Salaried Class Pays Rs. 144 Billion Tax in Q1, Far More Than Retailers and Real Estate Combined
Pakistan’s salaried class paid Rs. 144 billion in income tax during July to September, exceeding the combined Rs. 54 billion … Read More The post Salaried Class Pays Rs. 144 Billion Tax in Q1, Far More Than Retailers and Real Estate Combined appeared first on ProPakistani .
During the first quarter of fiscal year 2026-27 in Pakistan, the salaried class paid Rs. 144 billion in income tax, significantly more than the combined Rs. 54 billion collected from retailers and the real estate sector, which saw a Rs. 90 billion shortfall. This disparity occurred as tax rates for property transactions were cut by half under the IMF program.
The real estate sector's income tax collection decreased by 38%, dropping to Rs. 35.2 billion, following a 50 percent reduction in advance tax rates. Property sales and purchases also saw a 42% and 31% decrease, respectively, bringing in Rs. 23 billion and Rs. 12.2 billion. In contrast, withholding taxes from wholesalers and retailers only increased by 1.3%, totaling Rs.
18.4 billion. Despite the government's tax cuts and relief measures, salaried individuals' income tax payments rose by 10.2%, reaching Rs. 629 billion, while the real estate sector's payments remained stable at Rs. 236 billion.
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