As per Federal Budget
2022-2023 presented by
Government of Pakistan, following slabs and income tax rates will
be applicable for salaried persons for the year
2022-2023:
Where the taxable salary income does not exceed Rs. 600,000 the
rate of income tax is 0%.
Where the taxable salary income exceeds Rs. 600,000 but does not
exceed Rs. 1,200,000 the rate of income tax is 2.5% of the
amount exceeding Rs. 600,000.
Where the taxable salary income exceeds Rs. 1,200,000 but does
not exceed Rs. 2,400,000 the rate of income tax is Rs.
15,000+12.5% of the amount exceeding Rs. 1,200,000.
Where the taxable salary income exceeds Rs. 2,400,000 but does
not exceed Rs. 3,600,000 the rate of income tax is Rs. 165,000 +
20% of the amount exceeding Rs. 2,400,000.
Where the taxable salary income exceeds Rs. 3,600,000 but does
not exceed Rs. 6,000,000 the rate of income tax is Rs. 405,000 +
25% of the amount exceeding Rs. 3,600,000.
Where the taxable salary income exceeds Rs. 6,000,000 but does
not exceed Rs. 12,000,000 the rate of income tax is Rs.
1,005,000 + 32.5% of the amount exceeding Rs. 6,000,000.
Where the taxable salary income exceeds Rs. 12,000,000 the rate
of income tax is Rs. 2,955,000 + 35% of the amount exceeding Rs.
12,000,000.
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