Salary Can Be Paid Through Digital Mode
Salary Can Be Paid Through Digital Mode via Section 21(M): A person can incur salary expense other than through crossed banking instrument within a limit of Rs 25,000/- per month.
The amendment Ordinance has expanded the channel of distribution of salary by including through digital mode in it. Now a person can make salary payment through digital mode to employee and claim it as a tax expense.
For more information on FBR’s new regulations / circulars/ SROs/ amendments in taxation laws in Pakistan please visit https://www.fbr.gov.pk/