Khyber Pakhtunkhwa Dismisses Caretaker-Recruited Employees, Grants 25% Salary Hike for Autonomous and Semi-Autonomous Institution Staff, and Introduces New Tax System for Salaried Class.

 

Khyber Pakhtunkhwa Dismisses Caretaker-Recruited Employees, Grants 25% Salary Hike for Autonomous and Semi-Autonomous Institution Staff, and Introduces New Tax System for Salaried Class.

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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