New Income Tax slabs in Pakistan Budget 2022 – Calculate Income Tax Online
The Federal Govt of Pakistan presented its annual budget for 2022-2023 on 10 June 2022. The federal govt has announced newly revised pay scales. New Income Tax slabs in Pakistan are also revised and given below. Check Revised Pay Scale Chart 2022. You can easily Calculate your income tax after budget 2022-23.
New Income Tax slabs in Pakistan Budget 2022
| Sr.No | Taxable Income | Tax Rate |
|---|---|---|
| 1 | Where the taxable income does not exceed Rs600,000 | 0 |
| 2 | Where the taxable income exceeds Rs600,000 but does not exceed Rs1,200,000 | Rs100 |
| 3 | Where taxable income exceeds Rs1,200,000 but does not exceed Rs2,400,000 | 7% of the amount exceeding Rs1,200,000 |
| 4 | Where taxable income exceeds Rs2,400,000 but does not exceed Rs3,600,000 | Rs84,000 + 12.5% of the amount exceeding Rs2,400,000 |
| 5 | Where taxable income exceeds Rs3,600,000 but does not exceed Rs6,000,000 | Rs234,000 + 17.5% of the amount exceeding Rs3,600,000 |
| 6 | Where taxable income exceeds Rs. 6,000,000 but does not exceed Rs12,000,000 | Rs654,000 + 22.5% of the amount exceeding Rs6,000,000 |
| 7 | Where taxable income exceeds Rs12,000,000 | Rs2,004,000 + 32.5% of the amount exceeding Rs12,000,000. |
Personal income tax rates Budget 2022
The following tax rates apply where the income of the individual from salary exceeds 75% of taxable income.
| Taxable income (PKR) | – | Tax on column 1 (PKR) | Tax on the excess of column 1 (%) |
|---|---|---|---|
| Over (column 1) | Not over | ||
| 0 | 600,000 | 0 | |
| 600,000 | 1,200,000 | 5 | |
| 1,200,000 | 1,800,000 | 30,000 | 10 |
| 1,800,000 | 2,500,000 | 90,000 | 15 |
| 2,500,000 | 3,500,000 | 195,000 | 17.5 |
| 3,500,000 | 5,000,000 | 370,000 | 20 |
| 5,000,000 | 8,000,000 | 670,000 | 22.5 |
| 8,000,000 | 12,000,000 | 1,345,000 | 25 |
| 12,000,000 | 30,000,000 | 2,345,000 | 27.5 |
| 30,000,000 | 50,000,000 | 7,295,000 | 30 |
| 50,000,000 | 75,000,000 | 13,295,000 | 32.5 |
| 75,000,000 | 21,420,000 | 35 |
