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Salary Tax Calculator Pakistan – Online Salary Tax Calculator

This is latest tax calculator as per 2020-2021 budget presented by PTI government.

Total Anual Income: Rs.

Total Payable Tax: Rs.

Tax Details

Fixed Amount Addition: Rs.

Rate of Tax:

Income Tax Slabs

As per Federal Budget 2020-2021 presented by Government of Pakistan, following slabs and income tax rates will be applicable for salaried persons for the year 2020-2021:

  1. Where the taxable salary income does not exceed Rs. 600,000 the rate of income tax is 0.
  2. Where the taxable salary income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000 the rate of income tax is 5% of the amount exceeding Rs. 600,000.
  3. Where the taxable salary income exceeds Rs. 1,200,000 but does not exceed Rs. 1,800,000 the rate of income tax is Rs. 30,000 + 10% of the amount exceeding Rs. 1,200,000.
  4. Where the taxable salary income exceeds Rs. 1,800,000 but does not exceed Rs. 2,500,000 the rate of income tax is Rs. 90,000 + 15% of the amount exceeding Rs. 1,800,000.
  5. Where the taxable salary income exceeds Rs. 2,500,000 but does not exceed Rs. 3,500,000 the rate of income tax is Rs. 195,000 + 18% of the amount exceeding Rs. 2,500,000.
  6. Where the taxable salary income exceeds Rs. 3,500,000 but does not exceed Rs. 5,000,000 the rate of income tax is Rs. 370,000 + 20% of the amount exceeding Rs. 3,500,000.
  7. Where the taxable salary income exceeds Rs. 5,000,000 but does not exceed Rs. 8,000,000 the rate of income tax is Rs. 670,000 + 23% of the amount exceeding Rs. 5,000,000.
  8. Where the taxable salary income exceeds Rs. 8,000,000 but does not exceed Rs. 12,000,000 the rate of income tax is Rs. 1,345,000 + 25% of the amount exceeding Rs. 8,000,000.
  9. Where the taxable salary income exceeds Rs. 12,000,000 but does not exceed Rs. 30,000,000 the rate of income tax is Rs. 2,345,000 + 28% of the amount exceeding Rs. 12,000,000.
  10. Where the taxable salary income exceeds Rs. 30,000,000 but does not exceed Rs. 50,000,000 the rate of income tax is Rs. 7,295,000 + 30% of the amount exceeding Rs. 30,000,000.
  11. Where the taxable salary income exceeds Rs. 50,000,000 but does not exceed Rs. 75,000,000 the rate of income tax is Rs. 13,295,000 + 33% of the amount exceeding Rs. 50,000,000.
  12. Where the taxable salary income exceeds Rs. 75,000,000 the rate of income tax is Rs. 21,420,000 + 35% of the amount exceeding Rs. 75,000,000.

What is 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 Federal Budget is presented. We have updated our tool in line with the income tax changes proposed in the Federal Budget 2021-22. (Read the highlights here)

Income Tax Slabs Financial Year 2020-2021
Id LOWER LIMIT UPPER LIMIT FIXED AMOUNT ADDITION 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
10 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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