How much tax salaried class paid in first seven months of FY2026?

2026-02-06 - 07:56

ISLAMABAD – The income tax paid by salaried individuals in Pakistan has recorded an increase of 10 percent, reaching Rs315 billion during the first seven months of the current fiscal year. According to interim figures from the Federal Board of Revenue (FBR), this amount represents a rise of Rs30 billion, or 10.5%, compared to the same period last year, when Rs285 billion were collected. The tax payments from salaried employees in both the public and private sectors have been more than double the contributions from the real estate sector during the same period. The Rs315 billion figure excluded book adjustments and payments made under section 153-B of the Income Tax Ordinance by certain contract employees. In addition, statistics from the Bureau of Immigration and Overseas Employment show that 762,000 Pakistanis left the country in the last calendar year, of which 254,180 were skilled, highly skilled, or highly educated. Despite this, the government disputes the notion that only skilled individuals are leaving the country. Finance Minister Mohammad Aurangzeb stated that Pakistan continues to earn $4 to $5 billion annually in IT exports, suggesting that skilled individuals are still working within the country. He also acknowledged the reduction of the income tax rate from 5% to just 1% for those earning up to Rs100,000 a month. FBR Chairman Rashid Langrial assured the Senate Standing Committee that the names of individuals hindering enforcement actions would be disclosed in a closed-door session. Meanwhile, withholding tax receipts from the real estate sector totaled Rs152 billion, marking a 17% increase over last year.