Lowest income tax rate is 1pc, not 2.5pc: PM Shehbaz

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ISLAMABAD: Prime Minister Shehbaz Sharif announced on Wednesday that the income tax rate for salaried individuals earning between Rs600,000 and Rs1.2 million annually had been reduced to 1 per cent from the previous 5pc.

There has been some confusion over the income tax rate for the first slab.