FaceTec, Inc.’s Post

Amite Sarkar

Digital Marketer
SEO Writer
Adobe After Effects
Microsoft Word
FaceTec, Inc.
In Pakistan, if your monthly salary is 5 lakh rupees, you have to pay more than 1 million rupees per year to the government in the form of income taxes. What do you get in return? Inflation, load-shedding, insecurity, pollution, robberies, disrespect, parking mafia, and corrupt politicians/rulers? On the other side, one mafia is enjoying all the perks, powers, and benefits, not only for themselves but also for their upcoming seven generations. Furthermore, what taxes are businesses paying? Don’t they deduct their expenses from revenue before calculating the tax amount? Aren’t they paying bribes to consultants so they can guide them on how to reduce their tax amounts? So why aren't travelling and food expenses of salaried persons considered in the calculation of income taxes? Now you know the reason for the brain drain – why skilled people are leaving Pakistan. United Arab Emirates: In the United Arab Emirates, there is a progressive income tax system with a tax-free salary threshold of AED 200,000 for singles and AED 300,000 for married couples. The first salary slab is AED 0 to 200,000, which is taxed at 0%. The second salary slab is AED 200,000 to 300,000, which is taxed at 20%. India: In India, there is a progressive income tax system with a tax-free salary threshold of INR 2.5 lakhs for individuals and INR 5 lakhs for married couples. The first salary slab is INR 0 to 2.5 lakhs, which is taxed at 0%. The second salary slab is INR 2.5 lakhs to 5 lakhs, which is taxed at 5%. Bangladesh: In Bangladesh, there is a progressive income tax system with a tax-free salary threshold of BDT 3 lakhs for individuals and BDT 6 lakhs for married couples. The first salary slab is BDT 0 to 3 lakhs, which is taxed at 0%. The second salary slab is BDT 3 lakhs to 6 lakhs, which is taxed at 10%. United States: In the United States, there is a progressive income tax system with a tax-free salary threshold of $12,200 for individuals and $24,400 for married couples filing jointly. The first salary slab is $0 to $12,200, which is taxed at 10%. The second salary slab is $12,200 to $40,125, which is taxed at 12%. Canada: In Canada, there is a progressive income tax system with a tax-free salary threshold of CAD 13,800 for individuals and CAD 27,600 for married couples filing jointly. The first salary slab is CAD 0 to CAD 13,800, which is taxed at 15%. The second salary slab is CAD 13,800 to CAD 45,000, which is taxed at 20.5%. Saudi Arabia: In Saudi Arabia, there is a There is no individual income tax scheme in Saudi Arabia Google Bard advises on international market salary taxes.
To view or add a comment, sign in
Partner With Amite
View Services