Tax on salary in Pakistan 2022

Tax on salary in pakistan

Tax on salary in Pakistan 2022 has revised through Finance Act, 2022. The new tax rates are as under.

Where taxable income does not exceed Rs. 600,000 0%
Where taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000 2.5% of the amount exceeding Rs. 1,200,000
Where taxable income exceeds Rs. 1,200,000 but does not exceed Rs. 2,400,000 15,000+ 12.5% of the amount exceeding Rs. 1,200,000
Where taxable income exceeds Rs. 2,400,000 but does not exceed Rs. 3,600,000 Rs. 165,000 + 20% of the amount exceeding Rs. 2,400,000
Where taxable income exceeds Rs. 3,600,000 but does not exceed Rs. 6,000,000 Rs. 405,000 + 25% of the amount exceeding Rs. 3,600,000
Where taxable income exceeds Rs. 6,000,000 but does not exceed Rs. 12,000,000 Rs. 1,005,000 + 32.5% of the amount exceeding Rs. 6,000,000
Where taxable income exceeds Rs. 12,000,000 Rs. 2,955,000 + 35% of the amount exceeding Rs. 12,000,000.”

The monthly Tax on salary in Pakistan 2022 and  their tax rates are listed below:

  1. Monthly salary doesn’t not exceed 50,000 has no tax liability.
  2. Monthly salary up to 100,000 shall pay a tax of 1,250
  3. Monthly salary up to 200,000 shall pay a tax of 13,750
  4. Monthly salary up to 300,000 shall pay a tax of 33,750
  5. Monthly salary up to 500,000 shall pay a tax of 83,750
  6. Monthly salary up to 1,000,000 shall pay a tax of  246,250

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