SALARY TAX CALCULATOR
In Pakistan, salaried individuals are taxed based on progressive tax slabs. This means that the amount of tax you pay increases as your income increases. Knowing which tax slab you fall into is crucial for accurate tax calculations and financial planning. Understanding these tax slabs is important as it helps you determine how much tax you need to pay and allows for better financial planning.
Here are the current tax slabs for salaried individuals in Pakistan for the year 2024: Download 24-25 Income Tax Card Rates
Salaried Individual | Tax Rate |
---|---|
Up to Rs. 600,000 | 0% |
Rs. 600,001 to Rs. 1,200,000 | 5% of exceeding Rs. 600,000 |
Rs. 1,200,001 to Rs. 2,200,000 | Rs. 30,000 plus 15% of exceeding Rs. 1,200,000 |
Rs. 2,200,001 to Rs. 3,200,000 | Rs. 180,000 plus 25% of exceeding Rs. 2,200,000 |
Rs. 3,200,001 to Rs. 4,100,000 | Rs. 430,000 plus 30% of exceeding Rs. 3,200,000 |
Above Rs. 4,100,000 | Rs. 700,000 plus 35% of exceeding Rs. 4,100,000 |
Director fee for Board Meeting | 20% of gross amount |