The trader-friendly scheme’s adjustable advance tax table, which outlines the monthly tax responsibilities for traders in various sectors, has been released.
In 78% of the locations, a 5,000 rupee monthly tax has been implemented. One-fourth of the locations have a tax rate of Rs 10,000. Five percent of the areas’ traders will need to make a monthly payment of Rs 20,000.
In 2% of the locations, there will be a monthly tax of Rs 30,000. The tax in 0.6% of the locations is Rs 40,000. In 0.32% of the locations, the maximum monthly advance tax of Rs 60,000 will be imposed.
Traders may also receive a reduction of 25% on lump sum tax payments to the Federal Board of Revenue (FBRK).
