1.464 million to get Rs 8,167 million relief under new tax system

ISLAMABAD, June 2: Under the new income rates announced by the government in Budget 2012-13, over 1.464 million taxpayers will get benefit of Rs 8,167 million. According to a document distributed among newsmen during the post-budget press conference of Dr Abdul Hafeez Shaikh here on Saturday, the 51,032 salaried persons with income between Rs 350,000 to 400,000 will gent tax benefit of Rs 354 million, while 6,300 taxpayers in the income group of Business Individuals with Rs 350,000 to Rs.400,000 will get relief of Rs.145 million.

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