Khyber Pakhtunkhwa: Decision to dismiss the employees who were recruited during
the previous caretaker government.
The Khyber Pakhtunkhwa government
has decided to lay off thousands of employees who were recruited during the
previous caretaker government.
Khyber Pakhtunkhwa Law Minister
Aftab Alam Afridi has said in his statement that the caretaker government did
illegal and unconstitutional work, the constitution and election act also do
not allow the caretaker government to recruit new employees.
According to Provincial Law
Minister Aftab Alam Afridi, they are preparing to send home all the employees
recruited during the caretaker government through legislation.
Law Minister KP said that to hide
the employees, various departments have also used false statements, the
bureaucracy first told 1800 employees, on increasing the pressure, they
released about 6 thousand names.
Aftab Alam further said that most
of the recruitments took place in the education and health departments, the
recruits include class four, some have submitted NOCs and some have submitted
NOCs of the local election commission. There are no NOCs.
Salaries of employees of
autonomous, semi-autonomous institutions have been increased by 25%.
The Ministry of Finance has
increased the salaries of the employees of autonomous, semi-autonomous
institutions.
In the announcement issued by the
Ministry of Finance, it has been said that the salaries of the employees of
autonomous, semi-autonomous bodies have been increased by 20 to 25 percent.
According to the notification,
the salaries of the employees of grades 1 to 16 of these institutions have been
increased by 25 percent, while the salaries of employees of grades 17 to 22
will be increased by 20 percent.
The announcement said that the salary increase will be applicable from July 1, 2024.
Prime Minister approved
pre-flood tax system for salaried class.
Islamabad: Prime Minister Shehbaz
Sharif has approved the pre-filled return system for taxpayers under Income Tax
Ordinance 2001.
Prime Minister Shehbaz Sharif yesterday issued
instructions to start the pre-filled return system of salaried taxpayers from the
financial year 2024-25 and ordered to implement these instructions from
September 23.
Apart from this, from 2025, the
system of filing pre-filed income tax returns will also be started for
businessmen (individuals).
From the beginning of the week,
when the salaried class will log on to the FBR website, all the data of
pre-filed returns will be available in front of them.
On the instructions of the Prime
Minister, FBR is also going to automate businessmen.
What is a pre-flood return?
A pre-filled tax return is a tax
form in which some financial information is already filled automatically by the
tax authority, from various entities such as employers, banks, investment
companies and other entities. are collected. This information may include
information such as salary, bank interest, dividends, investments in mutual
funds or retirement accounts.
Its main objective is to simplify
the tax filing process for taxpayers so that they have to fill minimum
information manually.
This process usually involves the
tax authority collecting relevant financial information from various financial
institutions such as employers, banks and investment companies. Based on this
information, the tax return is pre-filled. However, before filing the tax
return, the taxpayer reviews the pre-filled form, checks its accuracy, and if
any additional information needs to be provided (such as any deductions or
Other Income), then he adds. As soon as the taxpayer accepts the information as
correct, he submits the form.
This system is designed to save time, reduce errors and improve tax payment. Some countries that use pre-filled tax returns include Australia, Sweden and some countries in the European Union.
The details of the tax returns
of FBR employees were presented in the National Assembly.
ISLAMABAD: Details of tax returns
of Federal Board of Revenue (FBR) employees were presented in the National
Assembly.
According to the details
submitted by the Federal Ministry of Finance, out of 19 thousand 151 employees
of FBR, 10 thousand 102 employees submitted tax returns in 2023.
According to the Ministry of
Finance, 8 thousand 503 employees of FBR are receiving less than the annual
salary limit of 6 lakh rupees. 263 FBR officers could not submit tax returns
due to long leave. 74 officers posted in FBR are on probation whose salaries
are below the tax limit.
The Finance Ministry told the
House that the budget deficit is being financed through domestic and foreign
debt, the increase in public debt was due to the fiscal deficit and
depreciation of the rupee.
According to the finance
minister, if the increase in the rate of borrowing is greater than the increase
in tax, the interest payments on the loan will increase.
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