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How to Calculate the Income Tax on Salary in Pakistan 2022

Web Desk by Web Desk
April 13, 2022
in How-To Guides
Reading Time: 2 mins read
How to Calculate the Income Tax on Salary in Pakistan 2022

According to the 2001 Income Tax Ordinance, all income is broadly divided into five categories:

  1. Salary.
  2. Rent from your property
  3. The business can generate income.
  4. Capital gains.
  5. Income from Other Sources.

Pakistan Income Tax Calculator 2022 –

You can check your income tax due with our tool.

salary tax calculator 2022
Tax calculator in Pakistan 2022

Go to the website Income Tax Calculator; https://taxcalculatorpakistan.com/.

Enter your income/Salary.

Click to choose whether you would like to enter monthly or annual income.

Press Calculate.

The results will be displayed below, along with the applicable taxes, salary after tax, exempt amount, and the tax bracket that you are in.

Income Tax Slabs –

The income tax slabs for FY 2021-22 will deduct a certain amount from the salaries of individuals earning over Rs. 600,000/- per year.

Here are the details about the tax slabs for FY 2021-22.

Taxable Income Income Tax Rate in Pakistan
Where taxable income exceeds Rs.600, 000 but does not exceed Rs.1, 200,000. 5% of the amount exceeding Rs.600, 000.
Where taxable income exceeds Rs.1, 200,000 but does not exceed Rs.1, 800,000. Rs.30, 000 plus 10% of the amount exceeding Rs.1, 200,000.
Where taxable income exceeds Rs.1, 800,000 but does not exceed Rs.2, 500,000. Rs.90, 000 plus 15% of the amount exceeding Rs.1, 800,000.
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.
Where taxable income exceeds Rs.3, 500,000 but does not exceed Rs.5, 000,000. Rs.370,000 plus 20% of the amount exceeding Rs.3,500,000
Where taxable income exceeds Rs.5, 000,000 but does not exceeds Rs.8, 000,000. Rs.670, 000 plus 22.5% of the amount exceeding Rs.5, 000,000.
Where taxable income exceeds Rs.8, 000,000 but does not exceeds Rs.12, 000,000. Rs.1, 345,000 plus 25% of the amount exceeding Rs.8, 000,000.
Where taxable income exceeds Rs.12, 000,000 but does not exceeds Rs.30, 000,000. Rs.2, 345,000 plus 27.5% of the amount exceeding Rs.12, 000,000.
Where taxable income exceeds Rs.30, 000,000 but does not exceeds Rs.50, 000,000. Rs.7, 295,000 plus 30% of the amount exceeding Rs.30, 000,000.
Where taxable income exceeds Rs.50, 000,000 but does not exceeds Rs.75, 000,000. Rs.13, 295,000 plus 32.5% of the amount exceeding Rs.50, 000,000.
Where taxable income exceeds Rs.75, 000,000. Rs.21, 420,000 plus 35% of the amount exceeding Rs.75, 000,000.

Read more Article:  How to Check Online Vehicle Tax Calculator 2022 Guidelines

Tags: tax calculator 2022
Web Desk

Web Desk

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