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Tag Archives: professional tax

Punjab Excise and Taxation Dept collects 336 million professional tax in six months

LAHORE: in fiscal year 2014-25 Excise and Taxation department Punjab has collected Rs 336 million as professional tax from July 2014 till now. The amount collected is two percent less than the last fiscal year 2013-14. Punjab Government has set a target of 822.529 Million Rupees for Excise to collect in the Budget of 2014-15, whereas Excise has barely collected ... Read More »

Gujranwala E&T to recover Rs1.6b

SIALKOT: The Excise and Taxation Department have started special campaign to recover Rs1.6 billion from the tax defaulters across Gujranwala division. As per details, 70 teams of Excise and Taxation Department have started recovery in Sialkot, Narowal, Gujrat, Mandi Bahauddin, Hafizabad and Gujranwala districts. A senior official told Customs Today that the department will recover Rs14.3 million as excise duty, Rs87.5 million as ... Read More »

Tax on professionals may go up

ISLAMABAD – The government has decided to impose withholding tax on international air tickets and increase the rate of the tax from six to 10 percent on professionals like doctors, lawyers, charted accountants etc in the upcoming budget. As per reports, the FBR projects revenue of Rs6 billion from WHT on international air tickets in budget 2014-2015. Moreover, the government ... Read More »