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Salary Tax Calculator 2023 & 2024 for Pakistan
Pakistan’s government has released a new salary income tax rate/ slabs based on the country’s 2022-2023 budget.
Income Tax Calculator 2023 & 2024
To calculate your monthly and annual tax, put your monthly salary in the monthly salary tab.
Latest Salary Income Tax Slabs July 2022 – 2023
Monthly Income Tax Salary Slabs
For the fiscal years 2022-2023, Pakistan’s federal government has proposed the following tax slabs and rates for salaried individuals:
Monthly Income Tax Salary Slabs 2022-2023 Diagram
| Taxable Income | Rate of Tax |
|---|---|
| Salary Under Rs. 50,000 Per Month | No Tax |
| More than Rs. 50,000 but fewer than Rs. 100,000 per month | 2.5% of amount after 50,000 Rs |
| Higher than PKR 100,000 but under 200,000 per month | PKR 15,000 + 12.5% of the amount exceeding Rs. 1,200,000 |
| Higher than Rs. 200,000 but under 300,000 per month | PKR 165,000 + 20% of the amount exceeding Rs. 2,400,000 |
| Higher than Rs. 300,000 but under 500,000 per month | PKR 405,000 + 25% of the amount exceeding Rs. 3,600,000 |
| Higher than Rs. 500,000 but under 1,000,000 per month | PKR 1,005,000 + 32.5% of the amount exceeding Rs. 6,000,000 |
| Higher than Rs. 1,000,000 per month | PKR 2955,000 + 35% of the amount exceeding Rs. 12,000,000 per year |
Income Tax Rates and Slabs for Rental Income, 2022-2023
Last Year Salary Income Tax Rates for the Year 2021 (July 2021 – June 2022)
| Taxable Income | Rate of Tax |
|---|---|
| Where the taxable income does not exceed Rs. 600,000 per year income | 0 |
| Where the taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000 per year income | 5% |
| Where the taxable income exceeds Rs. 1,200,000 but does not exceed Rs. 1,800,000 per year income | Rs. 30,000 + 10% of the amount exceeding Rs. 1,200,000. |
| Where the taxable income exceeds Rs. 1,800,000 but does not exceed Rs. 2,500,000 per year income | Rs. 90,000 + 15% of the amount exceeding Rs. 1,800,000. |
| Where the taxable income exceeds Rs. 2,500,000 but does not exceed Rs. 3,500,000 per year income | Rs. 195,000 + 17.5% of the amount exceeding Rs. 2,500,000. |
| Where the taxable income exceeds Rs. 3,500,000 but does not exceed Rs. 5,000,000 per year income | Rs. 370,000 + 20% of the amount exceeding Rs. 3,500,000. |
| Where the taxable income exceeds Rs. 5,000,000 but does not exceed Rs.8,000,000 per year income | Rs. 670,000 + 22.5% of the amount exceeding Rs. 5,000,000. |
| Where the taxable income exceeds Rs. 8,000,000 but does not exceed Rs. 12,000,000 per year income | Rs. 1,345,000 + 25% of the amount exceeding Rs. 8,000,000. |
| Where the taxable income exceeds Rs. 12,000,000 but does not exceed Rs. 30,000,000 | Rs. 2,345,000 + 27.5% of the amount exceeding Rs. 12,000,000. |
| Where taxable salary income exceeds Rs. 30,000,000 but does not exceed Rs. 50,000,000 | Rs. 7,295,000 + 30% of the amount exceeding Rs. 30,000,000. |
| Where taxable salary income exceeds Rs. 50,000,000 but does not exceed Rs. 75,000,000 | Rs. 13,295,000 + 32.5% of the amount exceeding Rs. 50,000,000. |
| Where the taxable salary income exceeds Rs. 75,000,000 | Rs. 21,420,000 + 35% of the amount exceeding Rs. 75,000,000. |