Income Tax Calculator

Calculate Your Income Tax Liability with Our Easy-to-Use Income Tax Calculator

Pakistan Salary Tax Calculator

Pakistan Income Tax Calculator

Calculate your annual and monthly income tax for the fiscal year 2024-2025 based on your salary. Enter your salary and choose whether it’s monthly or annual.

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Income Tax Slabs in Pakistan for FY 2024-25

  1. Up to PKR 600,000: No tax.
  2. PKR 600,001 – 1,200,000: 5% of the amount exceeding PKR 600,000.
  3. PKR 1,200,001 – 2,200,000: PKR 30,000 + 15% of the amount exceeding PKR 1,200,000.
  4. PKR 2,200,001 – 3,200,000: PKR 180,000 + 25% of the amount exceeding PKR 2,200,000.
  5. PKR 3,200,001 – 4,100,000: PKR 430,000 + 30% of the amount exceeding PKR 3,200,000.
  6. Above PKR 4,100,000: PKR 700,000 + 35% of the amount exceeding PKR 4,100,000.

Additional details:

  • The taxable income is calculated by deducting all allowable deductions from the gross income. Allowable deductions include contributions to provident fund, life insurance premiums, medical expenses, and house rent allowance.
  • There are a number of tax credits available in Pakistan, such as the education tax credit, the special tax credit for people with disabilities, and the tax credit for charity donations. Tax credits can reduce your tax liability dollar-for-dollar.
  • The net income tax liability is calculated by subtracting any tax credits from the tax liability.
  • The income tax year in Pakistan runs from July 1 to June 30. Income tax returns are due by September 30th each year.

Important notes:

  • The income tax slabs and rates are subject to change each year. It is always best to check with the Federal Board of Revenue (FBR) for the latest information.
  • The income tax calculator is just a tool to estimate your tax liability. It is important to consult with a qualified tax advisor to get an accurate calculation of your tax liability.