Tax Calculator Pakistan 2023-2024
This is the tax calculator as per slabs defined in Pakistan Budget for 2023-2024. You should file your tax before 30 September 2024 for tax year 2023-2024 using Tax Calculator Pakistan, as last date to file your Tax is October 14, 2024.
Income/Tax Ratio
Income Tax Slabs 2023-24
As per the Federal Budget 2023-2024 presented by the Government of Pakistan, the following slabs and income tax rates will be applicable for salaried persons for the year 2023-2024:
up to 600,000 PKR
Where the taxable salary income does not exceed Rs. 600,000, the rate of income tax is 0%.
600,001 to 1,200,000 PKR
Where the taxable salary income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000, the rate of income tax is 2.5% of the amount exceeding Rs. 600,000.
1,200,001 to 2,400,000 PKR
Where the taxable salary income exceeds Rs. 1,200,000 but does not exceed Rs. 2,400,000, the rate of income tax is Rs. 15,000 + 12.5% of the amount exceeding Rs. 1,200,000.
2,400,001 to 3,600,000 PKR
Where the taxable salary income exceeds Rs. 2,400,000 but does not exceed Rs. 3,600,000, the rate of income tax is Rs. 165,000 + 22.5% of the amount exceeding Rs. 2,400,000.
3,600,001 to 6,000,000 PKR
Where the taxable salary income exceeds Rs. 3,600,000 but does not exceed Rs. 6,000,000, the rate of income tax is Rs. 435,000 + 27.5% of the amount exceeding Rs. 3,600,000.
Above Rs. 6,000,000 PKR
Where the taxable salary income exceeds Rs. 6,000,000, the rate of income tax is Rs. 1,095,000 + 35% of the amount exceeding Rs. 6,000,000.