ISLAMABAD The government unveiled the “Meri Gari Scheme” on Friday, according to ARY News, in an effort to help the general public.
2.Important Scheme
Reduced Taxes: The government has made reductions on sales tax from 17% down to 12%. 5% on small cars. This therefore will imply that the total cost of these cars will be lower.
In addition, the finance minister stated that new cars with engines up to 800cc are not required to pay advance customs charge.
From 17% to 12.5%, he claimed, the government has reduced the sales tax on cars made in the country. Additionally, he stated that the government has eliminated Federal Excise Duty (FED) on cars with 850cc engines and will reduce the fee on electric vehicles.
According to him, the government has reduced the sales tax on cars made in the country from 17% to 12.5%. He added that the Federal Excise Duty (FED) on 850cc cars has been waived by the government, and that the duty on electric cars will be reduced. One has to cross-check all the details to ensure one fulfills the necessary standard for the application
Important Aspects of the 2021–2022 Budget
Nothing new to tax salaried individuals
A ten percent rise in government employees’ pay and benefits
Rs 260 billion for the Ehsaas Program; a target of Rs 5829 billion for tax collection
Remittances increased by 25% and totaled $29 billion in FY2020.
The budget for development has grown to Rs900 billion from Rs630 billion.
Up to Rs. 500,000 in loans will be provided to 4–6 million families.
Diamir Bhasha Dam has a reserved sum of Rs 23 billion.
30 billion rupees are being up for health, 44.
FAQs:
Who developed the Meri Gari Scheme?
They are the government’s efforts towards an effective reduction of the taxes on small cars.
Several Pakistanis now have a greater chance of being able to afford a car thanks to the Meri Gari Scheme. But before taking out a car loan, you should carefully analyze the recurring payments and organize your finances responsibly. It is possible to guarantee a seamless and fruitful experience with automobile ownership by doing your homework, analyzing loan conditions, and selecting a vehicle that fits your requirements and price range.
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