7.5% Tax for Rs25,000+ Electricity Bills

News Image

By MG News | September 02, 2023 at 12:50 AM GMT+05:00

0:00

September 02, 2023 (MLN): Residential customers whose names do not appear on the FBR’s active tax payer list will be charged 7.5% Advanced Income Tax on monthly electricity bills of Rs25,000 and above.

This is in accordance with the Government of Pakistan Finance Act 2021, as per K-Electric website.

However, individuals who are tax filers and have their names listed as active taxpayers with the FBR can receive income tax exemptions and are required to update their CNIC (Computerized National Identity Card) information linked to their current account number.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 133,403.19
324.46M
0.02%
33.04
ALLSHR 83,188.05
1,204.34M
0.13%
106.90
KSE30 40,651.46
104.88M
-0.13%
-53.85
KMI30 192,083.92
123.92M
-0.26%
-496.76
KMIALLSHR 55,847.70
679.22M
0.02%
11.98
BKTi 36,422.88
17.65M
0.29%
105.71
OGTi 28,437.61
10.77M
-0.37%
-105.35
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,150.00 109,545.00
109,120.00
-65.00
-0.06%
BRENT CRUDE 69.99 70.04
69.85
-0.16
-0.23%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.14 68.19
67.78
-0.19
-0.28%
SUGAR #11 WORLD 16.15 16.37
16.10
-0.13
-0.80%

Chart of the Day


Latest News
July 09, 2025 at 06:34 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 08, 2025 at 11:29 PM GMT+05:00

PIA bidders shortlisted, Roosevelt JV gets green light


July 08, 2025 at 05:29 PM GMT+05:00

Money Link Exchange shuts down operations


July 08, 2025 at 04:41 PM GMT+05:00

Gold price in Pakistan rises Rs1,500 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg