Budget 2025-26 How Much Tax on Cash Withdrawal from Bank The federal government is presenting a budget of Rs 17,600 billion in Parliament for the fiscal year 2025-26 today, which includes some points regarding cash withdrawals from banks.I will tell You how many tax you will pay on cash withdrawal from bank..
The federal government is set to present a Rs. 17,600 billion (Rs. 17.6 trillion) budget for the fiscal year 2025-26 in Parliament today. Ahead of the announcement, a special meeting of the federal cabinet will be held at 4 PM at the Parliament House, where key budget proposals including the Finance Bill, salary and pension increases will be approved.
According to official sources, federal revenue is estimated to reach Rs. 19,300 billion. The Federal Board of Revenue (FBR) is expected to set a tax collection target of Rs. 14,130 billion. Out of this, approximately Rs. 8,300 billion—around 57%—will be distributed to provinces under the NFC (National Finance Commission) Award.
The budget deficit for the upcoming fiscal year is likely to hover around Rs. 6,500 billion. Additionally, Rs. 8,500 billion have been allocated for interest payments on loans. A sum of Rs. 1,000 billion will be set aside for the federal development program