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.
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The Amended Bill has proposed to withdraw such removal. Consequently, such 25% rebate has been restored vide the Amended Bill.
Copyright Business Recorder, 2024
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