Payroll Tax Calculator Pakistan – Online Payroll Tax Calculator

Income tax slabs

In accordance with the 2020-2021 Federal Budget presented by the Government of Pakistan, the following slabs and income tax rates will be applicable to employees for the year 2020-2021:

  1. When the taxable salary income does not exceed Rs. 600,000 the income tax rate is 0.

  2. When the taxable salary income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000 the income tax rate is 5% of the amount exceeding Rs. 600,000.

  3. When the taxable salary income exceeds Rs. 1,200,000 but does not exceed Rs. 1,800,000 the income tax rate is Rs. 30,000 + 10% of the amount exceeding Rs. 1,200,000.

  4. When the taxable salary income exceeds Rs. 1,800,000 but does not exceed Rs. 2,500,000 the income tax rate is Rs. 90,000 + 15% of the amount exceeding Rs. 1,800,000.

  5. When the taxable salary income exceeds Rs. 2,500,000 but does not exceed Rs. 3,500,000 the income tax rate is Rs. 195,000 + 18% of the amount exceeding Rs. 2,500,000.

  6. When the taxable salary income exceeds Rs. 3,500,000 but does not exceed Rs. 5,000,000 the income tax rate is Rs. 370,000 + 20% of the amount exceeding Rs. 3,500,000.

  7. When the taxable salary income exceeds Rs. 5,000,000 but does not exceed Rs. 8,000,000, the income tax rate is Rs. 670,000 + 23% of the amount exceeding Rs. 5,000,000.

  8. When the taxable salary income exceeds Rs. 8,000,000 but does not exceed Rs. 12,000,000, the income tax rate is Rs. 1,345,000 + 25% of the amount exceeding Rs. 8,000,000.

  9. When the taxable salary income exceeds Rs. 12,000,000 but does not exceed Rs. 30,000,000, the income tax rate is Rs. 2,345,000 + 28% of the amount exceeding Rs. 12,000,000.

  10. When the taxable salary income exceeds Rs. 30,000,000 but does not exceed Rs. 50,000,000, the income tax rate is Rs. 7,295,000 + 30% of the amount exceeding Rs. 30,000,000.

  11. When the taxable salary income exceeds Rs. 50,000,000 but does not exceed Rs. 75,000,000, the income tax rate is Rs. 13,295,000 + 33% of the amount exceeding Rs. 50,000,000.

  12. When the taxable salary income exceeds Rs. 75,000,000, the income tax rate is Rs. 21,420,000 + 35% of the amount exceeding Rs. 75,000,000.

What is the income tax calculator?

The Income Tax Calculator is an easy-to-use online tool that helps you estimate your taxes based on your income after the presentation of the federal budget. We have updated our tool in accordance with the income tax changes proposed in the Federal Budget 2021-2022. (Read the highlights here)

Income Tax Slabs Fiscal Year 2020-2021
Username LOWER LIMIT UPPER LIMIT ADDING A FIXED AMOUNT INCOME TAX RATE (%)
1 0 600,000 0 0.0
2 600,001 1,200,000 0 5.0
3 1,200,001 1,800,000 30,000 10.0
4 1 800 001 2,500,000 90,000 15.0
5 2,500,001 3,500,000 195,000 17.5
6 3,500,001 5,000,000 370,000 20.0
7 5,000,001 8,000,000 670,000 22.5
8 8,000,001 12,000,000 1,345,000 25.0
9 12,000,001 30,000,000 2,345,000 27.5
ten 30,000,001 50,000,000 7,295,000 30.0
11 50,000,001 75,000,000 13,295,000 32.5
12 75,000,001 21,420,000 35.0

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Esther L. Steinbach

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