As per the Federal Budget 2021-2022 presented by the Government of Pakistan, the income tax rates will be applicable for Individuals and AOP’s for the year 2021-2022 according to the following income tax slab in pakistan:
| Minimum Income | Maximum Income | Rate of Income Tax |
|---|---|---|
|
0 |
Rs. 600,000 |
0% |
|
Rs. 600,000 |
Rs. 1,200,000 |
5% of the amount exceeding Rs. 600,000 |
|
Rs. 1,200,000 |
Rs. 1,800,000 |
Rs. 30,000 + 10% of the amount exceeding Rs. 1,200,000 |
|
Rs. 1,800,000 |
Rs. 2,500,000 |
Rs. 90,000 + 15% of the amount exceeding Rs. 1,800,000 |
|
Rs. 2,500,000 |
Rs. 3,500,000 |
Rs. 195,000 + 17.5% of the amount exceeding Rs. 2,500,000 |
|
Rs. 3,500,000 |
Rs.5,000,000 |
Rs. 370,000 + 20% of the amount exceeding Rs. 3,500,000 |
|
Rs. 5,000,000 |
Rs. 8,000,000 |
Rs. 670,000 + 22.5% of the amount exceeding Rs. 5,000,000 |
|
Rs. 8,000,000 |
Rs. 12,000,000 |
Rs. 1,345,000 + 25% of the amount exceeding Rs. 8,000,000 |
|
Rs. 12,000,000 |
Rs.30,000,000 |
Rs. 2,345,000 + 27.5% of the amount exceeding Rs. 12,000,000 |
|
Rs. 30,000,000 |
Rs. 50,000,000 |
Rs. 7,295,000 + 30% of the amount exceeding Rs. 30,000,000 |
|
Rs. 50,000,000 |
Rs. 75,000,000 |
Rs. 13,295,000 + 32.5% of the amount exceeding Rs. 50,000,000 |
|
Rs. 75,000,000 |
Above Rs. 75,000,000 |
Rs. 21,240,000 + 35% of the amount exceeding Rs. 75,000,000 |
You can use our online Calculator to calculate income tax on your income.