How much income tax do I pay in Pakistan?
How To Calculate Income Tax on Salary in 2022
| Taxable Income | Income Tax Rate in Pakistan |
|---|---|
| Where taxable income exceeds Rs.2,500,000 but does not exceed Rs. 3,500,000 | Rs. 195,000 plus 17.5% of the amount exceeding Rs. 2,500,000 |
How is tax calculated salary?
How to Calculate Taxable Income on Salary?
| Net Income | Income Tax Rate | Secondary and Higher Education Cess |
|---|---|---|
| Up to Rs.5 lakhs | Nil | Nil |
| Rs.5 lakhs to Rs.10 lakhs | 20% of (Total Income – Rs.5 lakhs) | 1% of income tax |
| Above Rs.10 lakhs | Rs.1 lakh + 30% of (Total income – Rs.10 lakhs) | 1% of income tax |
What is the slab rate for AY 2017-18?
| INCOME SLABS | INCOME TAX RATES |
|---|---|
| Upto Rs.2,50,000 | NIL |
| Rs. 2,50,000 to 5,00,000 | 10% of the amount exceeding Rs. 2,50,000 Less: Tax Credit – 100% of income-tax or Rs. 5,000/-, whichever is less *. |
| Rs. 5,00,000 to 10,00,000 | Rs. 25,000 + 20% of the amount exceeding Rs. 5,00,000 |
What is the tax slab for 2018-19?
INCOME SLAB AND TAX RATES FOR F.Y. 2018-19/A.Y. 2019-20
| Taxable income | Tax Rate |
|---|---|
| Up to Rs. 2,50,000 | Nil |
| Rs. 2,50,001 to Rs. 5,00,000 | 5% |
| Rs. 5,00,001 to Rs. 10,00,000 | 20% |
| Above Rs. 10,00,000 | 30% |
How much tax do you pay on FBR?
For income above Rs1,800,000 but not exceeding Rs2,500,000, individuals will pay Rs90,000 plus 15% of the amount exceeding Rs1,800,000. For income above Rs2,500,000 but not exceedingRs3,500,000, individuals will pay Rs195,000 plus 17.5% of the amount exceeding Rs2,500,000.
What is the slab rate for AY 2018-19?
| INCOME SLABS | INCOME TAX RATES |
|---|---|
| Upto Rs.2,50,000 | NIL |
| Rs. 2,50,000 to 5,00,000 | 5% of the amount exceeding Rs. 2,50,000 |
| Rs. 5,00,000 to 10,00,000 | Rs. 12,500/- + 20% of the amount exceeding Rs. 5,00,000 Rebate of Rs. 2,500/- for those having total income upto Rs. 3.5 lakh |