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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.

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