Income Tax Slabs

According to Federal Budget 2022-2023 introduced by Government of Pakistan, following pieces and annual duty rates will be pertinent for salaried people for the year 2022-2023:

1. Where the available compensation pay doesn’t surpass Rs. 600,000 the pace of personal assessment is 0%.
2. Where the available compensation pay surpasses Rs. 600,000 yet doesn’t surpass Rs. 1,200,000 the pace of annual expense is 2.5% of the sum surpassing Rs. 600,000
3. Where the available compensation pay surpasses Rs. 1,200,000 however doesn’t surpass Rs. 2,400,000 the pace of personal assessment is Rs. 15,000+12.5% of the sum surpassing Rs. 1,200,000.
4. Where the available compensation pay surpasses Rs. 2,400,000 yet doesn’t surpass Rs. 3,600,000 the pace of annual expense is Rs. 165,000 + 20% of the sum surpassing Rs. 2,400,000.
5. Where the available compensation pay surpasses Rs. 3,600,000 however doesn’t surpass Rs. 6,000,000 the pace of personal assessment is Rs. 405,000 + 25% of the sum surpassing Rs. 3,600,000.
6. Where the available compensation pay surpasses Rs. 6,000,000 yet doesn’t surpass Rs. 12,000,000 the pace of annual expense is Rs. 1,005,000 + 32.5% of the sum surpassing Rs. 6,000,000.
7. Where the available compensation pay surpasses Rs. 12,000,000 the pace of annual expense is Rs. 2,955,000 + 35% of the sum surpassing Rs. 12,000,000.