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The 2023–24 Punjab, Pakistan budget on 19 June I2023, the interim government of Punjab, led by Chief Minister Mohsin Naqvi, approved a budget of the fiscal year 2023-24 for the first four months (Since there is no elected government, the caretaker government lacks the authority to approve a full-year budget.
Punjab has the largest economy in Pakistan, contributing most to the national GDP. The province's share was 60.58% in 2020 to national economy. Sindh which is the second largest province in terms of population and GDP which has steadily continued to grow, contributes 23.7% to the national economy.
The economy of Punjab is the 16th largest state economy in India with ₹8.02 lakh crore (US$100 billion) [1] (FY2024-25) in gross domestic product and a per capita GDP of US$3460 (264,000) ranking 19th amongst Indian states. [7] [8]
The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxes and expenditure cuts. The budget was accepted the next day.
Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income tax must be deducted at ...
2023–24 Punjab FC season. All statistics correct as of 16 April 2023. The 2023–24 season is the nineteenth season in Punjab FC 's existence, and club's first ever season in the Indian Super League after it became the first ever club to be promoted to the League by winning the 2022–23 I-League. [1]
The Finance Act, 2020 also imposes a TDS on dividend distribution by companies and mutual funds on or after 1 April 2020. The normal rate of TDS is 10% on dividend income paid in excess of Rs 5,000 from a company or mutual fund. However, as a COVID-19 relief measure, the government reduced the TDS rate to 7.5% for distribution from 14 May 2020 ...
Level and rank according to section 116 of Income Tax 1961(2023) Equivalent position or designation in Government of India Order of precedence (as per presidential order) 1 Inspectors of Income Tax: Assistant Section Officer 2 Income-Tax Officers / Tax Recovery Officers/Administrative officer: Section Officer 3 Junior Time Scale