No Script Javascript is disabled. Please enable it for better working experience.
Advertisement
Friday 19 July, 2024
Advertisement

Budget 2023-24: How Much Tax Govt Adds to Fan, Bulbs?

BY Shahzad Saeed Jun 11, 2023. 10:38 am UPDATED: Jun 11, 2023. 10:38 am

Advertisement

In the budget plan for the years 2023–2024, the federal government imposed a federal excise duty (FED) on incandescent and inefficient bulbs.

To discourage the use of inefficient fans, the government has imposed FED at Rs 2000 per fan. The federal cabinet has imposed a 20% ad-valorem tax on incandescent bulbs. To discourage the use of these inefficient bulbs, a 20% RD is implemented on tungsten filament incandescent lamps and their parts.

Numerous IT sector reliefs have been announced, and there have also been declared incentives for the agricultural department. To encourage energy conservation, the budget has imposed taxes on a number of household items that waste energy. In addition, the government did not raise taxes on imports of necessary goods for trade and business.

People should switch to energy-efficient fans after the new budget in order to save money and energy.

Read more: Budget 2023-24: Significant Tax Relief for Hybrid Cars

Advertisement

Related Articles

Coldwave to hit Pakistan after Oct 17
Latest

Coldwave to hit Pakistan after Oct 17

According to the Pakistan Meteorological Department (PMD) on Thursday, a cold wave...

Maryam Nawaz's son Junaid Safdar divorce Ayesha
Latest

Maryam Nawaz's son Junaid Safdar divorce Ayesha

Junaid Safdar, the son of Pakistan Muslim League-Nawaz (PML-N) Maryam Nawaz, announced...

Who is Kathy Leutner? Sidney Crosby’s girlfriend
Latest

Who is Kathy Leutner? Sidney Crosby’s girlfriend

PITTSBURGH Sidney Crosby, a standout for the Penguins and one of the...

Petrol Price in Pakistan reduced by Rs. 8 from 1st October
Latest

Petrol Price in Pakistan reduced by Rs. 8 from 1st October

After three large increases in the previous fortnightly reviews, the caretaker government...

Punjab Announces Holiday for Schools on 28 September 2023 Amid Pink Eye Outbreak
Latest

Punjab Announces Holiday for Schools on 28 September 2023 Amid Pink Eye Outbreak

Due to an increase in pink eye (conjunctivitis) instances, Punjab's temporary Chief...

Who was Maddy Cusack?
Latest

Who was Maddy Cusack?

THE world has been shocked by the news that Sheffield United star...

Advertisement

Latest News

Linda De Sousa Abreu arrested for allegedly filmed having intimate relation with inmate in prison
US

Linda De Sousa Abreu arrested for allegedly filmed having intimate relation with inmate in prison

In the UK, a female prison guard faces charges after it was...

Farah El Kadhi Dead at 36, Cause of Death
Viral

Farah El Kadhi Dead at 36, Cause of Death

Local reports state that a well-known beauty influencer from Tunisia passed away...

Morgan Metzer beaten, bound, raped and nearly choked to death
US

Morgan Metzer beaten, bound, raped and nearly choked to death

A mother of two who was assaulted, restrained, sexually assaulted, and on...

James Everett du Bois, US Army vet swept out to sea
US

James Everett du Bois, US Army vet swept out to sea

Pictured is a US army veteran who was washed out to sea...

Advertisement