Updated (November 18, 2023)
| Monthly Income | Monthly Tax | Income After Tax |
0 |
0 |
0 |
| Yearly Income | Yearly Tax | Income After Tax |
0 |
0 |
0 |
| NOTE: Calculated tax amount are for your estimation and depend on that you have only individual/Non-Salaried income. For further details you may contact us. | ||
|---|---|---|
As per the Federal Budget 2023-2024 presented by the Government of Pakistan, the following slabs and income tax rates will be applicable on individual/non-salaried income only for the years 2023-2024.
1. Upto Rs.600,000/- =>> The rate of income tax is 0%.
2. From Rs.600,001/- to Rs.800,000/- =>> The rate of یncome tax is 7.50% of the amount exceeding Rs.600,000/-
3. From Rs.800,001/- to Rs.1,200,000/- =>> The rate of income tax is 15.00% of the amount exceeding Rs.800,000/- and fixed tax amount is Rs.15,000/-.
3. From Rs.1,200,001/- to Rs.2,400,000/- =>> The rate of income tax is 20.00% of the amount exceeding Rs.1,200,000/- and fixed tax amount is Rs.75,000/-.
3. From Rs.2,400,001/- to Rs.3,000,000/- =>> The rate of income tax is 25.00% of the amount exceeding Rs.2,400,000/- and fixed tax amount is Rs.315,000/-.
3. From Rs.3,000,001/- to Rs.4,000,000/- =>> The rate of income tax is 30.00% of the amount exceeding Rs.3,000,000/- and fixed tax amount is Rs.465,000/-.
6. From Rs.4,000,001/- to onward =>> The rate of income tax is 35.00% of the amount exceeding Rs.4,000,000/- and fixed tax amount is Rs.7655,000/-.
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