Karachi: The Pakistan Business Council has compared the income tax rates for salaried individuals in Pakistan and India.
According to a statement released by the Pakistan Business Council, income tax for salaried individuals in Pakistan is 9.4 times higher than in India. In Pakistani Rupees, a salary of 100,000 converts to 30,030 Indian Rupees.
The statement further highlights that an individual earning 100,000 Rupees annually in Pakistan pays 30,000 Rupees in tax, while the tax in India is 3,018 Pakistani Rupees.
For someone earning 150,000 Rupees per month, the annual tax in Pakistan is 120,000 Rupees, whereas in India it is 12,027 Pakistani Rupees.
The Pakistan Business Council argues that the tax system is not equitable, and the salaried class in Pakistan is not receiving commensurate value for their higher tax payments.