As per Lawkidunya, The amount of tax paid by the salaried class in Pakistan depends on their taxable income. Here’s a breakdown of the tax rates applicable to salaried individuals in Pakistan for the year 2024-2025:
– Taxable Income up to Rs. 600,000: 0% tax
– Taxable Income between Rs. 600,001 and Rs. 1,200,000: 5% tax on the amount exceeding Rs. 600,000
– Taxable Income between Rs. 1,200,001 and Rs. 2,200,000: Rs. 30,000 + 15% tax on the amount exceeding Rs. 1,200,000
– Taxable Income between Rs. 2,200,001 and Rs. 3,200,000: Rs. 180,000 + 25% tax on the amount exceeding Rs. 2,200,000
– Taxable Income between Rs. 3,200,001 and Rs. 4,100,000: Rs. 430,000 + 30% tax on the amount exceeding Rs. 3,200,000
– Taxable Income above Rs. 4,100,000: Rs. 700,000 + 35% tax on the amount exceeding Rs. 4,100,000
Additionally, individuals and associations of persons (AOPs) with taxable income exceeding PKR 10 million in a year must pay a surcharge equal to 10% of their income tax.