(Web Desk) — In a move that has stirred widespread concern, the Punjab government has introduced a new professional tax by amending the Punjab Finance Act of 1977.
This change mandates that the tax be directly deducted from employees’ salaries across various sectors, adding a significant financial strain on workers.
The decision, which follows a recent ruling by the Lahore High Court, has been described as a “tax bombshell” by critics. The amendment, which requires all companies in the province to withhold and remit the professional tax, has drawn sharp criticism from those already unhappy with the government’s economic policies.
Under the new regulations, each company’s chief principal officer is responsible for ensuring the tax is deducted and paid to the government. Non-compliance will lead to punitive measures against companies.
The new tax has sparked concerns about its impact on workers, particularly those from lower-income backgrounds, as it affects employees across all sectors.