This update summarises a developing FBR/Finance matter. Confirm figures and effective dates against the official notification before acting.
The Finance Act 2026 has been enacted, fixing the tax framework for Tax Year 2026-27 (1 July 2026 – 30 June 2027). The headline items affect salaried slabs, business rates and the filer/non-filer withholding gap.
Headline Changes
- Salaried exemption threshold retained at Rs. 600,000.
- Revised middle-income slabs for salaried individuals.
- Wider filer vs non-filer withholding differential.
For the full breakdown, see our Finance Act 2026 summary guide and estimate your liability with the income tax calculator.
Expert Take
The direction of travel is unchanged: reward documentation, penalise staying outside the net. If you have been a non-filer, the maths for joining the ATL just got more compelling.
— Aitsaam Ali, Senior Tax Consultant, Kamboh Associates