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Professional Tax Impacts Punjab Workers as Government Justifies Revenue Measure

Professional Tax Impacts Punjab Workers as Government Justifies Revenue Measure

The Punjab government has introduced a new Professional Tax by amending the Punjab Finance Act of 1977. This tax will be directly deducted from employees’ salaries by their employers in the province.

The new tax measure follows a court ruling mandating that companies in Punjab implement these deductions and face potential penalties for non-compliance.

Read more: FBR Eliminates Sales Tax on Used Car Auctions

Lower-income workers are particularly concerned as this tax increases their financial strain amidst ongoing economic challenges.

While the Punjab government argues that the tax is crucial for increasing revenue and achieving fiscal objectives, public debate continues over its impact on financial stability for employees.

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