Pakistan Budget 14-15: New tax rates on cars, vehicles
The government has slapped increased tax rates as well as advance tax on motor cars in the budget 2014-15.
Up to 850 cc, the proposed advance tax stands at Rs 10000 for both return filers and non-filers. For 851 cc to 1000 cc, the proposed tax rate is Rs 20000 for filers and Rs 25,000 for non-filers.
For 1001cc to 1300cc, the government has proposed tax rate of Rs30,000 on filers and Rs40,000 for non-filers. For 1301 cc to 1600 cc, the proposed tax rate is Rs 50000 for filers and Rs 100,000 for non-filers.Read More »Pakistan Budget 14-15: New tax rates on cars, vehicles