Adv Ch Shahid Bhalli

Income Tax Slabs Rates on Salary in Pakistan 2024-25

As per Lawkidunya, In Pakistan, the tax on salary for 2024-2025 is based on the income tax slabs outlined by the government. Here’s a breakdown of the tax rates:

– 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 ¹

To give you a better idea, here are some examples of how the tax rates would apply:

– If you earn Rs. 100,000 per month, your annual income would be Rs. 1,200,000, and you’d pay 5% tax on the amount exceeding Rs. 600,000.
– If you earn Rs. 200,000 per month, your annual income would be Rs. 2,400,000, and you’d pay Rs. 30,000 + 15% tax on the amount exceeding Rs. 1,200,000.

Keep in mind 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.

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