What is the monthly income of an income tax applicable person? The finance minister said

Federal Finance Minister Muftah Ismail has said that 12% income tax will be levied on those earning Rs 100,000 to Rs 300,000 per month.

"The previous government left us on the path of default," Muftah Ismail said in an interview on private TV.  I don't think we should subsidize petrol and electricity.  Last year, we spent Rs 1,500 crore on electricity subsidies.

Federal Finance Minister Muftah Ismail warned that petroleum tax would be increased to Rs 50, there should be no subsidy on petroleum products.  "In some places the IMF obeyed us and in others it did," he said.  Rs. Monthly salary.

Talking about super tax, he said that super tax would also apply to banks and sugar industry and it would be unilateral.  A flat tax of Rs 3,000 to Rs 10,000 was levied on wholesale and retail stores.  Out of 30,000 gold shops, only 22 are registered.