Pakistan, June 12 -- The federal government has revised income tax slabs for salaried individuals in the new budget, changing how much tax will be deducted from monthly income. The updates are part of broader tax relief measures announced by Finance Minister Muhammad Aurangzeb in the National Assembly. The changes aim to ease the burden on middle and higher-income earners.

According to budget proposals, monthly income between Rs183,333 and Rs266,666 will now face a reduced tax rate. The annual tax rate for this slab has been cut from 30 percent to 25 percent. Moreover, individuals earning around Rs466,666 per month will also receive relief. Their tax rate has been reduced from 35 percent to 29 percent.

In addition, those earning about R...