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Here is the complete detail of using salary tax calculator and income tax slabs.

Salaried persons used to pay a fixed amount of money as tax on regular basis but most of them are unaware of, how their tax is calculated. If are also among such people, do not worry any more. You are at a right place. We not only provide tax calculation facility by our experts but also guide the user on the correct use of tax calculators online so that they can easily calculate their taxes. Let’s have a look at the process,

How To Use Salary Tax Calculator Online

Calcuating your amount of taxes through tax calculators available on different websites is super easy. Let’s have a look at the steps mentioned below:

  • Go to “Google”, Search for the terms like, “Tax Calculator Online Pakistan”, “Salary Tax Calculator for Pakistan”, “Tax Calculator Pakistan 2022-2023”, “Pakistan Salary Tax Calculator”, “Income Tax Calculator Pakistan”. You will get multiple helpful websites displayed on the first page.

  • Click on any one of the websites. A page with online tax calculator will open.

  • Place your salary in required field of tax calculator.

  • Once you enter it, you will get the calculated amount of tax payable according to your salary.

Please make sure that you enter “Pakistan” with “Tax calculator” phrase while searching it on Google. If this is not done, you may get tax calculator sites of other countries which can be confusing for you.

Salary Income Tax Slabs 2022 - 2023

As per the Federal Budget 2022-2023 presented by the Government of Pakistan, the following slabs and income tax rates will be applicable for salaried persons for the years 2022-2023:

1. When the taxable salary income does not exceed Rs 50,000 the rate of income tax is 0%.

2. Where the taxable salary income exceeds Rs. 50,000 but does not exceed Rs. 1,00,000 per month the rate of income tax is 2.5% of the amount exceeding Rs. 50,000.

3.Where the taxable salary income exceeds Rs. 100,000 per month but does not exceed Rs 200,000 the rate of income tax is Rs. 15,000+ 12.5% of the amount exceeding Rs. 1,200,000 per year salary.

4.Where the taxable salary income exceeds Rs. 200,000 per month but does not exceed Rs.300,000 the rate of income tax is Rs. 165,000 + 20% of the amount exceeding Rs. 2,400,000 per year salary.

5.Where the taxable salary income exceeds Rs.300,000 per month but does not exceed Rs. 500,000 the rate of income tax is Rs. 405,000 + 25% of the amount exceeding Rs. 3,600,000 per year salary.

6. Where the taxable salary income exceeds Rs.500,000 per month but does not exceed Rs. 1,000,000 the rate of income tax is Rs. 1,005,000 + 32.5% of the amount exceeding Rs. 6,000,000 per year salary.

7.Where the taxable salary income exceeds Rs. 1,000,000 per month the rate of income tax is Rs. 2955,000 + 35% of the amount exceeding Rs. 12,000,000 per year salary.

Salary Slabs For Income Tax July 2022 Updated

Taxable Income Rate of Tax
Salary Under Rs. 50,000 Per Month No Tax
More than Rs. 50,000 but fewer than Rs. 100,000 per month 2.5% of amount after 50,000 Rs
Higher than PKR 100,000 but under 200,000 per month PKR 15,000 + 12.5% of the amount exceeding Rs. 1,200,000
Higher than Rs. 200,000 but under 300,000 per month PKR 165,000 + 20% of the amount exceeding Rs. 2,400,000
Higher than Rs. 300,000 but under 500,000 per month PKR 405,000 + 25% of the amount exceeding Rs. 3,600,000
Higher than Rs. 500,000 but under 1,000,000 per month PKR 1,005,000 + 32.5% of the amount exceeding Rs. 6,000,000
Higher than Rs. 1,000,000 per month PKR 2955,000 + 35% of the amount exceeding Rs. 12,000,000 per year

Previous Salary Income Tax Rates From July 2021 - June 2022

Taxable Income Rate of Tax
Where taxable income does not exceed Rs. 600,000 per year income 0
Where the taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000 per year income 5%
Where taxable income exceeds Rs. 1,200,000 but does not exceed Rs. 1,800,000 per year income Rs. 30,000 + 10% of the amount exceeding Rs. 1,200,000.
Where taxable income exceeds Rs. 1,800,000 but does not exceed Rs. 2,500,000 per year income Rs. 90,000 + 15% of the amount exceeding Rs. 1,800,000.
Where taxable income exceeds Rs. 2,500,000 but does not exceed Rs. 3,500,000 per year income Rs. 195,000 + 17.5% of the amount exceeding Rs. 2,500,000.
Where taxable income exceeds Rs. 3,500,000 but does not exceed Rs. 5,000,000 per year income Rs. 370,000 + 20% of the amount exceeding Rs. 3,500,000.
Where taxable income exceeds Rs. 5,000,000 but does not exceed Rs.8,000,000 per year income Rs. 670,000 + 22.5% of the amount exceeding Rs. 5,000,000.
Where taxable income exceeds Rs. 8,000,000 but does not exceed Rs. 12,000,000 per year income Rs. 1,345,000 + 25% of the amount exceeding Rs. 8,000,000.
Where taxable income exceeds Rs. 12,000,000 but does not exceed Rs. 30,000,000 Rs. 2,345,000 + 27.5% of the amount exceeding Rs. 12,000,000.
Where taxable salary income exceeds Rs. 30,000,000 but does not exceed Rs. 50,000,000 Rs. 7,295,000 + 30% of the amount exceeding Rs. 30,000,000.
Where taxable salary income exceeds Rs. 50,000,000 but does not exceed Rs. 75,000,000 Rs. 13,295,000 + 32.5% of the amount exceeding Rs. 50,000,000.
Where the taxable salary income exceeds Rs. 75,000,000 Rs. 21,420,000 + 35% of the amount exceeding Rs. 75,000,000.

These were the previous and current salary income tax calculations according to Federal incom tax rules and regulations. You can consult these and find your own tax through Tax calculator present on the website. A definite percentage of money is fixed as amount of tax on all kinds of income.

Division Of Gross Salary Income In Pakistan

In Pakistan, According to income tax ordinance 2001, Gross salary is divided in to four major categories which are

  • Basic salary
  • House Rent Allowance (HRA)
  • Conveyance Allowance
  • Medical And Other Allowances

These combinely make a total gross salary. Keep in mind, taxes are imposed on the salary only. The bonuses or any other reward money is not included in it. You can simply put your gross salary in tax calculator online and get your payable tax amount.

Tax Calculation Services At taxconsultancy.pk

At taxconsultancy.pk, we are helping people with the tax calculation of their incomes at every level. Our Experts help;

  • Salaried Persons

    We help salaried persons through our salary tax alculators online. We provide tax calculations on monthly and yearly basis depending on client’s requirement. You just need to mention your gross salary.

  • Sole Proprietor-individual & AOPs

    For such people, we provide Buisness FBR Tax calculator service. We consult them properly and discus all the profits, losses and then calculate the tax for them. You need to provide us the proportionate data. We will provide you the tax calculations monthly or yearly.

  • Individuals & AOPs

    We also help people with the tax calculations on their rental income through our Rental Tax Calculator Online. You need to calculate your complete rental income monthly or yearly then we will calculate tax for you.

    You can use our free tax calculator available on the site to get your tax easily in no time. However, if are busy with your other important tasks, or find it difficult to use tax calculator, simply contact our team. We have a team of finance and capital experts who will help you in no time. Simply ask our experts and make youe life easy.

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