SALARY TAXATION IN PAKISTAN DIFFERENCE BETWEEN WAGE AND SALARY Wage: · Payment Basic: Wages are typically paid on an hourly or daily basis. · Fluctuation: The amount earned can vary based on the number of hours worked. Overtime, holidays, and shift differentials can increase total pay. · Job Type: Often associated with jobs where the […]

Sindh Finance Act 2024 – 2025 Highlights of the Sindh Finance Act 2024-2025 Standard Tax Rate Adjustment The Sindh Sales Tax (SST) standard rate has increased from 13% to 15% to harmonize with other provinces. This adjustment aims to eliminate tax arbitrage and prevent the loss of business and tax revenue across jurisdictions, though it […]

What’s Mandatory and What Matters When you receive your first job offer or salary slip in Pakistan, you’ll notice it’s not just one big number. Your salary is broken down into multiple components: Basic Salary, House Rent Allowance (HRA), Conveyance Allowance, Medical Allowance, and more. But have you ever wondered why this breakup exists? Is […]