Adv Ch Shahid Bhalli

Section 149 of Income Tax Ordinance, 2001 Tax Rates in Pakistan

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.

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