As per Lawkidunya, Section 149 of the Income Tax Ordinance, 2001 (Pakistan) deals with the taxation of salary income. Here are the tax rates applicable to salaried individuals in Pakistan:
Tax Rates For Salaried Individuals in Pakistan
1. Up to Rs. 600,000: 0% tax
2. Rs. 600,001 – Rs. 1,200,000: 5% tax on the amount exceeding Rs. 600,000
3. Rs. 1,200,001 – Rs. 2,200,000: Rs. 30,000 + 15% tax on the amount exceeding Rs. 1,200,000
4. Rs. 2,200,001 – Rs. 3,200,000: Rs. 180,000 + 25% tax on the amount exceeding Rs. 2,200,000
5. Rs. 3,200,001 – Rs. 4,100,000: Rs. 430,000 + 30% tax on the amount exceeding Rs. 3,200,000
6. Above Rs. 4,100,000: Rs. 700,000 + 35% tax on the amount exceeding Rs. 4,100,000
Additional Taxes For Salaried Individuals in Pakistan
1. Health Levy: 1% of taxable income (applicable to individuals with taxable income above Rs. 1,200,000)
2. Wealth Statement: Individuals with taxable income above Rs. 1,200,000 must file a wealth statement
Please note that these tax rates are subject to change, and individual circumstances may affect the actual tax payable. It’s always a good idea to consult with a tax professional or the Federal Board of Revenue (FBR) for the most up-to-date information.