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Tax Calculator Pakistan | 2022 - 2023

Tax Calculator Pakistan - 2022-2023

Tax Calculator Pakistan 2022 - 2023

This is latest tax calculator as per 2022-2023 Budget.

Monthly Income
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Monthly Tax
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Salary After Tax
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Yearly Income
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Income Tax Slabs

As per the Federal Budget 2022-2023 presented by the Government of Pakistan, the following slabs and income tax rates will be applicable for salaried persons for the years 2022-2023:

  1. Where the taxable salary income does not exceed Rs. 600,000 the rate of income tax is 0%.
  2. 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
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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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