No tax on Rs50,000 cash withdrawals — FBR sets new Rs75,000 limit for non-filers

ISLAMABAD: The government has decided to increase the cash withdrawal limit for non-filers before withholding tax is applied. The new limit has been raised from Rs50,000 to Rs75,000, while the withholding tax rate on such withdrawals has been increased from 0.6% to 0.8%. This decision was shared by Federal Board of Revenue (FBR) Chairman Rashid … Continue reading No tax on Rs50,000 cash withdrawals — FBR sets new Rs75,000 limit for non-filers