AGP Flags Salary-Driven Rise in Tax Burden
The Auditor General of Pakistan (AGP) has revealed that a sharp rise in withholding tax collection during FY24 was primarily driven by higher deductions on salaried income. According to the latest report published by AGP on Inland Revenue and Customs, withholding tax collection reached Rs2.74 trillion in 2023-24, accounting for more than 60 percent of…