In the upcoming budget, it has been decided to continue the super tax on those with annual income of 15 crores.
According to the sources of the Federal Board of Revenue, during the next financial year, 1% super tax will be levied on those with an income of 15 crores, while 2% super tax will be imposed on those with an income of 20 crores.
According to FBR sources, 3% super tax will be levied on annual income of 25 crores and 5% on annual income of 30 crores during the next financial year.
According to sources, 10% super tax will be levied on income above 30 crore during the next financial year.
Sources also say that super tax will be imposed on vehicles, beverages, chemicals, fertilizers, steel and cement sectors.
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