Potential tax relief on horizon for salaried employees

Employees across various grades are anticipating good news, with discussions underway to extend relief to those in Grade 1 to 16, and a new proposal under consideration for Grade 17 to 22.

For salaried individuals specifically, significant changes to the income tax slabs are being weighed. A key proposal aims to increase the annual tax exemption limit to above Rs. 600,000.

The ultimate decision on these measures rests with the Prime Minister, who will finalize the details in an upcoming federal cabinet meeting.

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