Updated (November 18, 2023)
| Monthly Salary | Monthly Tax | Salary After Tax |
0 |
0 |
0 |
| Yearly Salary | Yearly Tax | Salary After Tax |
0 |
0 |
0 |
| NOTE: Calculated tax amount are for your estimation and depend on that you have only salary 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 for salaried persons for the years 2023-2024:
1. Upto Rs.600,000/- =>> The rate of income tax is 0%.
2. From Rs.600,001/- to Rs.1,200,000/- =>> The rate of income tax is 2.50% of the amount exceeding Rs.600,000/-
3. From Rs.1,200,001/- to Rs.2,400,000/- =>> The rate of income tax is 12.50% of the amount exceeding Rs.1,200,000/- and fixed tax amount is Rs.15,000/-.
4. From Rs.2،400,001/- to Rs.3,600,000/- =>> The rate of income tax is 22.50% of the amount exceeding Rs.2,400,000/- and fixed tax amount is Rs.165,000/-.
5. From Rs.3,600,001/- to Rs.6,000,000/-=>> The rate of income tax is 27.50% of the amount exceeding Rs.3,600,000/- and fixed tax amount is Rs.435,000/-.
6. From Rs.6,000,001/- to onward =>> The rate of income tax is 35.00% of the amount exceeding Rs.6,000,000/- and fixed tax amount is Rs.1,095,000/-.
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