Federal Budget 2015-16 is announced on Friday 5th June 2015 in which 7.5 Percent Salary of Government employees is increased.Adhoc Relief of 2011 & 2012 merged in basic pay and 25 % Medical Allowance increased.
Pay & Pension of Employees increased in Budget 2015-16
Government employees pay & Pension is increase by 7.5 Percent in this years. Salary of Govt.Employees is increased by merger of Adhoc allowances of 2010 & 2012 in Basic Pays. There are five Adhoc relief allowances.But two are merged in Basic pay.
In this year 2015 Government has given 7.5 % Ad-hoc relief allowance and 25 percent Medical Allowance has been increased.
In budget 2015-16 Tax on salary person has been decreased from 5 % to 2%.
7.5 % increase in Pension of retired employees.
25 % increase in medical allowance of pensioners.
Minimum Pension has been increased 13000 per month
Family pension for widow and daughter of pensioner also increased.
Federal budget 2015-16 govt employee’s salary increase details Urdu information
Fiscal year budget of 43 billion to 13 billion announced in the budget 780 billion for defense and energy sectors have been allocated 248 billion. Federal Finance Minister of Defense in the next fiscal year’s budge increased by 11 percent to 780 billion rupees have been allocated for the ADP 1513 billion, 248 billion for the energy sector, 102 billion to support programs , Community Development Program 20 billion, the treasury 4 billion hydro power project Dasu first phase of 52 billion have been allocated, Neelum-Jhelum project 11 billion water project 31 billion, Earthquake Recovery 7 billion for the rehabilitation of IDPs and 100 billion earmarked in the budget.
Ishaq Dar said HEC are the half 71 billion, 37 billion for railway employees and pensioners have been allocated in the budget for a total amount of 78 billion railway has been laid in Karachi Green line 16 billion for the project, and this project will be completed in December 2016.
According to the Federal Minister of Finance 20 billion for special schemes are for the Prime Minister’s Youth Business Loan Scheme 6 percent interest rate has been reduced from 8 percent, to fiber optic link to connect to the rest of the country 2.8 billion will be invested, for textile policy has 64 billion to 15 billion financial packages. The disbursement of funds for year 500 billion increase from 600 billion’re next 3 years 30 thousand tubewells to put the loans will be paid, and especially 5 acres of irrigated and 10 acres arid owned credit to farmers be The farmer will buy solar powered tube wells on loans for which the government would pay up.
Federal Finance Minister industrial units in KP levied income tax exemption for 5 years announced that sales tax on the import of equipment, customs duties were abolished, wind and sun to produce energy 5 years on machinery must not impose income tax, budget, rice mills have been declared exempt from taxes until 2015. The halal meat certified companies 4-year income tax exemption will be granted, brick and gravel supply of 30 June 2018, sales tax exempt from payment is being, used construction machinery imports duty 30% has been reduced by 20 percent, providing opportunities for agriculture industries are being given special privileges and employ 500 people who will give their tax rate will be reduced.
16 years studying internship scheme for the unemployed to announce the scheme next year will be 50 thousand students internships and internships in government departments during the monthly compensation of Rs 12 will be given.