with that level of remuneration and on whom such amount of money would be charged every month as tax.

A total charge of 35% should also be levied on all incomes exceeding ₨14 million per annum

salary increase chart in budget 2024 25 Pakistan pdf download