Salary Tax Calculator 2024-2025 - Income Tax Slabs Pakistan

Salary Income Tax Slabs 2022 - 2023

As per the Federal Budget 2024-2025 presented by the Government of Pakistan, the following slabs and income tax rates will be applicable for salaried persons for the years 2024-2025:

1. When the taxable salary income does not exceed Rs 50,000 the rate of income tax is 0%.

2. Where the taxable salary income exceeds Rs. 50,000 but does not exceed Rs. 1,00,000 per month the rate of income tax is 2.5% of the amount exceeding Rs. 50,000.

3.Where the taxable salary income exceeds Rs. 100,000 per month but does not exceed Rs 200,000 the rate of income tax is Rs. 15,000+ 12.5% of the amount exceeding Rs. 1,200,000 per year salary.

4.Where the taxable salary income exceeds Rs. 200,000 per month but does not exceed Rs.300,000 the rate of income tax is Rs. 165,000 + 20% of the amount exceeding Rs. 2,400,000 per year salary.

5.Where the taxable salary income exceeds Rs.300,000 per month but does not exceed Rs. 500,000 the rate of income tax is Rs. 405,000 + 25% of the amount exceeding Rs. 3,600,000 per year salary.

6. Where the taxable salary income exceeds Rs.500,000 per month but does not exceed Rs. 1,000,000 the rate of income tax is Rs. 1,005,000 + 32.5% of the amount exceeding Rs. 6,000,000 per year salary.

7.Where the taxable salary income exceeds Rs. 1,000,000 per month the rate of income tax is Rs. 2955,000 + 35% of the amount exceeding Rs. 12,000,000 per year salary.