ایف بی آر کی پریس ریلیز

15% SURCHARGE ON PAYABLE INCOME TAX FOR PERIOD 15TH MARCH 2011 TO 30TH JUNE 2011- CLARIFICATION

A news item appearing in today’s press about the levy of 15% surcharge on every income taxpayer has created an impression that an Ordinance to levy this surcharge has been issued now. In order to correct the wrong impression created through this news item, it is clarified that 15% surcharge on payable income tax for period 15^th March 2011 to 30^th June 2011 has already been issued and implemented w.e.f. 15^th March 2011 and no such Ordinance has been issued thereafter.