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ISLAMABAD: The amended Finance Bill 2024 has restored 25 percent tax rebate available to the full-time teachers or researchers.

The Tola & Tola /Tola Associates, while explaining amendments in Finance Bill 2024, informed that the Bill had proposed to remove the 25% rebate available of the tax payable on the income from salary, to a full-time teacher or a researcher employed in a non-profit education or research institution duly recognized by Higher Education Commission, a Board of Education or a University recognized by the Higher Education Commission, including government research institution.

Teachers, researchers: APSUP, PAMI urge govt to restore tax rebate

The Amended Bill has proposed to withdraw such removal. Consequently, such 25% rebate has been restored vide the Amended Bill.

Copyright Business Recorder, 2024

Comments

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Shahzad Saleem Jun 30, 2024 08:51am
Great relief to teachers
thumb_up Recommended (0)
Shoukat Samo Jul 05, 2024 11:56am
There should be relaxation of 25 rebate for teachers
thumb_up Recommended (9)