As per Lawkidunya, Pakistan’s salary tax deductions for 2024 are based on the income tax slabs outlined by the government. Here’s a breakdown of the tax rates:
– Taxable Income up to PKR 600,000: 0% tax
– PKR 600,001 – PKR 1,200,000: 5% of the amount exceeding PKR 600,000
– PKR 1,200,001 – PKR 2,200,000: PKR 30,000 + 15% of the amount exceeding PKR 1,200,000
– PKR 2,200,001 – PKR 3,200,000: PKR 180,000 + 25% of the amount exceeding PKR 2,200,000
– PKR 3,200,001 – PKR 4,100,000: PKR 430,000 + 30% of the amount exceeding PKR 3,200,000
– PKR 4,100,001 and above: PKR 700,000 + 35% of the amount exceeding PKR 4,100,000

Additionally, there are some tax deductions available, including:
– Conveyance allowance: Up to PKR 10,000 per month
– Medical allowance: Up to PKR 10,000 per month
– Telephone allowance: Up to PKR 5,000 per month
– Utility bills: Up to PKR 10,000 per month
– Education expenses: Up to PKR 60,000 per annum for children’s education
– Charitable donations: Up to 30% of taxable income
You can use online tax calculators to determine your exact tax liability.